Financial Institutions and Markets

JKPSC Assistant Professor (Economics) · Economics · 54 practice questions with answers and explanations: 2 Easy, 51 Medium, 1 Hard.

Sample questions

Sample Easy question 1

Trading on the National Stock Exchange of India began in:

  1. 1992
  2. 1999
  3. 2001
  4. 1994
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Answer: D. NSE was incorporated in 1992.

Sample Easy question 2

SEBI was given statutory powers by an Act of:

  1. 1995
  2. 1992
  3. 2000
  4. 1988
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Answer: B. It was set up in 1988 and made statutory in 1992.

Sample Medium question 3

Treasury bills are issued by:

  1. SEBI
  2. The Government of India, through the RBI
  3. Commercial banks
  4. NABARD
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Answer: B. They are sold at a discount and repaid at par.

Sample Medium question 4

Commercial paper is:

  1. A government bond
  2. An equity share
  3. An unsecured short-term promissory note issued by companies
  4. A long-term debenture
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Answer: C. Only creditworthy firms can issue it.

Sample Medium question 5

Merchant banking services include:

  1. Savings accounts
  2. Crop loans
  3. Issue management and underwriting
  4. Life insurance
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Answer: C. They help companies raise capital.

Sample Hard question 6

Mutual funds in India are regulated by:

  1. IRDAI
  2. RBI
  3. SEBI
  4. PFRDA
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Answer: C. The SEBI (Mutual Funds) Regulations, 1996 apply.

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