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GK Questions: Indian Economy – Set 20

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Hello Aspirants. Welcome to Online General Knowledge section in Affairs cloud, which is important for all the competitive exams. We have created Some questions related to Indian GK(Indian Economy) !!!

  1. The Pension Sector is regulated by ……………..
    5.None of these
    Answer – 4.PFRDA
    Explanation :
    The Pension Fund Regulatory and Development Authority (PFRDA) is a pension regulatory authority which was established by Government of India on August 23, 2003. PFRDA is authorized by Ministry of Finance, Department of Financial Services.

  2. The Insurance Industries are regulated by which among the following ?
    5.None of these
    Answer – 1.IRDA
    Explantion :
    Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous apex statutory body which regulates and develops the insurance industry in India. It was constituted by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999 and duly passed by the Government of India

  3. RBI regulates which among the following
    1.Money Market
    2.Financial System
    3.Monetary Policy
    4.All of these
    5.None of these
    Answer – 4.All of these
    Explanation :
    RBI is the regulator of Money Market, Financial System, Monetary Policy

  4. The Security & Capital Market is regulated by
    5.None of these
    Answer – 4.SEBI
    Explanation :
    In April 1988 the SEBI was constituted as the regulator of capital markets in India

  5. Forward Markets Commission regulator of ……………..
    1.Merchat Banking
    2.Money Market
    3.Commodity Market
    4.All of these
    5.None of these
    Answer – 3.Commodity Market
    Explanation :
    FMC is a regulatory authority for commodity futures market in India. FMC is the chief regulator   of forward and futures markets in India.
    HQ: Mumbai

  6. ………………. is the regulator of Telecommunication Industry
    4.Telecommunication Ministry
    5.None of these
    Answer – 2.TRAI
    Explanation :
    The Telecom Regulatory Authority of India (TRAI- 1997) is the independent regulator of the telecommunications business in India.

  7. MFIN mean
    1.Micro Finance Investments Network
    2.Maximum Fidelity In Investments
    3.Micro Finance Institutions Network
    4.Multiple File In Network
    5.None of these
    Answer – 3.Micro Finance Institutions Network
    Explanation :
    MFIN is the first Self-Regulatory Organisation (SRO) in the financial services sector recognized by the RBI and regulates NBFC-MFIs to ensure responsible lending and client protection

  8. Factor payment Interest paid to a bank for 
    1.Crop Loan
    2.Personal Loan
    3.Business Loan
    4.Home Loan
    5.None of these
    Answer – 1.Crop Loan
    Explanation :
    Factor payment Interest paid to a bank for crop loan

  9. Nationalization of banks took place in ……………………..phase
    5.None of these
    Answer – 2.2Explanation :
    3 Phases
    1.Early phase from 1786 to 1969 of Indian banks.
    2.Nationalisation of Indian Banks and up to 1991 prior to Indian banking sector Reforms.
    3.New phase of Indian Banking System with the advent of Indian Financial and Banking Sector Reforms after 1991.

  10. The held for trading securities are required to be sold within ………………………
    1.180 days
    2.100 days
    3.90 days
    4.120 days
    5.None of these
    Answer – 3.90 days
    Explanation :
    HFT securities have to be sold within 90 days.