Indian Financial System Set 3

Bachelor of Commerce (B Com),

Bachelor of Business Administration in Finance (BBA Finance),

Union Public Service Commission (UPSC)

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This set of Indian Financial System Multiple Choice Questions & Answers (MCQs) focuses on Indian Financial System Set 3

Q1 | Technical consultancy Organisations were set up by........................
  • ifci
  • idbi
  • rbi
  • sebi
Answer: idbi
Q2 | ICICI was set up in ........................
  • 1955
  • 1964
  • 1989
  • 1935
Answer: 1955
Q3 | ........................ assists mainly to industrial undertakings in the private sector
  • ifci
  • idbi
  • icici
  • sebi
Answer: icici
Q4 | LIC was established in........................
  • 1956
  • 1964
  • 1989
  • gcv1935
Answer: 1956
Q5 | UTI was set up in the year ........................
  • 1956
  • 1964
  • 1969
  • 1948
Answer: 1964
Q6 | ................known as Brettonwood twins
  • idbi and ifci
  • idbi and uti
  • ibrd and imf
  • rbi and sebi
Answer: ibrd and imf
Q7 | World bank is also known as........................
  • imf
  • adb
  • ibrd
  • unicef
Answer: ibrd
Q8 | World bank was set up in ........................
  • 1945
  • 1946
  • 1947
  • 1948
Answer: 1945
Q9 | IMF commenced financial operation on........................
  • 1945
  • 1946
  • 1947
  • 1948
Answer: 1947
Q10 | Which of the following gives long term finance?
  • idbi
  • icici
  • ifci
  • all the above
Answer: all the above
Q11 | Which of the following is a fee based service
  • hire purchase
  • leasing
  • capital issue management
  • underwriting.
Answer: capital issue management
Q12 | Find the odd one out
  • commercial paper
  • share certificate
  • certificate of deposit
  • treasury bill.
Answer: share certificate
Q13 | The process of managing the sales ledger of a client by a financial service company iscalled
  • forfaiting
  • factoring
  • leasing
  • none of these.
Answer: factoring
Q14 | Mutual funds are very popular in
  • usa
  • uk
  • japan
  • india
Answer: usa
Q15 | In India, the company which actually deals with the corpus of the mutual fund is called
  • sponsor company
  • trustee company
  • asset management company
  • mutual fund company.
Answer: asset management company
Q16 | The first bank in India to start factoring business is
  • canara bank
  • sbi
  • punjab national bank
  • allahabad bank.
Answer: sbi
Q17 | An asset with a physical value is called
  • financial asset
  • non financial asset
  • fictitious asset
  • fixed asset
Answer: non financial asset
Q18 | An asset which derives its value because of a contractual claim is
  • financial asset
  • non financial asset
  • fictitious asset
  • fixed asset
Answer: financial asset
Q19 | Gold is -----------asset
  • financial asset
  • non financial asset
  • fictitious asset
  • intangible asset
Answer: non financial asset
Q20 | Cash is --------------asset
  • financial asset
  • non financial asset
  • fictitious asset
  • intangible asset
Answer: financial asset
Q21 | -------------is a whole sale market for short term debt instrument.
  • capital market
  • forex market
  • money market
  • any of the above
Answer: money market
Q22 | Money lent in the inter-bank market for 15 days or more is called -----------
  • call money
  • term money
  • money at short notice
  • all the above
Answer: term money
Q23 | Call money is a loan given for a period of
  • 15 days
  • 30 days
  • 1 day
  • 1 year
Answer: 1 day
Q24 | When money lent for more than a day but up to a fortnight is called
  • call money
  • term money
  • money at short notice
  • none of the above
Answer: money at short notice
Q25 | CBLO stands for
  • collateralised borrowing and lending obligation
  • central banks lending obligation
  • commercial bank and lending option
  • none of these
Answer: collateralised borrowing and lending obligation
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