Professional Documents
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2. _________ helps create and grow young business by providing them with necessary support and
financial and technical services.
(a) Business facilitator
(b) Business Incubator
(c) Business Consultant
(d) Business merchandiser
Answer##
(b) Business Incubator
4. In ________, the Union Government enacted the Industries Development and Regulation Act.
(a) 1947
(b) 1948
(c) 1950
(d) 1951
Answer##
(d) 1951
7. _________ is the rule setter for fair play in business provides the business facilitation.
(a) RBI
(b) SEBI
(c) Competition Commission of India
(d) Ministry of Law
Answer##
(c) Competition Commission of India
11. The Institute ________ aims to enhance India’s image as a sourcing partner and investment
destination.
(a) India Trade Promotion Organisation
(b) Industrial Development institute
(c) Indian Institute of Foreign Trade
(d) International Development Institute
Answer##
(a) India Trade Promotion Organisation
16. At present, in India, we have ________ Micro, Small and Medium Enterprises Development
Institutes.
(a) 25
(b) 28
(c) 30
(d) 35
Answer##
(c) 30
17. Which of the following scheme has been introduced by Government for furthering and
facilitating Indian Business?
(a) Made in India
(b) Make in India
(c) SEZ
(d) Jan Shakti Yojana
Answer##
(b) Make in India
18. The Central Office of the Reserve Bank was initially established in ________ but was permanently
moved to ________ in 1937.
(a) Kolkata, Mumbai
(b) Mumbai, Kolkata
(c) Delhi, Mumbai
(d) Kolkata, Delhi
Answer##
(a) Kolkata, Mumbai
20. The RBI has been vested with extensive power to control and supervise commercial banking
system under the:
(a) Reserve Bank of India Act, 1934
(b) The Banking Regulation Act, 1949
(c) Both (a) and (b)
(d) None of the above.
Answer##
(c) Both (a) and (b)
22. The RBI has been vested with extensive power to control and supervise commercial banking
system under which Act?
(a) The Reserve Bank of India Act, 1933
(b) The Reserve Bank of India Act, 1934
(c) The Reserve Bank of India Act, 1935
(d) The Reserve Bank of India Act, 1936
Answer##
(b) The Reserve Bank of India Act, 1934
25. The RBI ________ Treasury Bills on behalf of in ________ order to wipe away excess liquidity in
the economy.
(a) Sells, Central Govt.
(b) Purchases, Central Govt.
(c) Sells, Ministry of Corporate Affairs
(d) Purchases, Finance Ministry.
Answer##
(a) Sells, Central Govt.
27. Which of the following can be the expiry period of Treasury Bills?
(a) 91 Days
(b) 182 Days
(c) 364 Days
(d) Any of above
Answer##
(d) Any of above
28. ________ represents the ratio of liquid assets of the banks to their deposit liabilities.
(a) SLR
(b) CRR
(c) CLR
(d) None
Answer##
(a) SLR
32. Which condition, or which is not true out of options about bank rate?
(a) It is called discount rate
(b) It is different from repo rate
(c) SEBI influences the interest rates through bank rate.
(d) Higher bank rate will translate to higher lending rates by the banks
Answer##
(c) SEBI influences the interest rates through bank rate.
33. ________ has been entrusted with the task of collection and compilation of statistical
information relating to banking and other financial Sectors of the economy.
(a) RBI
(b) Indian Statistical Institute
(c) Central Research Organisation
(d) Banking Data Record Organisation.
Answer##
(a) RBI
34. The Reserve Bank of India being the Central Bank of India performs all the central banking
functions. Which one of the following is not the Tunctions of RBI?
(a) Issue of currency
(b) Banker to the Government
(c) Watchdog of the unethical competition in the market
(d) Custodian of the nation’s foreign exchange reserves
Answer##
(c) Watchdog of the unethical competition in the market
37. RBI provides loans to the banks either by direct lending or by re-discounting the bills of
commercial banks and treasury bills. It is known as:
(a) Bank Rate
(b) Rate of Interest
(c) Discount Rate
(d) Lending Rate
Answer##
(c) Discount Rate
38. The rate at which Bank borrows money from the RBI against pledging or Sale of Government
Securities to RBI is known as:
(a) Repo Rate
(b) Reserve Repo Rate
(c) Discount Rate
(d) Bank Rate
Answer##
(a) Repo Rate
39. ________ is the rate of Interest offered by RBI, when bank deposit their surplus funds with the
RBI for short periods.
(a) Repo Rate
(b) Reserve Repo Rate
(c) Discount Rate
(d) Bank Rate
Answer##
(b) Reserve Repo Rate
41. Which one of the following is paper based mechanism of funds transfer?
(a) Currency
(b) Cheques
(c) Bills of Exchange
(d) All of the above.
Answer##
(d) All of the above.
42. Which one of the following is not digital payment mechanism of funds transfer?
(a) Card Swiping
(b) Internet Banking
(c) Bills of Exchange
(d) All of the above.
Answer##
(c) Bills of Exchange
44. Who was the regulatory body for controlling financial affairs in India before SEBI?
(a) Controller of Capital Issues
(b) Reserve Bank of India
(c) Insurance Regulatory and Development Authority of India
(d) Government of India
Answer##
(a) Controller of Capital Issues
49. SEBI has several functions rolled into one body. Which one of the following is not the function of
SEBI?
