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Question : Which of the following is not a function of the RBI?

 

Option 1: Regulating the banking system

Option 2: Conducting monetary policy

Option 3: Issuing currency notes

Option 4: Regulating the stock market

Team Careers360 15th Jan, 2024

Correct Answer: Regulating the stock market


Solution : The correct answer is (d)  Regulating the stock market.

Regulating the stock market is not a function of the Reserve Bank of India (RBI). The RBI primarily focuses on the regulation and supervision of the banking system in India, ensuring its stability, integrity, and smooth functioning. Its functions include regulating banks and financial institutions, formulating and implementing monetary policy, issuing and managing currency notes, and maintaining the stability of the financial system.

The regulation of the stock market, including the oversight of stock exchanges and market participants, falls under the jurisdiction of the Securities and Exchange Board of India (SEBI). SEBI is the regulatory authority responsible for the development, regulation, and oversight of the securities market in India.

 

Question : Case Study 34

ABC Ltd. is a conglomerate planning to expand its operations. The company's management is considering the roles of SEBI in the financial market.

Question : 

What is the full form of SEBI?

Option 1: Securities and Exchange Board of India
 

Option 2: Stock Exchange and Banking Institution
 

Option 3: Securities and Equity Brokerage Institute

 

Option 4: Stock Exchange and Business Investment

Team Careers360 21st Jan, 2024

Correct Answer: Securities and Exchange Board of India
 


Solution : The correct answer is (a) Securities and Exchange Board of India

The full form of SEBI is Securities and Exchange Board of India. SEBI is the regulatory body in India that oversees and regulates the securities market, protecting the interests of investors and promoting the development and regulation of the securities market.

23 Views

Question : Choose which of the following statements is not correct.

Option 1: Debentures Redemption Investment is made by all companies redeeming the debentures.

Option 2: All India Financial Institutions (AIFIs), Banking Companies and Other Financial Institutions are not required to set aside amount to Debentures Redemption Reserve.

Option 3: Unlisted NBFCs and HFCs are not required to invest 15% of Outstanding Debentures in Specified Securities.

Option 4: Debentures Redemption Reserve can be used only for redemption of debentures.

Team Careers360 22nd Jan, 2024

Correct Answer: Debentures Redemption Investment is made by all companies redeeming the debentures.


Solution : Answer = Debentures Redemption Investment is made by all companies redeeming the debentures.

All India Financial Institutions (AIFIs), Banking Companies and Other Financial Institutions are not required to set aside amounts to Debentures Redemption Reserve.

 Unlisted NBFCs and HFCs are not required to invest 15% of Outstanding Debentures in Specified Securities. Debentures Redemption Reserve can be used only for redemption of debentures are true statements, but Debentures Redemption Investment is made by all companies redeeming the debentures.
Hence, the correct option is 1.

Question : Case Study 34

ABC Ltd. is a conglomerate planning to expand its operations. The company's management is considering the roles of SEBI in the financial market.

Question : 

What is the full form of SEBI?

Option 1: Securities and Exchange Board of India
 

Option 2: Stock Exchange and Banking Institution
 

Option 3: Securities and Equity Brokerage Institute

 

Option 4: Stock Exchange and Business Investment

Team Careers360 19th Jan, 2024

Correct Answer: Securities and Exchange Board of India
 


Solution : The correct answer is (a) Securities and Exchange Board of India

The full form of SEBI is Securities and Exchange Board of India. SEBI is the regulatory body in India that oversees and regulates the securities market, protecting the interests of investors and promoting the development and regulation of the securities market.

41 Views

Question : Which of the following is not a function of a stock exchange?

Option 1: Facilitating trading of securities
 

Option 2: Ensuring fair and transparent transactions
 

Option 3: Regulating the banking sector

 

Option 4: Providing liquidity to investors

Team Careers360 20th Jan, 2024

Correct Answer: Regulating the banking sector

 


Solution : The correct answer is (c) Regulating the banking sector.

Regulating the banking sector is not a function of a stock exchange. Stock exchanges primarily serve as marketplaces where securities such as stocks, bonds, and derivatives are bought and sold. They facilitate the trading of securities between buyers and sellers.

However, regulating the banking sector is typically the responsibility of regulatory bodies such as central banks and financial regulatory authorities. These entities oversee and regulate banks, ensuring their compliance with banking laws, capital requirements, and prudential regulations.

69 Views

Question : Assertion: A large segment of workforce continues to depend on primary activities to make a living.

Reason: In India, trade, commerce, banking, tourism and related services are developing faster than production activities.

Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.

Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.

Option 3: Assertion is true, but the reason is false.

Option 4: Assertion is false, but the reason is true.

Team Careers360 25th Jan, 2024

Correct Answer: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.


Solution : The correct answer is (b) Both assertion and reason are true, but the reason is not the correct explanation of the assertion.

The assertion that a large segment of the workforce continues to depend on primary activities to make a living is true, as many individuals in India are employed in agriculture, fishing, mining, and other primary sectors.

