McqMate
Chapters
| 1. |
Which of the following is the regulator of Money market? |
| A. | Reserve Bank of India |
| B. | Government of India |
| C. | Telecom Regularity Authority |
| D. | Insurance Regularity Department |
| Answer» A. Reserve Bank of India | |
| 2. |
What is Call Money? |
| A. | It is an overnight loan in the Money Market |
| B. | It is loan of above1 day to 14 days in the money market |
| C. | It is loan of above14 day to 364 days in the money market |
| D. | It is an amount charged on ISD |
| Answer» A. It is an overnight loan in the Money Market | |
| 3. |
What is Notice Money? |
| A. | It is an overnight loan in the Money Market |
| B. | It is loan of above1 day to 14 days in the money market |
| C. | It is loan of above14 day to 364 days in the money market |
| D. | It is an amount charged on ISD |
| Answer» B. It is loan of above1 day to 14 days in the money market | |
| 4. |
What is Term Money? |
| A. | It is an overnight loan in the Money Market |
| B. | It is loan of above1 day to 14 days in the money market |
| C. | It is loan of above14 day to 364 days in the money market |
| D. | It is a loan provided on certain terms and conditions by Bank to its customer |
| Answer» C. It is loan of above14 day to 364 days in the money market | |
| 5. |
Which of the following is not related with Money Market? |
| A. | Treasury Bills |
| B. | Commercial Bills |
| C. | Certificates of Deposit |
| D. | Shares |
| Answer» D. Shares | |
| 6. |
Which of the following is related with Money Market? |
| A. | Treasury Bills |
| B. | Commercial money |
| C. | Cheque |
| D. | Shares |
| Answer» A. Treasury Bills | |
| 7. |
Which of the following statement is true about Commercial Paper? |
| A. | It is traded in the money market |
| B. | It is a promissory note |
| C. | It was introduced in 1990 |
| D. | It is a secure Instrument |
| Answer» C. It was introduced in 1990 | |
| 8. |
Which of the following statement is true about Certificates of Deposits? |
| A. | It is secure instrument in comparison of Commercial Paper |
| B. | It is a promissory note |
| C. | It is traded in Capital Market |
| D. | It was introduced in 1990 |
| Answer» A. It is secure instrument in comparison of Commercial Paper | |
| 9. |
Which of the following statement is false about Treasury Bills? |
| A. | It is a secure Instrument |
| B. | It is a promissory note |
| C. | It is issued by government |
| D. | It is issued maximum for maturity of 1 year |
| Answer» D. It is issued maximum for maturity of 1 year | |
| 10. |
Which of the following statement is true about Commercial Bill? |
| A. | It is a promissory note |
| B. | It is a bill of Exchange |
| C. | It is a trade Bill |
| D. | It is issued by RBI |
| Answer» C. It is a trade Bill | |
| 11. |
Which of the following statement is related to dated Securities? |
| A. | It is a secure Instrument |
| B. | It is issued by government |
| C. | It acknowledge the debt by the government |
| D. | The date of maturity is mentioned on the certificate |
| Answer» D. The date of maturity is mentioned on the certificate | |
| 12. |
What is the minimum amount at which Commercial Paper can be issued? |
| A. | The minimum amount for Commercial Papers is 5 lakhs. |
| B. | The minimum amount for Commercial Papers is 5 Crores. |
| C. | The minimum amount for Commercial Papers is 1 lakh. |
| D. | The minimum amount for Commercial Papers is 1 Crore. |
| Answer» A. The minimum amount for Commercial Papers is 5 lakhs. | |
| 13. |
What is the maximum and minimum maturity of Certificate of Deposit issued by financial Institutions? |
| A. | Certificate of deposit issued by financial Institutions are for 1 year to 3 years. |
| B. | Certificate of deposit issued by financial Institutions are for 7 days to 364 days. |
| C. | Certificate of deposit issued by financial Institutions are for 15 days to 90 days. |
| D. | None of these. |
| Answer» B. Certificate of deposit issued by financial Institutions are for 7 days to 364 days. | |
| 14. |
What is the minimum amount at which Certificate of Deposit can be issued? |
| A. | The minimum amount for Commercial Papers is 5 lakhs. |
| B. | The minimum amount for Commercial Papers is 5 Crores. |
| C. | The minimum amount for Commercial Papers is 1 lakh. |
| D. | The minimum amount for Commercial Papers is 1 Crore. |
| Answer» C. The minimum amount for Commercial Papers is 1 lakh. | |
| 15. |
Which of the following is considered to be more secure instrument? |
| A. | Cheque |
| B. | Draft |
| C. | Commercial Paper |
| D. | Hundi |
| Answer» B. Draft | |
| 16. |
What is the maximum validity of a cheque? |
| A. | 90 days |
| B. | 30 days |
| C. | 60 days |
| D. | 180 days |
| Answer» A. 90 days | |
| 17. |
Which is not a type of cheque? |
| A. | Mutilated Cheque |
| B. | Stale Cheque |
| C. | Crossed Cheque |
| D. | Promissory Cheque |
| Answer» D. Promissory Cheque | |
| 18. |
Which is a type of crossing in a cheque? |
| A. | Negotiable Crossing |
| B. | Special Crossing |
| C. | Level Crossing |
| D. | Named Crossing |
| Answer» B. Special Crossing | |
| 19. |
Which of the following act defines a Cheque? |
| A. | RBI Act 1934 |
| B. | Negotiable Instrument Act 1881 |
| C. | Banking Regulation Act 1949 |
| D. | Companies Act 2013 |
| Answer» B. Negotiable Instrument Act 1881 | |
| 20. |
Commercial Bill is a type of_____. |
| A. | Promissory Note |
| B. | Cheque |
| C. | Stamp |
| D. | Bill of exchange |
| Answer» D. Bill of exchange | |
| 21. |
Which among the following is/are correct regarding Money Market? |
| A. | Money Market is a market for short-term funds. |
| B. | Maturity in this market ranging from overnight to one year. |
| C. | The basic function of money market is to provide efficient liquidity position for commercial banks, financial institution, Mutual funds, insurance companies, corporate etc. |
| D. | Maturity in this market is above one year. |
| Answer» B. Maturity in this market ranging from overnight to one year. | |
| 22. |
Which among the following is/are correct regarding Call Money? |
| A. | It is the money lent/borrowed for maximum period of 14 days |
| B. | No Collateral is required in Call Money transaction |
| C. | It is the money lent/borrowed for maximum period of 30 days |
| D. | Banks borrow primarily from the inter-bank (call money) market |
| Answer» A. It is the money lent/borrowed for maximum period of 14 days | |
| 23. |
What is the maximum duration for which term money can be lent/borrowed in money market? |
| A. | 1 day |
| B. | 15 days |
| C. | 30 days |
| D. | 1 year |
| Answer» D. 1 year | |
| 24. |
What is the minimum duration for which term money can be lent/borrowed in money market? |
| A. | 1 day |
| B. | 15 days |
| C. | 30 days |
| D. | 1 year |
| Answer» B. 15 days | |
| 25. |
How many Scheduled Commercial Banks are there in India? |
| A. | 81 |
| B. | 89 |
| C. | 93 |
| D. | 97 |
| Answer» C. 93 | |
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