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14 questions with worked solutions.
Answer: BEAMS
BSE launched the electronic spot platform named BEAMS for agricultural commodities in December 2020. The platform was introduced through its subsidiary BSE Investments.
Q2. India has recently become the only country to adopt the T+1 settlement system after which country?
Answer: Canada
The T+1 settlement cycle means trade settlement occurs one business day after the transaction. India became the only country to adopt it after Canada, which had already implemented T+1. Therefore, the correct answer is Canada.
Answer: BSE Ltd.
Central Depository Services (India) Ltd. was initially promoted by BSE Ltd. Later, its stake was divested to leading banks and other institutions. Hence, BSE Ltd. is the correct answer.
Answer: traded
The blank needs a verb that fits the context of investors and the stock exchange. Among the options, only "traded" is semantically appropriate. The other words do not match the meaning of the sentence.
Answer: Mutual funds
Mutual funds pool money from many investors and invest that corpus in a diversified portfolio of securities. This makes them a vehicle for mobilizing funds from investors into markets.
Q6. Which company became the first Indian company to hit a market capitalization of ₹9 lakh crore?
Answer: Reliance
Reliance Industries became the first Indian company to cross the ₹9 lakh crore market capitalization mark. This was widely reported in financial news as a major milestone for Indian equity markets.
Q7. Which of the following pairs are the top two stock broker companies in India?
Answer: Zerodha, Groww
Zerodha and Groww are widely recognized among the top stock broking platforms in India. The question asks for the top two companies, and this pair matches the expected GK answer.
Q8. Which of the following stock exchanges has launched interest rate options on 10-year G-Sec?
Answer: National Stock Exchange
The National Stock Exchange launched interest rate options on 10-year government securities (G-Sec). This is a financial market development related to derivatives trading.
Q9. What is the newly increased limit for the Basic Services Demat Account (BSDA) as per SEBI?
Answer: ₹10 lakh
SEBI revised the value limit for Basic Services Demat Accounts to ₹10 lakh. This account is meant to provide lower-cost services to small investors.
Answer: ₹10,000
SEBI has prescribed a minimum face value of ₹10,000 for NCRPS and NCDs issued by Indian companies. This is a standard regulatory requirement for such instruments. Therefore, ₹10,000 is correct.
Q11. Public offers of securities must be in
Answer: Demat Form
Public offers of securities are required to be made in dematerialised form. This ensures electronic holding and transfer of securities, reducing paperwork and fraud risk. Hence, 'Demat Form' is correct.
Q12. Shenzhen Stock Exchange is situated in which of the following countries?
Answer: China
The Shenzhen Stock Exchange is located in Shenzhen, which is in China. It is one of the major stock exchanges of the country. Therefore, the correct answer is China.
Q13. An IPO is
Answer: An offer by an unlisted company for sale of its shares for the first time to the public
IPO stands for Initial Public Offering. It refers to the first sale of shares by an unlisted company to the public, usually to raise capital and get listed on a stock exchange.
Answer: Dematerialization
Dematerialization is the process of converting physical share/security certificates into electronic form, maintained in a depository (NSDL/CDSL) demat account. Governed by the Depositories Act 1996.