MCQ for CA Foundation ECONOMICS - PART 2 - BUSINESS AND COMMERCIAL KNOWLEDGE - Chapter 5 ORGANIZATIONS FACILITATING BUSINESS

Sample Multiple Choice Questions (MCQ's) for CA Foundation - Paper 4 - Business Economics and Business and Commercial Knowledge - PART 2 - BUSINESS AND COMMERCIAL KNOWLEDGE - Chapter 5: ORGANIZATIONS FACILITATING BUSINESS - For Practice relevant for Dec 22 and May/June 23 Examinations

Q:1 How many members of SEBl should be from RBI?

1. 4
2. 3
3. 1
4. 2

Answer: 3

Q:2 SEBI has several functions rolled into one body. Which one of the following is not the function of SEBI? 

1. Quasi-legislative
2. Quasi-judicial
3. Quasi-professional
4. Quasi-executive

Answer: 3

Q:3 NABARD is the most important institution in the country which looks after the development of the 

1. Cottage industry
2. Small industry
3. Village industry
4. All of the above.

Answer: 4

Q:4 Which of the following statement is incorrect regarding development banks in India? 

1. Development banks provide funds to new and upcoming business houses
2. Development banks accept long term deposits from individual and firms
3. IFCI was the first development bank in India
4. The other two banks ICICI & IDBI have been converted into commercial banks

Answer: 2

Q:5 Which of the following statements are not correct? 

1. NABARD provides refinance facility in respect of credit to agricultural & rural sector.
2. NABARD performs apex level coordination role
3. NABARD is a commercial bank
4. None of the above.

Answer: 3

 

CA Foundation ECONOMICS - PART 2 - BUSINESS AND COMMERCIAL KNOWLEDGE - MCQ for Chapter 6 - Click Here

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