Banking System, NPA & IBC — Set 8
Economy Advanced · बैंकिंग प्रणाली, NPA और IBC · Questions 71–80 of 160
The Derivatives Market in India allows hedging of financial risks. Which exchange hosts the largest derivatives market in India?
Correct Answer: B. NSE
NSE operates India's largest derivatives market with trading in index futures, stock futures, and options contracts.
The Mutual Fund industry in India manages significant assets on behalf of investors. What is the role of the Association of Mutual Funds in India (AMFI)?
Correct Answer: B. Self-regulatory body for MF industry
AMFI acts as a self-regulatory organization for the mutual fund industry, ensuring transparency and ethical practices among fund houses.
The Pension Fund Regulatory and Development Authority (PFRDA) regulates the NPS. What is the investment period typically allowed in NPS?
Correct Answer: C. Until age 60
In NPS, individuals typically invest until age 60 when they must withdraw and purchase an annuity. Early withdrawal options are available under certain circumstances.
The General Insurance Council (GIC) manages the general insurance business in India. What types of policies does GIC cover?
Correct Answer: C. Motor, fire, and marine insurance
GIC covers motor insurance, fire insurance, marine insurance, and other non-life insurance products for individuals and businesses.
The Life Insurance Corporation (LIC) of India is the largest life insurance company. What percentage of life insurance market does LIC hold?
Correct Answer: C. 60%
LIC dominates the Indian life insurance market with approximately 60% market share, though private insurers have increased competition in recent years.
The National Stock Exchange (NSE) offers the NIFTY 50 index which tracks large-cap stocks. How many companies are included in NIFTY 50?
Correct Answer: C. 50
NIFTY 50 includes 50 large-cap companies from diverse sectors. It serves as a primary barometer of the Indian equity market's performance.
The Sensex (Sensitive Index) is the primary index of the Bombay Stock Exchange. How many companies are included in the Sensex?
Correct Answer: B. 30
The Sensex comprises 30 blue-chip companies from various sectors. It is one of the oldest and most widely recognized stock indices in India.
The Stock Market Regulator SEBI monitors price manipulation and insider trading. What is the maximum penalty SEBI can impose on price manipulators?
Correct Answer: D. Unlimited
SEBI has the power to impose unlimited penalties on offenders involved in price manipulation and market frauds to ensure market integrity.
The Clearing Corporation of India Limited (CCIL) acts as a central counterparty for settlement. What is the primary function of CCIL?
Correct Answer: B. Clearing and settling transactions
CCIL acts as a central counterparty, ensuring settlement of all transactions in the government securities, forex, and derivatives markets.
The Depository participants (DPs) facilitate holding securities in dematerialized form. Which is India's primary depository?
Correct Answer: A. NSDL
NSDL (National Securities Depository Limited) is India's primary and largest depository, holding majority of dematerialized securities in the market.