Quiz on Financial Services and Digital Rupee

Which of the following best defines financial services?

• Services involving only banks

• Services related to agriculture

• Activities related to mobilizing and allocating savings

• Only stock market transactions

What does 'financial intermediation' refer to?

• Producing financial products

• Transforming investments into savings

• Mobilizing funds from savers and allocating to borrowers

• Printing currency notes

Which of the following is an intangible characteristic of financial services?

• Physical product delivery

• Standard packaging

• Cannot be touched or stored

• Available in supermarkets

Which institution regulates the capital markets in India?

• IRDAI

• RBI

• SEBI

• PFRDA

Which transformation function involves converting short-term deposits into long-term loans?

• Liability transformation

• Asset transformation

• Maturity transformation

• Structural transformation

Which of the following is a fund-based financial service?

• Credit rating

• Mutual funds

• Portfolio management

• Financial advisory

Which of the following is an example of a new financial service?

• Recurring deposits

• Savings accounts

• Reverse mortgage

• Cheque book

The key role of RBI in currency management includes:

• Regulating gold imports

• Printing all types of securities

• Issuing currency notes

• Managing insurance schemes

Which challenge arises from multiple regulators in financial services in India?

• Consumer satisfaction

• Currency conversion

• Regulatory arbitrage

• Market integration

Which is a major reason for the rise of NBFCs in India?

• Currency depreciation

• Access to rural areas and niche lending

• Only large corporate lending

• Regulation by SEBI