A) bringing together people with funds to lend and people who want to borrow funds.
B) assuring that the swings in the business cycle are less pronounced.
C) assuring that governments need never resort to printing money.
D) both A and B of the above.
24. Which of the following can be described as involving direct finance?
A) None of the above.
B) People buy shares in a mutual fund.
C) A pension fund manager buys commercial paper in the secondary market.
D) An insurance company buys shares of common stock in the over-the-counter markets.
25. Wealth, either financial or physical, that is employed to produce more wealth is referred to as
A) capital.
B) liabilities.
C) assets.
D) funding.
26. Which of the following are securities?
A) All of the above
B) A share of Texaco common stock
C) A Treasury bill
D) A certificate of deposit
27. The money market is the market in which ________ are traded.
A) short-term debt instruments
B) previously issued securities
C) new issues of securities
D) long-term debt and equity instruments
28. A debt instrument is called ________ if its maturity is greater than 10 years.
A) long-term
B) intermediate-term
C) short-term
D) perpetual
29. Equities often make periodic payments, called ________, to their holders and are considered
long-term securities.
A) dividends
B) interest
C) principal
D) payout
30. Long-term debt and equity instruments are traded in the ________ market.
A) capital
B) secondary
C) primary
D) money
31 The capital market in India is controlled by?
(a) SEBI
(b) NABARD
(c) RBI
(d) IRDA
32. SEBI was established in which year?
(a) 1988
(b) 1989
(c) 1992
(d) 1990
33 How many companies are included in the BSE Sensex ?
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