ORGANIZATIONS FACILITATING BUSINESS QUIZ 2 – Punjab Meritorious School Preparation Portal

Welcome to your ORGANIZATIONS FACILITATING BUSINESS QUIZ 2 CBT TEST

Fill the Details mentioned below and Attempt the Test.

Name

School Name with City

Phone Number

What is the constitution of competition Commission of India?

A chairperson and 6 members appointed by the Central Government

A chairperson and 5 members appointed by the Central Government

A chairperson and 5 members appointed by the RBI

A chairperson and 6 members appointed by the RBI

NABARD serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in ______

Rural areas

Urban areas

Sub-urban areas

All of the above

NABARD is the most important institution in the country which looks after the development of the

Cottage industry

Small industry

Village industry

All of the above.

The Reserve Bank of India being the Central Bank of India performs all the central banking functions.

Issue of currency

Banker to the government

Watchdog of the unethical competition in the market

Custodian of the nation’s foreign exchange reserves

Choose the correct statement:

SEBI came into force from Jan 30, 1992

IRDA was set up by an Act of parliament in India

NABARD bank of India was set up in 1982

All the above

Which one of the following is not the role of the Competition Commission of India?

To promote practices having adverse effect on competition.

To promote and sustain competition in markets.

To protect the interests of consumers and,

To ensure freedom of trade carried on by other participants in markets in India.

Which one is not a function of RBI?

Monopoly of Note issue

Banker to the Government

Advancing loan to large business houses

Controller of Credit

Which of the following is incorrect?

SLR and CRR are quantitative measures of credit control RBI

Repo rate is the rate at which banks borrow money from RBI

Bank rate and Repo rate are the same rate used for different purposes

Qualitative measures of credit control are also called selective credit control

Which of the following statement is incorrect regarding development banks in India?

Development banks provide funds to new and upcoming business houses

Development banks accept long term deposits from individual and firms

IFCI was the first development bank in India

The other two banks ICICI & IDBI have been converted into commercial banks

NABARD refinances the financial institutions which finances the______

Urban sector

Rural sector

Secondary sector

Service sector

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