ACCOUNTANCY
UPSC Commerce and Accountancy MCQs
1:-DDB stands for _____________.
A:-Debit Discount Bonds
B:-Deep Discount Bonds
C:-Derived Debt Bonds
D:-All of these
Ans: B
2:-In the call money market, the period for which a loan is granted shall not exceed
A:-7 days
B:-15 days
C:-30 days
D:-60 days
Ans: A
3:-Which of the following is not a Money market instrument?
A:-Commercial Bills
B:-Treasury Bills
C:-Collateral loans
D:-Commercial Paper
Ans: C
4:-Equity shares issued by a company to its employees or directors, at a discount, for providing know-how is called ____________.
A:-Right shares
B:-Bonus shares
C:-Preference shares
D:-Sweat equity shares
Ans: D
5:-Security merchants dealing in shares and debentures as independent operators are called
A:-Brokers
B:-Jobbers
C:-Sub-brokers
D:-Consultants
Ans: B
6:-Bombay Stock Exchange was established in the year ___________.
A:-1975
B:-1925
C:-1856
D:-1875
Ans: D
7:-SEBI Act came into force in the year ______________.
A:-1991
B:-2002
C:-1992
D:-1947
Ans: C
8:-The first stock exchange in India was set up in _____________.
A:-Ahmadabad
B:-Bombay (Mumbai)
C:-Calcutta
D:-Delhi
Ans: B
9:-Regulations governing Mutual Funds are being issued by ____________.
A:-SEBI
B:-RBI
C:-CRISIL
D:-AMFI
Ans: A
10:-Mutual funds attracting foreign savings for investment in India is called
A:-Foreign funds
B:-Domestic funds
C:-Off-shore funds
D:-Fund of funds
Ans: C
A:-Debit Discount Bonds
B:-Deep Discount Bonds
C:-Derived Debt Bonds
D:-All of these
Ans: B
2:-In the call money market, the period for which a loan is granted shall not exceed
A:-7 days
B:-15 days
C:-30 days
D:-60 days
Ans: A
3:-Which of the following is not a Money market instrument?
A:-Commercial Bills
B:-Treasury Bills
C:-Collateral loans
D:-Commercial Paper
Ans: C
4:-Equity shares issued by a company to its employees or directors, at a discount, for providing know-how is called ____________.
A:-Right shares
B:-Bonus shares
C:-Preference shares
D:-Sweat equity shares
Ans: D
5:-Security merchants dealing in shares and debentures as independent operators are called
A:-Brokers
B:-Jobbers
C:-Sub-brokers
D:-Consultants
Ans: B
6:-Bombay Stock Exchange was established in the year ___________.
A:-1975
B:-1925
C:-1856
D:-1875
Ans: D
7:-SEBI Act came into force in the year ______________.
A:-1991
B:-2002
C:-1992
D:-1947
Ans: C
8:-The first stock exchange in India was set up in _____________.
A:-Ahmadabad
B:-Bombay (Mumbai)
C:-Calcutta
D:-Delhi
Ans: B
9:-Regulations governing Mutual Funds are being issued by ____________.
A:-SEBI
B:-RBI
C:-CRISIL
D:-AMFI
Ans: A
10:-Mutual funds attracting foreign savings for investment in India is called
A:-Foreign funds
B:-Domestic funds
C:-Off-shore funds
D:-Fund of funds
Ans: C
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