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B Com Exam  >  B Com Tests  >  Test: Stock Exchange in India - 2 - B Com MCQ

Test: Stock Exchange in India - 2 - B Com MCQ


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10 Questions MCQ Test - Test: Stock Exchange in India - 2

Test: Stock Exchange in India - 2 for B Com 2024 is part of B Com preparation. The Test: Stock Exchange in India - 2 questions and answers have been prepared according to the B Com exam syllabus.The Test: Stock Exchange in India - 2 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Stock Exchange in India - 2 below.
Solutions of Test: Stock Exchange in India - 2 questions in English are available as part of our course for B Com & Test: Stock Exchange in India - 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: Stock Exchange in India - 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: Stock Exchange in India - 2 - Question 1
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What is the primary function of a stock exchange?

Detailed Solution for Test: Stock Exchange in India - 2 - Question 1
The correct answer is Option C. The primary function of a stock exchange is to mobilize savings and make them available for investment. Stock exchanges provide a platform where individuals and institutions can buy and sell securities, allowing for the efficient allocation of capital and investment opportunities.
Test: Stock Exchange in India - 2 - Question 2
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Which of the following statements about the Multi Commodity Exchange (MCX) is true?

Detailed Solution for Test: Stock Exchange in India - 2 - Question 2
The correct answer is Option A. MCX primarily deals in hard commodities like precious metals (e.g., gold and silver), non-ferrous metals, energy commodities (e.g., crude oil and natural gas), and some agricultural commodities. It is not headquartered in Chennai; its main office is in Mumbai. The Forward Markets Commission (FMC) merged with the Securities and Exchange Board of India (SEBI) in 2015, making SEBI the regulatory authority for MCX.
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Test: Stock Exchange in India - 2 - Question 3
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What is the primary role of the Trading and Surveillance department in MCX?

Detailed Solution for Test: Stock Exchange in India - 2 - Question 3
The correct answer is Option B. The primary role of the Trading and Surveillance department in MCX is to monitor and execute orders in real-time. It ensures that trading activities on the exchange are conducted smoothly, and it tracks market movements and order execution to maintain market integrity.
Test: Stock Exchange in India - 2 - Question 4
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Which category of membership is NOT mentioned as part of MCX membership options?
Detailed Solution for Test: Stock Exchange in India - 2 - Question 4
The correct answer is Option C. The text does not mention individual investors as a category of membership in MCX. The other options represent different types of membership available on MCX.
Test: Stock Exchange in India - 2 - Question 5
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What is the main objective of the Securities Exchange Board of India (SEBI)?
Detailed Solution for Test: Stock Exchange in India - 2 - Question 5
The correct answer is Option C. The main objective of SEBI is to protect the rights of investors and ensure the safety of their investments in financial markets. SEBI regulates various aspects of the securities and commodity markets in India to promote fairness, transparency, and investor confidence.
Test: Stock Exchange in India - 2 - Question 6
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What types of commodities are primarily traded on MCX?
Detailed Solution for Test: Stock Exchange in India - 2 - Question 6
The correct answer is Option B. MCX primarily offers futures trading in commodities, including precious metals (e.g., gold and silver), base metals (e.g., copper and aluminum), energy commodities (e.g., crude oil and natural gas), and agricultural commodities (e.g., cotton and cardamom).
Test: Stock Exchange in India - 2 - Question 7
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What is the primary role of the Clearing and Settlement department in MCX?
Detailed Solution for Test: Stock Exchange in India - 2 - Question 7
The correct answer is Option C. The primary role of the Clearing and Settlement department in MCX is to manage the clearing and settlement of transactions. This department ensures that contracts are settled correctly, margins are maintained, and delivery obligations are met.
Test: Stock Exchange in India - 2 - Question 8
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What does MCX primarily offer futures trading in?
Detailed Solution for Test: Stock Exchange in India - 2 - Question 8
The correct answer is Option B. MCX primarily offers futures trading in commodities such as precious metals (e.g., gold and silver) and energy commodities (e.g., crude oil and natural gas). While it includes agricultural commodities, it is not limited to them.
Test: Stock Exchange in India - 2 - Question 9
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What is the main purpose of a stock exchange?
Detailed Solution for Test: Stock Exchange in India - 2 - Question 9
The correct answer is Option C. The main purpose of a stock exchange is to mobilize savings and make them available for investment. Stock exchanges provide a platform for buying and selling securities, allowing individuals and institutions to invest their savings in various financial instruments.
Test: Stock Exchange in India - 2 - Question 10
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Which department in MCX is responsible for facilitating the delivery of commodities?
Detailed Solution for Test: Stock Exchange in India - 2 - Question 10
The correct answer is Option C. The Delivery and Warehousing department in MCX is responsible for facilitating the delivery of commodities. This department handles the storage and delivery of physical commodities associated with futures contracts on the exchange.
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