All Courses
Get the App Signup / Login
Sign in Open App
B Com Exam  >  B Com Tests  >  Test: Introduction to Indian Financial System - 2 - B Com MCQ

Test: Introduction to Indian Financial System - 2 - B Com MCQ


Test Description

10 Questions MCQ Test - Test: Introduction to Indian Financial System - 2

Test: Introduction to Indian Financial System - 2 for B Com 2024 is part of B Com preparation. The Test: Introduction to Indian Financial System - 2 questions and answers have been prepared according to the B Com exam syllabus.The Test: Introduction to Indian Financial System - 2 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Introduction to Indian Financial System - 2 below.
Solutions of Test: Introduction to Indian Financial System - 2 questions in English are available as part of our course for B Com & Test: Introduction to Indian Financial System - 2 solutions in Hindi for B Com course. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free. Attempt Test: Introduction to Indian Financial System - 2 | 10 questions in 10 minutes | Mock test for B Com preparation | Free important questions MCQ to study for B Com Exam | Download free PDF with solutions
Test: Introduction to Indian Financial System - 2 - Question 1
Save

What is the primary function of the financial system?

Detailed Solution for Test: Introduction to Indian Financial System - 2 - Question 1
The primary function of the financial system is to allocate and mobilize savings. It facilitates the flow of funds from savers to investors, which helps in the creation of wealth and economic development.
Test: Introduction to Indian Financial System - 2 - Question 2
Save

Which financial institution collects money from individuals and invests it in financial assets?

Detailed Solution for Test: Introduction to Indian Financial System - 2 - Question 2
A mutual fund company is a financial institution that collects money from individuals and invests it in financial assets such as stocks, bonds, and other securities. It provides individuals with the opportunity to invest in a diversified portfolio managed by professionals.
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Introduction to Indian Financial System - 2 - Question 3
Save

What is the role of financial markets?

Detailed Solution for Test: Introduction to Indian Financial System - 2 - Question 3
Financial markets facilitate the trading of assets such as stocks, bonds, currencies, and other financial instruments. They provide a platform for buyers and sellers to participate in transactions and ensure liquidity and efficiency in the financial system.
Test: Introduction to Indian Financial System - 2 - Question 4
Save
Which regulatory body is responsible for regulating the securities market in India?
Detailed Solution for Test: Introduction to Indian Financial System - 2 - Question 4
The Securities and Exchange Board of India (SEBI) is the regulatory body responsible for regulating the securities market in India. It ensures fair practices, investor protection, and the development of the securities market.
Test: Introduction to Indian Financial System - 2 - Question 5
Save
What is the purpose of the Insurance Regulatory and Development Authority (IRDA) in India?
Detailed Solution for Test: Introduction to Indian Financial System - 2 - Question 5
The Insurance Regulatory and Development Authority (IRDA) is responsible for regulating the insurance industry in India. It aims to protect the interests of policyholders, ensure the orderly growth of the industry, and promote fair practices.
Test: Introduction to Indian Financial System - 2 - Question 6
Save
Which financial service helps in the allocation of risk?
Detailed Solution for Test: Introduction to Indian Financial System - 2 - Question 6
Insurance is a financial service that helps in the allocation of risk. It provides individuals and businesses with protection against various risks such as accidents, health-related issues, and property damage.
Test: Introduction to Indian Financial System - 2 - Question 7
Save
What is the function of financial intermediaries in the Indian financial system?
Detailed Solution for Test: Introduction to Indian Financial System - 2 - Question 7
Financial intermediaries in the Indian financial system, such as commercial banks, collect money deposits from the public and use that money to advance loans to individuals and corporate customers. They play a crucial role in mobilizing and allocating funds.
Test: Introduction to Indian Financial System - 2 - Question 8
Save
What is the role of the Reserve Bank of India (RBI) in the financial system?
Detailed Solution for Test: Introduction to Indian Financial System - 2 - Question 8
The Reserve Bank of India (RBI) is the central bank of India and acts as the apex monetary authority. It regulates the banking system, formulates monetary policies, and ensures the stability of the financial system.
Test: Introduction to Indian Financial System - 2 - Question 9
Save
What is the main objective of the Forward Markets Commission (FMC) in India?
Detailed Solution for Test: Introduction to Indian Financial System - 2 - Question 9
The main objective of the Forward Markets Commission (FMC) in India is to regulate commodity trading. It oversees commodity exchanges and ensures fair practices and transparency in the trading of commodities.
Test: Introduction to Indian Financial System - 2 - Question 10
Save
How does the financial system contribute to economic development?
Detailed Solution for Test: Introduction to Indian Financial System - 2 - Question 10
The financial system contributes to economic development by linking savings with investments. It channels the savings of individuals into productive investments, which helps in wealth creation, job creation, and overall economic growth.
Information about Test: Introduction to Indian Financial System - 2 Page
In this test you can find the Exam questions for Test: Introduction to Indian Financial System - 2 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Introduction to Indian Financial System - 2, EduRev gives you an ample number of Online tests for practice
Download as PDF

Important Questions for Introduction to Indian Financial System - 2

Find all the important questions for Introduction to Indian Financial System - 2 at EduRev.Get fully prepared for Introduction to Indian Financial System - 2 with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Introduction to Indian Financial System - 2 syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Introduction to Indian Financial System - 2 resources.

Introduction to Indian Financial System - 2 MCQs with Answers

Prepare for the Introduction to Indian Financial System - 2 within the B Com exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Introduction to Indian Financial System - 2

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Introduction to Indian Financial System - 2 with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup