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Indian Capital Financial Markets – 1 – 2

6. Which body in India does the regulation of Insurance Sector ?

(a) DFHI
(b) CII
(c) SEBI
(d) 
IRDA

ANSWER

EXPLANATION

7. What is ‘NIKKEI’ ?

(a) Share Price Index of Tokyo Share Market
(b) Name of Japanese Central Bank
(c) Japanese name of country’s planning commission
(d) 
Foreign exchange market of Japan

ANSWER

EXPLANATION

8. For regulation of insurance trade in the country the Government has formed :

(a) SEBI
(b) RBI
(c) IRDA
(d) 
GIC

ANSWER

EXPLANATION

9. In the context of Indian economy, ‘Open Market Operations’ refers to :

(a) borrowing by scheduled banks from the RBI
(b) lending by commercial banks to industry and trade
(c) purchase and sale of government securities by the RBI
(d) 
None of the above

ANSWER

EXPLANATION

10. Tarapore committee submitted its report on ‘Full Convertibility on Rupee’ in :

(a) Current account
(b) Capital account
(c) Both a and b
(d) 
Special drawing Rights (SDR)

ANSWER

EXPLANATION

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