Daily Subject wise Quiz Day 60 Economy X ( Online Prelims Test)

1) Consider the following statements with respect to Securities and Exchange Board of India (SEBI)

1. It protect the Interest of Investors in securities and to promote and regulate the securities market. 
2. The chairman of SEBI is nominated by the Union Government of India and officers from the Union Finance Ministry are members of SEBI.

Which of the above statements is/are correct? 

2) Which of the following are correct about Commercial Paper (CP) ?

1. It is an unsecured loan raised by firms in money markets through instruments issued in the form of a promissory note.
2. It can be issued only by All-India Financial Institutions (FIs).

Select the correct answers using the codes given below

3) Which of the following are correct about fixed overhead costs

1. It do not vary with output, it is easy to predict and they do not change substantially.
2. Materials handling wages and Shipping of the product are examples of Fixed overhead costs.

Select the correct answers using the codes given below

4) Which of the following are correct about Certificate of Deposits?

1. It is issued in a dematerialized form or as a Promissory Note, for funds deposited at a bank.
2. Select pan India financial institutions that have been permitted by RBI to raise such loan.

Select the correct answers using the codes given below

5) Consider the following statements with respect to Financial Market

1. Market dealing with the exchange of liquid assets (money) is called a financial market.
2. In a foreign exchange market, one party exchanges one country’s currency with an equivalent quantity of another currency.

Which of the above statements is/are correct?