Finance Quiz

In India, demonitisation occured for the first time in which year?

• 1943

• 1946

• 1978

• 1956

Which is the oldest stock exchange in India?

• Calcutta Stock Exchange

• National Stock Exchange

• Bombay Stock Exchange

• Madras Stock Exchange

Who is the current Managing Director of International Monetary Fund?

• Pierre-Olivier Gourinchas

• Gita Gopinath

• Ivar Rooth

• Kristalina Georgieva

Answer explanation

Kristalina Ivanova Georgieva-Kinova is a Bulgarian economist serving as chair and managing director of the International Monetary Fund since 2019.

Can a company show Positive Net Income but go bankrupt?

• True

• False

Which of the following securities have been put on ban under the NSE F&O segment recently?

• Indiabulls Housing Finance

• Larsen & Turbo

• Grasim Industries

• Eicher Motors

Which country can go bankrupt in 2022 as it is facing a deepening financial crisis as inflation rises to record levels?

• Argentina

• Sri Lanka

• Nepal

• Greece

Answer explanation

In the next 12 months, in the government and private sector, Sri Lanka will be required to repay an estimated $7.3bn in domestic and foreign loans, including a $500m international sovereign bond repayment in January. However, as of November, available foreign currency reserves were just $1.6bn!

Regional Rural Banks are sponsored by

• Nationalised Commercial Bank

• Reserve Bank of India

• Government of India

• State Bank of India

Which of the following are reviewed by the RBI during policy review?

1. Bank rate 2. Repo rate 3. Savings bank rate

• Only 1

• Only 2

• Both 1 and 2

• All the three

Which of the following is not the function of the Reserve Bank of India ?

• Regulating credit in the country

• Issuing of one rupee notes and coins

• Acting as banker to the Government

• Keeping of Foreign Exchange Reserve

Answer explanation

Ministry of Finance issues one rupee notes and coins!

If markets are strong-form efficient, the average return in the long-run on any investment will be zero.

• True

• False