Indian Financial System Quiz

Which of the following is not a part of the Indian financial system?

• Banks

• Financial Markets

• Insurance

• Judiciary

What is the primary function of the Reserve Bank of India (RBI)?

• Managing direct taxes

• Regulating the stock market

• Controlling inflation and monetary policy

• Overseeing corporate governance

The Insolvency and Bankruptcy Code (IBC) was introduced in which year?

• 2015

• 2016

• 2017

• 2018

Payment banks in India are allowed to:

• Offer loans

• Accept deposits

• Invest in the stock market

• Issue credit cards

Which of the following institutions regulates insurance companies in India?

• RBI

• SEBI

• IRDA

• PFRDA

What was the major change introduced by the Goods and Services Tax (GST)?

• Separate taxes for each state

• Simplification of the tax structure into a unified tax

• Introduction of a new corporate tax

• Reduction of income tax

SEBI is primarily responsible for regulating:

• Insurance companies

• Pension funds

• The stock market

• The banking system

Which of the following is the future agenda for financial reforms in India?

• Decreasing bank interest rates

• Improving digital payment systems

• Abolishing taxes

• Reducing the number of financial institutions

Which institution oversees the management of pension funds in India?

• RBI

• SEBI

• IRDA

• PFRDA

Corporate governance is primarily concerned with:

• Managing the central bank

• Ensuring accountability in corporations

• Regulating small businesses

• Managing public pension funds