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B Com Exam  >  B Com Tests  >  Test: Institutional Financing in India - B Com MCQ

Test: Institutional Financing in India - B Com MCQ


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10 Questions MCQ Test - Test: Institutional Financing in India

Test: Institutional Financing in India for B Com 2024 is part of B Com preparation. The Test: Institutional Financing in India questions and answers have been prepared according to the B Com exam syllabus.The Test: Institutional Financing in India MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Institutional Financing in India below.
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Test: Institutional Financing in India - Question 1
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Which institution was established in February 1964 under the Unit Trust of India Act, 1963?

Detailed Solution for Test: Institutional Financing in India - Question 1
Unit Trust of India (UTI) was established in February 1964 under the Unit Trust of India Act, 1963.
Test: Institutional Financing in India - Question 2
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What is one of the attractions of investing in UTI?

Detailed Solution for Test: Institutional Financing in India - Question 2
One of the attractions of investing in UTI is that it has an income-tax rebate and the income from UTI is exempted from income-tax subject to certain limits.
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Test: Institutional Financing in India - Question 3
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What are the primary objectives of UTI?

Detailed Solution for Test: Institutional Financing in India - Question 3
The primary objectives of UTI are to encourage and pool the savings of the middle and low income groups and to enable them to share the benefits and prosperity of the industrial development in the country.
Test: Institutional Financing in India - Question 4
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How is UTI managed?
Detailed Solution for Test: Institutional Financing in India - Question 4
UTI is managed by a Board of Trustees, consisting of a chairman and four members nominated by Reserve Bank of India, one member nominated by LIC, one member nominated by the State Bank of India, and two members elected by the contributing institutions.
Test: Institutional Financing in India - Question 5
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What are the functions of UTI?
Detailed Solution for Test: Institutional Financing in India - Question 5
The functions of UTI include accepting discount, purchase or sell bills of exchange, promissory note, bill of lading, warehouse receipt, documents of title to goods, granting loans and advances, providing merchant banking and investment advisory services, providing leasing and hire purchase business, and more.
Test: Institutional Financing in India - Question 6
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Which scheme of UTI was introduced in 1964?
Detailed Solution for Test: Institutional Financing in India - Question 6
The Unit scheme—1964 was one of the familiar schemes introduced by UTI in 1964.
Test: Institutional Financing in India - Question 7
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What are the advantages of investing in Unit Trust?
Detailed Solution for Test: Institutional Financing in India - Question 7
The advantages of investing in Unit Trust include the safety of investment, risk spread over a wide range of securities, regular and good income for Unit-holders, and high liquidity of investment as units can be sold back to the trust at any time at prices fixed by trust.
Test: Institutional Financing in India - Question 8
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When was the Life Insurance Corporation of India (LIC) established?
Detailed Solution for Test: Institutional Financing in India - Question 8
The Life Insurance Corporation of India (LIC) was established in 1956.
Test: Institutional Financing in India - Question 9
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What is one of the main features of LIC?
Detailed Solution for Test: Institutional Financing in India - Question 9
One of the main features of LIC is that it promotes and mobilizes saving in the country. It spreads the message of life insurance and encourages people to save through LIC policies.
Test: Institutional Financing in India - Question 10
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How does LIC function as a term financing institution?
Detailed Solution for Test: Institutional Financing in India - Question 10
LIC functions as a term financing institution by investing its funds in government securities. It is required to invest at least 50% of its accruals in the form of premium income in government and other approved securities.
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