McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 151. |
Which of these DFI was primarily set up for the development of the Micro, Small and Medium Enterprise (MSME) sector? |
| A. | NABARD |
| B. | IDBI |
| C. | SIDBI |
| D. | IFCI |
| Answer» C. SIDBI | |
| 152. |
When was the Industrial Finance Corporation of India setup in India? |
| A. | 1945 |
| B. | 1948 |
| C. | 1951 |
| D. | 1991 |
| Answer» B. 1948 | |
| 153. |
Co-operative development bank was set up by |
| A. | NABARD |
| B. | RBI |
| C. | SBI |
| D. | central Govt. |
| Answer» A. NABARD | |
| 154. |
The Unit Trust of India (UTI) was set up in …….. |
| A. | 1935 |
| B. | 1980 |
| C. | 1956 |
| D. | 1964 |
| Answer» D. 1964 | |
| 155. |
Which one of the following is the main objective of Unit Trust of India? |
| A. | To mobilize the savings of high income groups. |
| B. | To mobilize the savings to low and high income groups. |
| C. | To mobilize the savings of corporates. |
| D. | To mobilize the savings of low and middle income groups |
| Answer» D. To mobilize the savings of low and middle income groups | |
| 156. |
Which one of the following is not used to estimate cost of equity capital? |
| A. | External yield criterion |
| B. | Dividend plus growth rate |
| C. | Equity capitalisation approach |
| D. | Capital asset pricing model |
| Answer» A. External yield criterion | |
| 157. |
Which one of the following is the largest mutual fund organisation in India? |
| A. | SBI Mutual Fund |
| B. | Ind Bank Mutual Fund |
| C. | Unit Trust of India |
| D. | GIC Mutual Fund |
| Answer» C. Unit Trust of India | |
| 158. |
In which of the following cities is the headquarters of the Unit Trust of India located? |
| A. | Kolkata |
| B. | Mumbai |
| C. | New Delhi |
| D. | Chennai |
| Answer» B. Mumbai | |
| 159. |
Which of the following public sector banks has the largest number of loss making branches? |
| A. | United Bank of India |
| B. | Syndicate Bank |
| C. | State Bank of India |
| D. | Indian Bank |
| Answer» B. Syndicate Bank | |
| 160. |
Which of the following is not the name of an Insurance Scheme launched by the Government of India? |
| A. | Janashree Bima Yojana |
| B. | Krishi Shramik Sarnajik Suraksha Yojana |
| C. | Shiksha Sahyog Yojana |
| D. | Varsha Bima Yojana |
| Answer» D. Varsha Bima Yojana | |
| 161. |
The Life Insurance Corporation of India has how many Zonal offices in India? |
| A. | Five |
| B. | Eight |
| C. | Ten |
| D. | Fifteen |
| Answer» B. Eight | |
| 162. |
The punch line of the advertisement of which of the following organization is “Jindagi ke sath bhi Jindagi ke bad bhi”? |
| A. | New India Assurance |
| B. | General Insurance Corporation |
| C. | ICICI Prudential |
| D. | Life Insurance Corporation Of India |
| Answer» D. Life Insurance Corporation Of India | |
| 163. |
The legislation to regulate insurance business in India was passed in which year? |
| A. | 1976 |
| B. | 1912 |
| C. | 1818 |
| D. | 1945 |
| Answer» B. 1912 | |
| 164. |
The Hindustan Co-operative Insurance Company was set up in the year 1907 in which city? |
| A. | Delhi |
| B. | Bombay |
| C. | Madras |
| D. | Calcutta |
| Answer» D. Calcutta | |
| 165. |
Which type of insurance usually requires higher premium? |
| A. | Broad Form insurance |
| B. | Whole life insurance |
| C. | Health insurance |
| D. | Term insurance |
| Answer» A. Broad Form insurance | |
| 166. |
Limit of FDI in Insurance sector: |
| A. | 47% |
| B. | 50% |
| C. | 49% |
| D. | 51% |
| Answer» C. 49% | |
| 167. |
In which year was the Life Insurance Corporation of India formed? |
| A. | 1956 |
| B. | 1960 |
| C. | 1948 |
| D. | 1962 |
| Answer» A. 1956 | |
| 168. |
Which of the following statements about The Employees’ Provident Funds and (Miscellaneous Provisions) Act are true?
