Practice Test


1) POC stands for


2) A business __________ helps a budding business to quickly launch a product and put it in fast lane of commercial success.


3) RBI was established on


4) __________ is responsible for monetisation of economy in India.


5) The rate at which banks borrow money from the RBI against pledging of government securities.


6) SLR & CRR are __________ measures of credit policy.


7) SEBI Act came into force from


8) __________ protects businesses from other businesses’ unfair practices and penalises the erring entities.


9) Section __________ of IRDAI Act, 1999 lays down duties; powers and functions of IRDAI.


10) IFCI was established in


11) SIDBI was established as a wholly owned subsidiary of


12) SIDBI was set up in


13) __________ regulates the co-operative banks and RRBs.


14) NABARD has its head office at


15) EXIM Bank was set up in


16) Under __________ competition, product that perform. The same function compete against each other.


17) Where can the first appeal against SEBI be made?


18) Which of the following statements about RBI is incorrect?


19) The Industrial Finance Corporation of India(IFCI) was established in which year?


20) Which of the following is a direct beneficiary of IFCI?


21) Where is the headquater of NABARD?


22) __________ is an Indian Development Bank


23) SEBI has its Western Regional Office in:


24) SEBI has several functions rolled into one body. Which one of the following is not the function of SEBI?


25) The RBI has been vested with extensive power to control and supervise commercial banking system under the:


26) Who is the custodian of the nation’s foreign exchange reserves?


27) NABARD refinances the financial institutions which finances the __________.


28) NABARD is the most important institution in the country which looks after the development of the __________.


29) The LAC curve envelopes many SAC curves, it is therefore also called _____


30) NABARD serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in ______


31) The EXIM bank does not perform one of the following functions:


32) NABARD is the most important institution in the Country Which looks after the development of the


33) Who of the following is not primarily a profit seeking institution?


34) The RBI has been vested with extensive power to control and supervise commercial banking system under which Act?


35) The Reserve Bank of India being the Central Bank of India performs all the central banking functions. Which one of the following is not the functions of RBI?


36) A Watch Company of Malaysia investing in a textile company in India is an example of -


37) Which one of the following is not the role of the Competition Commission of India?


38) _________ is a process in which the Resident of one Country acquires ownership of Financial Assets / Securities in another Country.


39) When was IRDAI constituted?


40) Which of the following statements is not true about FPI


41) A category of Facilitators, who operate to ease the doing of business -


42) Which Section of IRDAI Act, 1999 lays down the duties, powers and functions of IRDAI?


43) An example of Point of Contact (POC) Business Facilitators


44) SIDBI caters to the needs of -


45) SEBI, RBI and IRDA are:


46) Which of the following is not a function of SIDBI?


47) Who is the custodian of the nation?s foreign exchange reserves?


48) The subsidiary of SIDBI that enables faster realization of receivables by MSMEs


49) Which of the following statements about RBI is incorrect?


50) EXIM Bank acts as an apex Banking Institution in -


51) The RBI has been vested with extensive power to control and supervise commercial banking system under the -


52) EXIM Bank activities include -


53) A __________ emanates from decision and decision is taken in line with ______. Identify the right expression to in the blanks:


54) Which of the following is not a function of EXIM Bank?


55) For the discharge of its functions efficiently, SEBI has been vested with the following powers:


56) Provision of finance for agriculture is now handled by


57) What is the constitution of Competition Commission of India?


58) NABARD is a -


59) SEBI has several functions rolled into one body. Which one of the following is not the function of SEBI?


60) Which of the following is not correct about RBI?


61) Central Bank is one which constitutes the-


62) Which of the following is the monetary authority of a country?


63) The Industrial Finance Corporation of India (IFCI) was established in which year?


64) Identify which of these is not a function of the Central Bank.


65) Identify which of these is not a function of the Central Bank


66) Which of the following is not the function of RBI.


67) FDI in sectors / activities which do not require any prior approval either of the Government or the Reserve Bank of India is identified as:


68) Since when was IFCI been converted into a private limited company?


69) Which of the following statements about Central Bank is incorrect?


70) SEBI has to be responsive to the needs of groups, which constitute the market:


71) The currect CRR is -


72) Which one of the following statements is incorrect?


73) The currect SLR is-


74) Which of the following statements about IFCI is not true?


75) Which of the following is a quantitative measure of credit policy-


76) The method of FDI other than Automatic route is called:


77) Which of the following is a quantitative measure of credit policy -


78) Which of the following is a direct beneficiary of IFCI?


79) The rate of interest at which the RBI lends to Banks


80) FIPB stands for:


81) Bank Rate at 1% =


82) Which institution has been recently designated as a nodal agency for Scheme of Credit Enhancement Guarantee of Scheduled Caste entrepreneurs?


83) If current Bank Rate is 9% and RBI decreases it by 10 basis points, the New Rate will be


84) ________ is rate at which Banks borrow money from the RBI against pledging or sale of Government Securities to RBI.


