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B Com Exam  >  B Com Test  >  Interdisciplinary Issues in Indian Commerce  >  Test: Stock Exchange in India - 2 - B Com MCQ

Stock Exchange in India - 2 - Free MCQ Practice Test with solutions, B


MCQ Practice Test & Solutions: Test: Stock Exchange in India - 2 (10 Questions)

You can prepare effectively for B Com Interdisciplinary Issues in Indian Commerce with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: Stock Exchange in India - 2". These 10 questions have been designed by the experts with the latest curriculum of B Com 2026, to help you master the concept.

Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 10 minutes
  • - Number of Questions: 10

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Test: Stock Exchange in India - 2 - Question 1
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What is the primary function of a stock exchange?

Detailed Solution: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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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About this B Com Practice Test

This test contains 10 MCQs on Stock Exchange in India - 2 with detailed solutions for each question. It is part of the Interdisciplinary Issues in Indian Commerce course on EduRev, designed to align with the current B Com syllabus. Each solution explains not just the correct answer but also gives you an understanding of the topic — not just to attempt the question but also help you prepare for the exam with practice.

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