|
| A. | A, B & D |
| B. | A & C |
| C. | A, C & D |
| D. | B, C & D |
| Answer» A. A, B & D | |
| 169. |
What is the present wage limit to be eligible to be covered under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952? |
| A. | Rs. 12,500 |
| B. | Rs. 15,000 |
| C. | Rs. 6,500 |
| D. | Rs. 6,000 |
| Answer» B. Rs. 15,000 | |
| 170. |
The chairman and members of Central Board constituted under Employees Provident Fund are appointed by |
| A. | Supreme Court |
| B. | State Government |
| C. | Central Government |
| D. | None of the above |
| Answer» C. Central Government | |
| 171. |
Under this act, how many members are appointed by the Central Government in Central Board representing employees in the establishments to which the Scheme applies |
| A. | 5 |
| B. | 10 |
| C. | 12 |
| D. | 20 |
| Answer» B. 10 | |
| 172. |
An employer who contravenes or makes default in complying with the provisions of section 6 of this act, shall be punishable with imprisonment for a term which may extend to _____ years. |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 5 |
| Answer» C. 3 | |
| 173. |
The term “Appropriate Government” is defined in which section of the PF Act? |
| A. | Section 2(a) |
| B. | Section 2 (b) |
| C. | Section 2 |
| Answer» A. Section 2(a) | |
| 174. |
The pension plan in which the benefits of pension is paid by both parties involved , such as employers and employees is classified as |
| A. | Non- discretionary plan |
| B. | Discretionary plan |
| C. | Contributory plan |
| D. | Non – Contributory plan |
| Answer» C. Contributory plan | |
| 175. |
The type of pension plan in which all the benefits of pension are provided by the employer of the organization employees is classified as |
| A. | Non- discretionary plan |
| B. | Discretionary plan |
| C. | Contributory plan |
| D. | Non – Contributory plan |
| Answer» D. Non – Contributory plan | |
| 176. |
Section 2(aa) of the PF act defines the term …………… |
| A. | Basic Wages |
| B. | Authorised Officer |
| C. | Government |
| D. | None of these |
| Answer» B. Authorised Officer | |
| 177. |
Bonus is part of Basic Wages as defined in the respective section in the PF Act. |
| A. | True |
| B. | False |
| C. | none |
| D. | none |
| Answer» B. False | |
| 178. |
Section 2(d) of the Provident Fund Act defines ……… |
| A. | Hazardous Process |
| B. | Employee |
| C. | Employment |
| D. | Controlled Industry |
| Answer» D. Controlled Industry | |
| 179. |
The term “Employer” is defined in the section ……….. of the PF Act. |
| A. | 2(e) |
| B. | 2(g) |
| C. | 2(f) |
| D. | 2(m) |
| Answer» A. 2(e) | |
| 180. |
Can an agent, of the owner of a factory, be termed as an employer? |
| A. | Yes |
| B. | No |
| C. | none |
| D. | none |
| Answer» A. Yes | |
| 181. |
The term “Exempted Employee” is defined under section ……. of the PF Act, 1952. |
| A. | 2 (gg) |
| B. | 2(hh) |
| C. | 2(ff) |
| D. | 2(cc) |
| Answer» C. 2(ff) | |
| 182. |
Section 2(g) of the PF Act defines ……………… |
| A. | Non-Exemption |
| B. | Exemption |
| C. | Factory |
| D. | Exempted Job |
| Answer» C. Factory | |
| 183. |
Under the PF Act, 1952 “Insurance Fund” means …………… |
| A. | Unit Linked Insurance Plan |
| B. | Deposit Linked Insurance Fund |
| C. | Employees’ Group Accident Insurance |
| D. | Medical Insurance Fund |
| Answer» B. Deposit Linked Insurance Fund | |
| 184. |
Under this act, how many members are appointed by the Central Government in Central Board representing employees in the establishments to which the Scheme applies |
| A. | 15 |
| B. | 10 |
| C. | 12 |
| D. | 20 |
| Answer» B. 10 | |
| 185. |
The contribution which shall be paid by the employer to the Fund shall be |
| A. | 5% |
| B. | 7% |
| C. | 12% |
| D. | 10% |
| Answer» C. 12% | |
| 186. |
This Act shall not apply to any establishment registered under the Co-operative Societies Act, 1912 (2 of 1912), employing less than ------- persons and working without the aid of power. |
| A. | 100 |
| B. | 70 |
| C. | 50 |
| D. | 20 |
| Answer» C. 50 | |
| 187. |
Employees’ Provident Funds Appellate Tribunal was constituted under Section ....... the this act. |
| A. | 6D |
| B. | 7C |
| C. | 6A |
| D. | 7D |
| Answer» D. 7D | |
| 188. |
When was SEBI constituted? |
| A. | April, 1988 |
| B. | March, 1982 |
| C. | July, 1992 |
| D. | Dec. 1974 |
| Answer» A. April, 1988 | |
| 189. |
Which of the following statement is NOT correct about the SEBI? |
| A. | At present it is a non statutory body |
| B. | At present it is a statutory body |
| C. | It got statutory powers by an ordinance in 1992 |
| D. | SEBI is managed by 6 members |
| Answer» A. At present it is a non statutory body | |
| 190. |
Which of the following words does not belong to the stock exchange? |
| A. | NAV |
| B. | NSE |
| C. | IPO |
| D. | KPO |
| Answer» D. KPO | |
| 191. |
Where is the headquarter of the SEBI? |
| A. | Delhi |
| B. | Bengaluru |
| C. | Chennai |
| D. | Mumbai |
| Answer» D. Mumbai | |
| 192. |
Chairman of the SEBI is appointed for ……… |
| A. | For maximum 3 years |
| B. | For maximum 6 years |
| C. | For maximum 5 years |
| D. | Tenure not fixed |
| Answer» D. Tenure not fixed | |
| 193. |
How many companies are included in the SENSEX? |
| A. | 30 |
| B. | 50 |
| C. | 111 |
| D. | 25 |
| Answer» A. 30 | |
| 194. |
SEBI stands for: |
| A. | Securities and Exchange Bank of India |
| B. | Securities and Exchange Board for Investment |
| C. | Securities and Exchange Board of India |
| D. | None of These |
| Answer» A. Securities and Exchange Bank of India | |
| 195. |
SEBI get its statutory powers on: |
| A. | 17 April, 1992 |
| B. | 15 April, 1992 |
| C. | 12 April, 1992 |
| D. | None of These |
| Answer» C. 12 April, 1992 | |
| 196. |
Which among the following complaints not dealt by SEBI: |
| A. | Complaints falling under the purview of the regulatory bodies like RBI, IRDA, PFEDA, CCI, FMC etc. |
| B. | Complaints regarding Pension Fund |
| C. | Complaints regarding Commodities |
| D. | All of Above |
| Answer» D. All of Above | |
| 197. |
SCORES stands for: |
| A. | SEBI Complaints Redress System |
| B. | Special Complaints Redress System |
| C. | Sources for Complaints Redress System |
| D. | None of These |
| Answer» A. SEBI Complaints Redress System | |
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