Thursday, June 18, 2015

Day 58 - Questions

Day 58 - Financial Ministry and Financial Market Entities

( Finance Ministry, Financial Market Entities )

Recommended Study links - (Go through these topics before attempting MCQs)

1.  Which of the following is not a department of Finance Ministry?
a.  Department of Economic Affairs
b.  Department of Public Enterprises
c.  Department of Expenditure
d.  Department of Disinvestment

2.  Which of the following is not a function of Department of Economic Affairs (DEA)?
a.  Preparation of General Budget (excluding Railway Budget)
b.  Formulation of Macroeconomic policies
c.  Indian currency production
d.  Governing Direct and Indirect Taxes

3.  Who is the Economic Affairs Secretary of India (as of June 18, 2015)?
a.  Arvind Mayaram
b.  Hasmukh Adhia
c.  Rajiv Mehrishi
d.  Raghuram Rajan

4.  Which of the following department governs all banks, insurance, pensions, etc. provided by government agencies or private corporations?
a.  Department of Economic Affairs
b.  Department of Financial Services
c.  Department of Revenue
d.  None of the above

5.  Who is the Financial Services Secretary of India (as of June 18, 2015)?
a.  Arvind Mayaram
b.  Hasmukh Adhia
c.  Rajiv Mehrishi
d.  Aradhana Johri

6.  Who is the first Finance Minister of independent India?
a.  Liaquat Ali Khan
b.  R.K.Shanmukham Chetty
c.  Morarji Desai
d.  C.D.Deshmukh

7.  Who is the Finance Secretary of India (as of June 18, 2015)?
a.  Arvind Mayaram
b.  Hasmukh Adhia
c.  Rajiv Mehrishi
d.  Raghuram Rajan

8.  What is the main function of Primary Dealers (PD)?
a.  Dealing with government securities, both in Primary and Secondary Market
b.  Dealing with public funds
c.  Dealing with disinvestment
d.  None of the above

9.  Which of the following is true regarding Brokers?
a.  Brokers are needed to be approved by Capital market regulator
b.  Brokers act as an intermediary between buyers and sellers of securities of Capital Market
c.  Brokers help build-up an order book, carry out price discovery and are responsible for broker's contracts being honored
d.  All of the above

10.  Depository Participants maintain demat accounts of individual customers. Which of the following maintains demat accounts of Depository Participants?
a.  Government
b.  RBI
c.  Depositories
d.  Individual Banks

11.  Which of the following is correct difference between Brokers and Depository Participants?
a.  Brokers are members of stock exchanges; DPs are members of Depositories
b.  Brokers link buyers and sellers of securities through Stock Exchanges; DPs keep securities in safe electronic (demat) form, and act as the custodian of securities
c.  Brokers open trading account; DPs open demat account
d.  All of the above

Note - Do not refer any source while answering the questions. You can comment in the Comment Section below.

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