Question

Indian financial management system mcq
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Answer 1

Answer:

. Indian financial system comprises of both ———————-and ———————-sector.

Ans. organized and Unorganized sector.

2. SEBI was given legal status in the year————-set up in1988

Ans . 1992

3. Non-banking assets and Non-performing assets are synonymous term. (True or False)

4. The Indian money market does not deal in cash or money but in promissory notes, government paper.

True or False)

5. Mention one function of underwriters. 

Ans: They ensure the sale of shares or debentures of a company

even before offering to the public.

6. RBI follows ————————— for issuing paper currency note.

Ans. Minimum Reserve System

7. Under —————of the RBI Act, the RBI issues notes.

Ans: Section 22

8. IFCI was the first development bank of India. It was established in ————

Ans. 1948.

9. The bill which does not require any acceptance is called —————

Ans. Promissory Note.

10. The company which sets up a mutual fund is called —————

Ans . Sponsor.

11. Sponsoring ————————-contributes 35% of the total share capital of the Regional Rural Bank.

Ans. commercial bank

(Govt. of lndia=50%, Sponsor banks=35% and State govt=15%)

12. Bank deposit is a non-marketable security. 

Ans. True

13. Government bond is a long-term security. 

Ans .True

14. Certificate of deposit can be issued only by commercial bank. Ans. False, can also be issued by Fls

15. Credit card is a prepaid card. 

Ans. False

16. The Government of India set up the the Narasimham committee