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Practice Capital Market, SEBI and Insurance – GK Quiz with Answers – Level 2

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  1. Question 1

    Consider the following statements about financial markets:

    1. A financial market links savers and investors.

    2. In the money market, assets have a maturity of up to one year.

    3. The capital market is a market for short-term funds.

    Which of the statements given above is/are correct?

  2. Question 2

    Match List-I with List-II:

    List-I (Instrument)List-II (Issued by / nature)
    A. Treasury bill1. Commercial banks
    B. Commercial paper2. RBI on behalf of the Central Government
    C. Certificate of deposit3. Large creditworthy companies
    D. Call money4. Inter-bank loan repayable on demand

    Select the correct answer using the codes given below.

  3. Question 3

    Which of the following is NOT a feature of the secondary market?

  4. Question 4

    Arrange the following events in chronological order:

    1. NSE is recognised as a stock exchange

    2. The Native Share and Stock Brokers Association is set up in Bombay

    3. SEBI is set up as an interim administrative body

    Select the correct chronological order.

  5. Question 5

    Which of the following is a protective function of SEBI?

  6. Question 6

    Consider the following statements about SEBI:

    1. SEBI was given statutory status by an ordinance on 30 January 1992.

    2. SEBI has its head office in Mumbai.

    3. SEBI was set up in 1988 as a statutory body.

    Which of the statements given above is/are correct?

  7. Question 7

    Which of the following pairs is correctly matched?

  8. Question 8

    Consider the following statements:

    1. Fire insurance is a contract of indemnity.

    2. Life insurance is a contract of indemnity.

    3. Marine insurance is a contract of indemnity.

    Which of the statements given above is/are NOT correct?

  9. Question 9

    Match List-I with List-II:

    List-I (Principle of insurance)List-II (Meaning)
    A. Utmost good faith1. Insurers share the loss in case of double insurance
    B. Insurable interest2. The most direct and dominant cause of loss is considered
    C. Contribution3. The insured must disclose all facts about the risk truthfully
    D. Proximate cause4. The insured must suffer financial loss if the subject matter is lost

    Select the correct answer using the codes given below.

  10. Question 10

    Which principle of insurance requires the insured to take reasonable steps to reduce the loss?

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