Financial services-Quiz to check your knowledge!
Financial Services is a very important vertical of financial system. To deal with various participants of Financial system, it is important to know about different financial services provided by these participants. In a country like India this Industry is in growing stage and it is high growth potential area.
In general words, it can be understood as mobilisation and allocation of surplus funds.A well developed financial services industry is absolutely necessary to mobilize the savings and to allocate them to various investable channels and thereby to promote industrial development in a country.
Here is a quiz to check your knowledge in financial service!
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Question 1 of 10
1. Question1 points
Which of the following is not an component of financial system?Correct
Taxation department is not a part of financial sytem.Incorrect
Question 2 of 10
2. Question1 points
Which of the following instruments is used by public to directly lend to the Government?Correct
PPF is the instrument which is used by public to directly lend to the Government.Incorrect
Question 3 of 10
3. Question1 points
Which of the following means buying the control of a sick company.Correct
Buying control of sick company is known as turn arroundIncorrect
Question 4 of 10
4. Question1 points
Inter-bank call money refers to borrowing among banks forCorrect
Inter-bank call money refers to borrowing among banks for overnight.Incorrect
Question 5 of 10
5. Question1 points
A scheduled commercial bank is oneCorrect
A scheduled commercial bank is one which is included in the Second Schedule of the RBI Act,1934.Incorrect
Question 6 of 10
6. Question1 points
Hedging of risks by usingCorrect
Swaps are derivatives are used for hedging of risks.Incorrect
Question 7 of 10
7. Question1 points
What is the CRR currently prescribed by RBI ?Correct
Current CRR is 4%.Incorrect
Question 8 of 10
8. Question1 points
Commercial Bills market is a part ofCorrect
Commercial Bills market is a part of organisewd money market.Incorrect
Question 9 of 10
9. Question1 points
Which of the following is not a traditional financial services?Correct
Apart from all, option one is considered as modern financial services.Incorrect
Question 10 of 10
10. Question1 points
Which of the followingÂ is a fund based financial service, provides resources of finance receivable as well as facilities the collection of receivables?Correct
Factoring is a fund based financial service, provides resources of finance receivable as well as facilities the collection of receivables.Incorrect