BANKING AFFAIRS 1. The Unit Trust of India came into existence in 1964 2. Infrastructure bonds are termed as financial assets 3. National savings certificates, Indra Vikas Patras, Kisan Vikas Patras are issued by Post office 4. Capital market is a market which deals with gilt edge securities 48 5. Regional Rural Banks fall within the supervisory purview of Reserve Bank of India 6. IRDA is called as Insurance Regulatory Development Authority 7. IRDA with its headquarters at Hyderabad is the regulatory authority for all insurance companies in India including the Life Insurance Corporation of India 8. Mutual Funds fall within the supervisory purview of SEBI 9. SEBI means – Securities and Exchange Board of India 10. Export-Import Bank do not fall within the category of development banks 11. Industrial Development Bank of India, Small Industries Development Bank of India and Industrial Investment Bank of India, State Finance Corporation are called as developments 12. The major financial instruments of corporate sector are shares, debentures, public deposits and loan from institutions 13. Financial institutions promote savings, mobilize savings and allocate savings among different users 14. The following are called primary securities – bills, bonds, shares and book debts 15. New currency is not an example of primary security 16. Indian Financial System comprises of scheduled commercial banks, non banking financial institutions, urban cooperative banks 17. The Bombay Stock Exchange was made functional as early as 1870 18. The Unit Trust of India came into existence in 1964 19. In July 1969, 14 commercial banks were nationalized 20. The government’s share in any nationalized bank is 51% or more 21. New Private banks are being given licences since 1993 22. The gilt edged market refers to the market for government securities and semi government securities 23. First share market in India was established in Mumbai 24. Securities that have an original maturity that is greater than one year are traded in capital markets 25. The best known capital market securities are stocks and bonds
Posted on: Tue, 18 Mar 2014 08:08:04 +0000
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