However, the reason provided, stating that trade, commerce, banking, tourism, and related services are developing faster than production activities, does not necessarily explain why a large segment of the workforce depends on primary activities. The reason does highlight the growth of these sectors in India, but it does not directly correlate with the dependence on primary activities for livelihood.

In summary, both the assertion and reason are true, but the reason does not provide the correct explanation for the assertion.

38 Views

Question : Comprehension:
In the following passage, some of the words have been deleted. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.
Gaming in the banking sector seems virtually (1) _____ to eliminate. The only effective measure to end it would be to (2) _____ bankers personally liable for losses, to remove the sense that their actions—their games—have (3) ______ personal financial or legal consequences.
It is this, rather (4) ______ removing the cap on bankers' bonuses, that has the best chance of preventing the financial system from blowing (5) ____ again.

Question:
Select the most appropriate option to fill in the blank number 1.

Option 1: feasible

Option 2: impossible

Option 3: penetrable

Option 4: liable

Team Careers360 15th Jan, 2024

Correct Answer: impossible


Solution : The second option is the correct choice.

The passage suggests that eliminating gaming in the banking sector seems extremely challenging or difficult. The word impossible conveys a sense of extreme difficulty more strongly than the other options.

The meanings of the other options are as follows:

  • Feasible means something that is possible or practical.

  • Penetrable means capable of being penetrated or entered.

  • Liable is someone who is responsible or accountable.

Therefore, the correct answer is, impossible.

5 Views

Question : Comprehension:

In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.

The modern world (1) ________ around technology. It has advanced dramatically in the beyond twenty years, and presently, we can't envision a world without PCs and cell phones. The last century saw fast progressions in innovation and science, which were unfathomable previously. The internet is perhaps the most significant of these. Today, it is no longer a science fiction concept to communicate with people anywhere in the world. While smartphones keep us constantly connected to the virtual world, the wireless internet has eliminated the need to use a physical wire to connect with this world. Today, we rely on the Internet to pay our bills, book tickets, travel, and conduct banking transactions. Li-Fi, a new technology that uses light signals to (2) ________ data and reduces external interference, is currently in development.
On the other hand, such rapid progress comes with some (3) ________. Another sort of wrongdoing, known as digital wrongdoing, is the greatest danger to security today. WannaCry was one of the biggest recent cyberattacks. It infected more than 230,000 computers in over 150 countries and threatened to erase valuable data unless ransom payments were made. Personal and (4) ________ data continue to be stolen frequently, and our country's cyber security is still lacking. It's also possible to say that people miss out on important experiences in the real world because they spend so much time in the virtual world. The distinction between the real and online worlds sometimes appears to blur, especially as social media grows in popularity. For instance, the internet was said to have become so addictive in China that programmes were established to help people get off of it. However, technology's benefits (5)________ its drawbacks. It all comes down to what we do with it. One thing to keep in mind is that technology can serve us well, but not completely.

Select the most appropriate option to fill in the blank no. 4.

Option 1: secret

Option 2: confidential

Option 3: regular

Option 4: common

Team Careers360 18th Jan, 2024

Correct Answer: confidential


Solution : The most appropriate choice is the second option.

The term confidential refers to information that is private or not meant to be disclosed to others. In the context of the passage, it discusses the theft of personal and confidential data.

3 Views

Question : Comprehension:

In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.

The modern world (1) ________ around technology. It has advanced dramatically in the beyond twenty years, and presently, we can't envision a world without PCs and cell phones. The last century saw fast progressions in innovation and science, which were unfathomable previously. The internet is perhaps the most significant of these. Today, it is no longer a science fiction concept to communicate with people anywhere in the world. While smartphones keep us constantly connected to the virtual world, the wireless internet has eliminated the need to use a physical wire to connect with this world. Today, we rely on the Internet to pay our bills, book tickets, travel, and conduct banking transactions. Li-Fi, a new technology that uses light signals to (2) ________ data and reduces external interference, is currently in development.
On the other hand, such rapid progress comes with some (3) ________. Another sort of wrongdoing, known as digital wrongdoing, is the greatest danger to security today. WannaCry was one of the biggest recent cyberattacks. It infected more than 230,000 computers in over 150 countries and threatened to erase valuable data unless ransom payments were made. Personal and (4) ________ data continue to be stolen frequently, and our country's cyber security is still lacking. It's also possible to say that people miss out on important experiences in the real world because they spend so much time in the virtual world. The distinction between the real and online worlds sometimes appears to blur, especially as social media grows in popularity. For instance, the internet was said to have become so addictive in China that programmes were established to help people get off of it. However, technology's benefits (5)________ its drawbacks. It all comes down to what we do with it. One thing to keep in mind is that technology can serve us well, but not completely.

Select the most appropriate option to fill in the blank no. 3.

Option 1: drawbacks

Option 2: snag

Option 3: hitch

Option 4: liabilities

Team Careers360 14th Jan, 2024

Correct Answer: drawbacks


Solution : The most appropriate choice is the first option.

In the context of the passage, the term drawbacks refers to the negative aspects or disadvantages that come with rapid technological progress.

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