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B Com Exam  >  B Com Tests  >  Financial Markets and Institutions  >  Test: Financial Services - 1 - B Com MCQ

Test: Financial Services - 1 - B Com MCQ


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10 Questions MCQ Test Financial Markets and Institutions - Test: Financial Services - 1

Test: Financial Services - 1 for B Com 2024 is part of Financial Markets and Institutions preparation. The Test: Financial Services - 1 questions and answers have been prepared according to the B Com exam syllabus.The Test: Financial Services - 1 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Financial Services - 1 below.
Solutions of Test: Financial Services - 1 questions in English are available as part of our Financial Markets and Institutions for B Com & Test: Financial Services - 1 solutions in Hindi for Financial Markets and Institutions course. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free. Attempt Test: Financial Services - 1 | 10 questions in 10 minutes | Mock test for B Com preparation | Free important questions MCQ to study Financial Markets and Institutions for B Com Exam | Download free PDF with solutions
Test: Financial Services - 1 - Question 1
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What is the primary characteristic of financial services mentioned in the text?

Detailed Solution for Test: Financial Services - 1 - Question 1
Financial services are described as intangible in the text, meaning they cannot be touched or physically held. This intangibility is one of the primary characteristics of financial services.
Test: Financial Services - 1 - Question 2
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Which type of financial service involves services provided to corporate institutions that can be directly or indirectly converted into retail services?

Detailed Solution for Test: Financial Services - 1 - Question 2
Wholesale services involve services provided to corporate institutions that may be directly or indirectly converted into retail services. This means they serve as a link between large-scale corporate clients and the ultimate retail customers.
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Test: Financial Services - 1 - Question 3
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Which of the following is NOT considered a fund-based financial service?

Detailed Solution for Test: Financial Services - 1 - Question 3
Credit rating is not a fund-based financial service; instead, it falls under the category of fee-based services. It involves providing creditworthiness assessments to individuals and businesses.
Test: Financial Services - 1 - Question 4
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Which type of lease is often referred to as a service lease and does not transfer the risks and rewards of ownership to the lessee?
Detailed Solution for Test: Financial Services - 1 - Question 4
An operating lease is often referred to as a service lease, and it does not transfer the risks and rewards of ownership to the lessee. It is a shorter-term lease where the lessor retains ownership of the asset.
Test: Financial Services - 1 - Question 5
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What is the primary focus of the Udyami Mitra portal launched by the Small Industries Development Bank of India (SIDBI)?
Detailed Solution for Test: Financial Services - 1 - Question 5
The primary focus of the Udyami Mitra portal is to enhance credit availability to Micro, Small, and Medium Enterprises (MSMEs) in India. It aims to provide easier access to finance for these enterprises.
Test: Financial Services - 1 - Question 6
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What is the main advantage of finance lease mentioned in the text for the lessor?
Detailed Solution for Test: Financial Services - 1 - Question 6
The main advantage of finance lease for the lessor is assured regular income. This means that the lessor receives consistent lease rental payments during the lease period, providing financial stability.
Test: Financial Services - 1 - Question 7
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What is the main objective of the 'Bharat 22' exchange-traded fund (ETF) launched by the Government of India?
Detailed Solution for Test: Financial Services - 1 - Question 7
The main objective of the 'Bharat 22' exchange-traded fund (ETF) is to divest shares in public sector enterprises. It aims to sell government holdings in various public sector companies.
Test: Financial Services - 1 - Question 8
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What is the estimated growth rate of India's mobile wallet industry by 2022, as mentioned in the text?
Detailed Solution for Test: Financial Services - 1 - Question 8
The text mentions that India's mobile wallet industry is estimated to grow at a Compound Annual Growth Rate (CAGR) of 150% by 2022, reaching US$ 4.4 billion.
Test: Financial Services - 1 - Question 9
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What type of financial service is focused on rendering project advisory services and managing the portfolio of large public sector corporations?
Detailed Solution for Test: Financial Services - 1 - Question 9
Modern activities in the financial services sector include rendering project advisory services, managing the portfolio of large public sector corporations, and undertaking risk management services. These services are forward-looking and encompass various financial activities.
Test: Financial Services - 1 - Question 10
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What is the main purpose of the Operation Clean Money Portal launched by the Ministry of Finance?
Detailed Solution for Test: Financial Services - 1 - Question 10
The main purpose of the Operation Clean Money Portal is to ensure tax compliance and transparency. It aims to create a tax-compliant society and transparent tax administration.
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