Question 1

With fully electronic stock exchange - _____ & NSE, wide number of companies are listed in India

Accepted Answer

BSE (Bombay Stock Exchange) is a fully electronic stock exchange in India where a wide number of companies are listed.

Question 2

SEBI was established on ____________ in accordance with the provisions of the Securities and Exchange Board of India Act, 1992

Accepted Answer

SEBI was established on April 12, 1992, in accordance with the provisions of the Securities and Exchange Board of India Act, 1992, to regulate the securities market in India.

Question 3

The Reserve Bank of India was established on

Accepted Answer

The Reserve Bank of India was established on April 1, 1935, under the Reserve Bank of India Act, 1934.

Question 4

Niche magazines are also called as _______.

Accepted Answer

Niche magazines are referred to as special interest magazines because they cater to specific audiences or interest groups, focusing on particular topics or hobbies.

Question 5

Business Journalism deals with _________ part of the news stories

Accepted Answer

Business Journalism specifically focuses on the economic aspects of news stories, covering topics such as markets, trade, financial policies, and the overall economy.

Question 6

____________ is always the Chairman of NITI Ayog

Accepted Answer

The Prime Minister of India is always the Chairman of the NITI Aayog, which is the policy think tank of the Government of India, established with the aim to achieve sustainable development goals.

Question 7

NEFT stands for

Accepted Answer

NEFT stands for National Electronic Fund Transfer, a nationwide payment system facilitating one-to-one funds transfer.

Question 8

NITI Ayog is the premier policy _________ of the Government of India

Accepted Answer

NITI Aayog is known as the premier policy think tank of the Government of India, providing both directional and policy inputs.

Question 9

The First Five Year plan of Planning Commission was launched in?

Accepted Answer

The First Five Year Plan of the Planning Commission in India was launched in 1951, focusing on the development of the primary sector.

Question 10

When is an Interim Budget presented?

Accepted Answer

An Interim Budget is presented during the transition period when the outgoing government's tenure is about to come to an end due to impending general elections. It ensures that the government can function until the new government presents the full budget.

Question 11

Who presented the Union Budget 2020?

Accepted Answer

The Union Budget 2020 was presented by the Finance Minister, Nirmala Sitharaman.

Question 12

What is the major currency of International Trade and Finance?

Accepted Answer

The American dollar (USD) is the major currency used in international trade and finance due to its widespread acceptance and stability. It is the world's primary reserve currency, used by many countries for international transactions.

Question 13

What does FDI in Economic Policy stand for?

Accepted Answer

FDI stands for Foreign Direct Investment, which refers to an investment made by a firm or individual in one country into business interests located in another country.

Question 14

__________was the Chairman and Managing Director of Saradha Group.

Accepted Answer

Sudipto Sen was the Chairman and Managing Director of the Saradha Group, which was involved in a major financial scandal.

Question 15

National Stock Exchange of India Limited (NSE

Accepted Answer

The National Stock Exchange of India Limited (NSE) is located in Mumbai.

Question 16

The benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange is called

Accepted Answer

Nifty, also known as Nifty 50, is the benchmark stock market index for the National Stock Exchange of India, representing the weighted average of 50 of the largest Indian companies listed on the exchange.

Question 17

SENSEX stands for

Accepted Answer

SENSEX stands for Sensitive Index, which is a stock market index on the Bombay Stock Exchange (BSE) in India.

Question 18

The World Bank was created

Accepted Answer

The World Bank was created to fund reconstruction efforts of many European and Asian countries needing financing after World War II. Its initial purpose was to help rebuild nations devastated by the war and to support their economic development.

Question 19

Which of the following is not a part of business journalism?

Accepted Answer

Politics is not a core component of business journalism, which primarily focuses on financial markets, companies, and economic trends.

Question 20

Which of the following is not a business magazine?

Accepted Answer

Frontline is not a business magazine; it is an Indian English-language magazine known for its serious coverage of issues in politics and society, not business. Mint, Business Today, and Forbes India are all publications that focus on business and financial news.

Quiz 1: Indian Economy and Business