85) ________ is the rate of interest offered by RBI, when Banks deposit their Surplus Funds with the RBI for short periods.


86) Which of the following, set up in 1990, is the Principal Financial Institution for the Promotion, Financing and development of the Micro, Small and Medium enterprise sector?


87) SEBI stands for -


88) Identify the sector where, FDI is not permitted:


89) Headquarter of SEBI is located at


90) Which among the following complaints not dealt by SEBI.


91) The Chairman of SEBI shall be appointed by the


92) SIDBI does not function as a Nodal / Implementing Agency to which ministry of the Government.


93) How many officials of RBI shall be members of the SEBI Board?


94) Duties of SEBI does not include -


95) Which bank took over the operations of the international finance wing of IDBI, and became the principal financial institution in the field of international trade in India?


96) Which of the following groups does not constitute the Securities Market?


97) SEBI has its Western Regional Office in:


98) SEBI?s functions are classified as -


99) Sale of 50% stake in a PSU to a single private sector company is an example of:


100) Appeal against SEBI?s Orders lies to the


101) Which of the given statements does not stand true for EXIM Bank?


102) Example of Secondary Market


103) Where is the headquarter of NABARD?


104) Power of SEBI under the SEBI Act.


105) Large number of SHGs have been linked to credit, resulting in an important Indian tool for microfinance, by the endeavour of:


106) Under the SCRA, the SEBI has power to


107) The regional office of SEBI is not located in :


108) The situation where products perform the same function and compete against each other is called -


109) FDI is allowed in :


110) _______ is the conflict between vendors whose products or services are not the same, but that could satisfy the same consumer need.


111) Which one of the following is an Indian regulatory body that facilitates business organizations?


112) IRDAI stands for -


113) _________ is an Indian Development Bank.


114) Which of the following statements is true? IRDAI comprises of -


115) FDI Limit in Insurance Sector is -


116) Which of the following is not an Indian Development Bank?


117) Which of the following is not a regulatory body:


118) SEBI was set up to regulate:


119) Which of the following is the banker's bank


120) Which of the following is not a method of credit control


121) BRICS stands for:


122) Which of the following a development bank:


123) Business facilitator is/are:


124) Which condition, or which is not true out of options about bank rate:


125) Which one of the following is the funding institution.


126) SIDBI includes small, micro or enterprise .


127) …………… represents the ratio of liquid assets of the banks to their deposit liabilities.


128) Which institution includes money market and forex market.


129) Permission to NRI to invest upto in high priority areas.


130) Which of these is a regulatory institution.


131) Which of the following persons organises shipments for the business firms to get goods from manufacturer to the market


132) He advises the business of various sources of finance.


133) _________ helps to create and grow young business by providing them necessary support


134) Fashion house obtains its supplies for his business. It is an example of


135) Issue of currency, custodian of foreign exchange reserves, Banker’s bank, all are the functions of


136) One percent is equal to __________ basis points


137) SLR and CRR are which type of measures of credit control


138) SEBI, Act come into force with effect from


139) Head Quarter of SEBI is at


140) SEBI drafts regulations in its


141) SEBI conducts investigation and enforcement action in its functions


142) ________ was enacted to prevent practices having an appreciable adverse effect on competition.


143) _________ is the apex statutory body which regulates and develops insurance industry in India


144) Ratio of cash to the total deposits that the banks are required to maintain on a daily Basis


145) Ratio representing liquid assets of bank to their deposit liabilities


146) _______ is the wholly owned subsidy of IDBI


147) Which of the following act as the principal financial institution in the field of international trade of India


148) NABARD stands for


149) Who was the regulatory body for controlling financial affairs in India before SEBI


150) Which of the following is not a development bank?


151) SEBI Function Consists of


152) Competition Commision of India is formed to


153) Which of the following body has been dissolved recently


154) Which of the following is not a function of RBI


155) IFSC has founded and developed


156) The first appeal of Securities Exchange Board of India


157) SEBI, RBI & IRDA are


158) Which of the following is the indicator of bank's liquidity ratio ?


159) Controller of capital issues was replaced by which of the following regulatory authority ?


160) Which of the following is not an objective of establishing the competition commission of India ?


161) SEBI was setup to regulate the :


162) Which of the following is not a regulatory body ?


163) Which of the following financial institution is known for dealing in SHG bank linkage program :


164) IRDAI full form :


165) How many members of SEBI should be from RBI ?


166) SEBI Act, 1992 was come in effect on :


167) SEBI, RBI and IRDAI are :


168) The competition commission of India was established on :


169) MRTP Act, 1969 stands replaced with the enforcement of the following Act :


170) Which of the following institution has a portfolio of Natural Resource management programs involving diverse fields like watershed development, tribal development etc. through dedicated funds set up for the purpose :


171) A company who organizes shipments for the business firm to get goods from the manufacture to final point of distribution is called as :