ECONOMY MCQS SET 97

ECONOMY MCQS SET 97

961) Which one of the following agencies in the Indian capital market has authority to regulate the mutual fund markets in India?
A) IRDA
B) SEBI
C) RBI
D) IBPS
Correct Answer: SEBI
   
962) Consider the following statements. In India, taxes on transaction in stock exchanges and future markets are
1. Levied by the union
2. Collected by the states
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) None of these
Correct Answer: Only 1
   
963) With reference to Indian capital market, consider the following statements
1. CRISIL was set-up in the Eighth Five Year Plan.
2. CRISIL rates the debt instruments of the public sectors.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Only 2
   
964) In the context of Indian economy, 'Open Market Operations' refers to
A) borrowing by scheduled banks from the RBI
B) lending by commercial banks to industry and trade
C) purchase and sale of government securities by the RBI
D) None of the above
Correct Answer: purchase and sale of government securities by the RBI
   
965) Consider the following statements
1. Housing Development Finance Corporation Limited (HDFC) is a national level housing Finance institution set up in 1977.
2. HDFC was established as a subsidiary company of the ICICI.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Only 1
 
966) India's market regulator SEBI is on course to relax investment norms for sovereign wealth funds, the investment vehicles which are directly controlled by the government of a country. The main reason behind this move is
A) the desire of the Government of India to attract more foreign investment.
B) pressure by foreign governments on India to execute specific mutual agreements on financial services
C) SEBI's desire to create a more level playing field for foreign investors.
D) RBIs relevant directive to SEBI.
Correct Answer: the desire of the Government of India to attract more foreign investment.
   
967) Consider the following statements
1. National Housing Bank (NHB) was established by the RBI In 1980.
2. NHB is directly financing the schemes of housing for women in India.
which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Neither 1 nor 2
   
968) Which one of the following companies is eligible for the financial assistance and loans from the Industrial Finance Corporation of India (IFCI)?
A) Limited Public Companies
B) Public Co-Operatives
C) Private Limited Companies
D) All of the above
Correct Answer: All of the above
   
969) Micro-finance is the provision of financial services to the people of low income groups. This includes both consumer and the self-employed. The service/ services rendered under micro-finance is/are
1. Credit facilities
2. Saving facilities
3. Insurance facilities
4. Fund transfer facilities
Which of the statements given above is/are correct?
A) 1, 2, 3 and 4
B) 1 and 4
C) 2 and 3
D) Only 1
Correct Answer: 1, 2, 3 and 4
   
970) Which of the following statements with regard to New Development Bank (NBC), formerly referred to as the BRICS Development Bank, is/are correct?
1. The headquarters of the bank is situated at Moscow, Russia.
2. KV Kamath is the first President of the bank.
Select the correct answer using the codes given below
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Neither 1 nor 2