Quizomania- Finance Frenzy

Question 1

When was the National Stock Exchange Fifty (NIFTY) founded

Accepted Answer

1996

Question 2

First and foremost document of a mutual fund is:

Accepted Answer

Offer document

Question 3

A business organized as a separate legal entity is a

Accepted Answer

Corporation

Question 4

Stock market companies are traded in.................?

Accepted Answer

Both a & b

Question 5

Which Indian company became the first to reach a market capitalization of $1 trillion?

Accepted Answer

Reliance Industries Limited.

Question 6

What is a mutual fund?

Accepted Answer

A pool of money managed by a professional Fund Manager

Question 7

Intermediaries in primary market (new issue market) are:

Accepted Answer

All of the above

Question 8

What does FDIC Insured mean?

Accepted Answer

The federal government will repay your deposits of upto Rs. 250,000.

Question 9

Place where trades of securities such as stocks & bonds takes place:

Accepted Answer

Securities market

Question 10

Which of these is not important in stock market?

Accepted Answer

Contribution to the economy

Question 11

____________ is defined as the length of time required to recover the initial cash out-lay.

Accepted Answer

Payback-period

Question 12

What is the projected GDP growth rate for India in 2024 according to the IMF?

Accepted Answer

6.1%

Question 13

What do we understand from financial statements?

Accepted Answer

A group of reports regarding the organisation’s various financial aspects.

Question 14

What is the function of stock exchange?

Accepted Answer

All of the above

Question 15

An annual interest rate of 12% compounded monthly has an effective yield of?

Accepted Answer

12.68%

Question 16

The accrual basis of accounting records revenues when they are:

Accepted Answer

Earned

Question 17

The name of UTI (Unit Trust of India ) bank was changed to ______in 2007?

Accepted Answer

Axis Bank

Question 18

Which of these authorities supervises India’s capital market, securities and commodity market ?

Accepted Answer

India's Securities and Exchange Board(SEBI)

Question 19

What happens to the balance sheet when a company pays salaries of Rs.5,000?

Accepted Answer

Rs. 5,000 debit in cash ,Rs. 5,000 debit in retained earnings

Question 20

Which Indian bank recently faced a major cyber attack compromising customer data?

Accepted Answer

HDFC

Question 21

What is the Stock Exchange Sensitive Index’s (Sensex) total number of companies?

Accepted Answer

30

Question 22

Which ministry launched the Startup India Seed Fund Scheme (SISFS)?

Accepted Answer

Ministry of Commerce and Industry

Question 23

What does NPA stand for in banking terms?

Accepted Answer

Non-Performing Asset

Question 24

Which Indian state has received the highest allocation in the Union Budget 2024 for infrastructure development?

Accepted Answer

Maharashtra

Question 25

Which stock exchange is the oldest in Asia?

Accepted Answer

Bombay Stock Exchange (BSE)

Question 26

Shareholder wealth" in a firm is represented by

Accepted Answer

The market price per share of the firm's common stock.

Question 27

The Head Office of the Insurance Regulatory and Development Authority of India is located in________.

Accepted Answer

Hyderabad

Question 28

What is the current Repo Rate set by the Reserve Bank of India as of July 2024?

Accepted Answer

6.5%

Question 29

Which sector received the highest allocation in the Union Budget 2024?

Accepted Answer

Infrastructure

Question 30

Time value of money supports the comparison of cash flows recorded at different time period by

Accepted Answer

Both Compounding & Discounting cash flows

Quizomania- Finance Frenzy

Questions 30

Quizomania- Finance Frenzy

Questions 30