Dear Readers,
1-What does the term "FDIC" stand for in the context of banking?
a) Federal Deposit Insurance Corporation
b) Financial Data and Information Center
c) Federal Deposit Interest Control
d) Financial Disclosure and Investment Committee
e) None of these
Answer: a
2-Which of the following is not a type of bank account?
a) Savings Account
b) Demat Account
c) Credit Account
d) Current Account
e) None of these
Answer: c
3-What is the main function of the Reserve Bank of India (RBI)?
a) Issuing currency notes
b) Regulating monetary policy
c) Promoting exports and imports
d) Conducting elections
e) None of these
Answer: b
4-Which financial institution in the United States is responsible for conducting monetary policy and regulating banks?
a) World Bank
b) Federal Reserve
c) International Monetary Fund (IMF)
d) Securities and Exchange Commission (SEC)
e) None of these
Answer: b
5-What is the maximum limit of insurance provided by the FDIC for deposits in the United States?
a) $10,000 per account
b) $100,000 per account
c) $250,000 per account
d) Unlimited
e) None of these
Answer: c
6-Which of the following is not a credit rating agency?
a) Fitch Ratings
b) Standard & Poor's
c) Moody's Investors Service
d) Federal Deposit Insurance Corporation (FDIC)
e) None of these
Answer: d
7-Which of the following financial instruments represents ownership in a corporation and typically entitles the holder to a share of the company's profits?
a) Certificate of Deposit (CD)
b) Treasury Bond
c) Stock
d) Municipal Bond
e) None of these
Answer: c
8-Which of the following is not a commonly used measure of inflation?
a) GDP Deflator
b) Consumer Price Index (CPI)
c) Gross National Product (GNP)
d) Producer Price Index (PPI)
e) None of these
Answer: c
9-What is the primary function of the Securities and Exchange Commission (SEC) in the United States?
a) Regulating banks
b) Enforcing environmental regulations
c) Protecting investors and ensuring fair and transparent securities markets
d) Managing the national debt
e) None of these
Answer: c
10-In the context of investment, what does "ROI" stand for?
a) Return on Investment
b) Rate of Interest
c) Risk of Inflation
d) Revenue from Operations
e) None of these
Answer: a
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MAHENDRA GURU