(a) Quasi-legislative
(b) Quasi-judicial
(c) Quasi-professional
(d) Quasi-executive
Answer##
(c) Quasi-professional
52. In April 1988, the SEBI was constituted as the Regulator of Capital Markets in India under:
(a) A resolution of the Govt, of India
(b) A resolution of RBI
(c) Recommendations of Group of Ministers
(d) Recommendations of Finance Minister.
Answer##
(a) A resolution of the Govt, of India
53. For the discharge of its functions efficiently, SEBI has been vested with the following powers:
(a) To approve by-laws of stock ex-changes.
(b) To inspect the books of account and call for periodical returns from recognized stock exchanges.
(c) To compel certain companies to list their shares in one or more stock exchanges.
(d) All of the above
Answer##
(d) All of the above
54. Who was the regulatory body for controlling financial affairs before SEBI?
(a) Reserve Bank of India
(b) Controller of Capital Issues
(c) Government of India
(d) Insurance Regulatory and Development Authority of India.
Answer##
(b) Controller of Capital Issues
56. SEBI has to be responsive to the needs of groups, which constitute the market:
(a) The issuers of securities
(b) The investors
(c) The market intermediaries
(d) All of the above
Answer##
(d) All of the above
58. Where can the second appeal are made against SEBI?
(a) Securities Appellate Tribunal
(b) High Court
(c) Supreme Court
(d) RBI
Answer##
(c) Supreme Court
64. SEBI drafts repletion in its ________ capacity whereas the rules and orders are passed in its
________ Capacity.
(a) Legislative, Judicial
(b) Legislative, Executive
(c) Judicial, Legislative
(d) Executive, Judicial
Answer##
(a) Legislative, Judicial
67. With increased competition, the producers have the following benefits except:
(a) Incentive to innovate
(b) Incentive to specialize
(c) Reduced Costs
(d) Monopoly Status
Answer##
(d) Monopoly Status
68. The Competition between Me Donald and Burger King, Coca-Cola and Pepsi, Pizza Hut and
Dominos, etc. are the examples of :
(a) Direct Competition
(b) Indirect Competition
(c) Cross Competition
(d) Straight Competition
Answer##
(a) Direct Competition
69. Which one of the following is not a benefit of free and fair Competition?
(a) Increase in Efficiency
(b) Improvement in quality
(c) Encouragement of innovation
(d) Protection of Laggards.
Answer##
(d) Protection of Laggards.
73. Which one of the following is not the role of the Competition Commission of India?
(a) To promote practices having adverse effect on competition.
(b) To promote and sustain competition in markets.
(c) To protect the interests of consumers and,
(d) To ensure freedom of trade carried on by other participants in markets in India.
Answer##
(a) To promote practices having adverse effect on competition.
74. With the enforcement of the Com-petition Act, 2002, the ________ shall stand repealed.
(a) MRTP Act
(b) Consumer Protection Act
(c) Controller of Capital Issues Act
(d) None of the above
Answer##
(a) MRTPAct
75. Which of the following is increased about the competition Commission of India (CCI)?
(a) CCI is a body Corporate having perpetual succession and common Seal.
(b) CCI was established by the Central Government.
(c) CCI consists of Chairperson and Six members.
(d) The members of CCI are appointed by Ministry of Welfare.
Answer##
(d) The members of CCI are appointed by Ministry of Welfare.
79. ________ is an autonomous apex statutory body which regulates and develops the insurance
industry in India.
(a) IRDAI
(b) IRDA Act, 1999
(c) Insurance Act, 1932
(d) TRAI
Answer##
(a) IRDAI
80. Which Section of IRDAI Act, 1999 lays down the duties, powers and functions of IRDAI?
(a) Section 10
(b) Section 12
(c) Section 14
(d) Section 5
Answer##
(c) Section 14
82. Which of the following reflects the functioning of IRDAI as a business facilitator?
(a) It takes steps to regulate and develop the insurance industry
(b) It protects the interests of the insurance policy holders
(c) It disseminates a lot of information for the benefit of policy holders.
(d) All of the above.
Answer##
(d) All of the above.
83. IRDAI role is to provide registration certification to life insurance companies and responsible for
________ of this registered certificate.
I. Renewal
II. Modification
III. Cancellation
IV. Suspension
(a) I
(b) I & II
(c) I, II and III
(d) I, II, III and IV
Answer##
(d) I, II, III and IV
84. NABARD serves as an apex financing agency for the institutions providing investment and
production credit for promoting the various developmental activities in ________.
(a) Rural areas
(b) Urban areas
(c) Sub-urban areas
(d) All of the above
Answer##
(a) Rural areas
91. NABARD is the most important institution in the country which looks after the development of
the:
(a) Cottage Industry
(b) Small Industry
(c) Village Industry
(d) All of the above.
Answer##
(d) All of the above.
95. Large number of SHGs have been linked to credit, resulting in an important Indian tool for
microfinance, by the endeavour of:
(a) NABARD
(b) SIDBI
(c) IDBI
(d) SEBI
Answer##
(a) NABARD
97. NABARD is the most important institution in the country which looks after the development of
the:
(a) Cottage industry,
(b) Small industry
(c) Village industry
(d) All of the above.
Answer##
(d) All of the above.