What are the primary components of the Indian financial system?

• Financial Institutions, Instruments, Markets, Services

• Financial Markets, Services, Instruments, Regulations

• Financial Regulations, Policies, Institutions, Services

• Financial Instruments, Services, Policies, Markets

Which of the following is a benefit of digitalization in the financial system?

• Increased paperwork

• Reduced accessibility

• Higher operational costs

• Increased transaction speed

What is a potential downside of digitalization in the financial system?

• Increased risk of cyber threats

• Lower transaction fees

• Improved customer service

• Enhanced security measures

What is a key focus of financial sector reforms?

• Increasing government control

• Enhancing efficiency and transparency

• Reducing competition

• Limiting foreign investment

What does the global outlook for banking primarily assess?

• International banking trends and challenges

• Consumer banking preferences

• Local banking regulations

• Historical banking practices

Which of the following is NOT a type of financial market?

• Stock market

• Social market

• Real estate market

• Bond market

What is a financial instrument?

• A method of financial analysis

• A tool for measuring financial literacy

• A contract that represents an asset

• A type of financial regulation

Which of the following is a service provided by financial institutions?

• Manufacturing goods

• Providing loans

• Conducting scientific research

• Offering legal advice

What is a significant concern regarding the sustainability of financial markets?

• Low interest rates

• Increased market volatility

• Environmental impact of investments

• High levels of liquidity

Which of the following best describes financial services?

• Goods sold in financial markets

• Types of financial instruments

• Regulations governing financial institutions

• Products that facilitate transactions