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Money, Banking and Financial Institutions 04
Question
1
of 6
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2
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5
6
Q1. The apex organisation of Industrial finance in India is
A.
IDBI
B.
RBI
C.
ICICI
D.
IFCI
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
A
IDBI was established in 1964 as a wholly owned subsidiary of RBI to coordinate the activities of financial institutions.
Q2. How many companies are in the BSE SENSEX and NSE NIFTY respectively?
A.
30 and 100
B.
50 and 100
C.
30 and 50
D.
100 and 50
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
The SENSEX tracks 30 blue-chip companies; the NIFTY tracks 50.
Q3. BSE (Bombay Stock Exchange) is located on ____ Street, Mumbai.
A.
Juhu
B.
Penag
C.
Arthrur
D.
Dalal
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
D
Dalal Street is the address of the BSE and is synonymous with the Indian financial market.
Q4. ICICI was established as a development financial institution in:
A.
1989
B.
1990
C.
1955
D.
1992
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
ICICI was formed in 1955 at the initiative of the World Bank and the Govt of India.
Q5. Regulatory authority for mutual funds and stock markets?
A.
Government of India
B.
Reserve Bank of India
C.
SEBI
D.
Stock Exchange
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
SEBI regulates the securities market, including mutual funds and brokers.
Q6. In India paper currency started in?
A.
1860
B.
1861
C.
1862
D.
1863
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
The Paper Currency Act of 1861 gave the Government of India the sole right to issue notes.
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