Dear Friends,
We are posting prelims marathon MCQs for today. In this initiative, you can attempt 10 subjective MCQs on a daily basis. For schedule, refer to the archive link given below.
| For Prelims marathon archive – click here |
Start Quiz
Marking Pattern
Correct Answer : 2
Wrong Answer : -0.66
Your Score Card
Total Number of Questions : 10
Total Not Attempted Questions : 0
Total Correct : 8
Total Wrong : 2
You have scored
14.68 / 20
The Reserve Bank under Governor YV Reddy initiated the MSS scheme in 2004, to control the surge of US dollars in the Indian market; RBI started buying US dollars while pumping in rupee.
*It was the Chakravarthy Committee (1985) which, for the first time, underlined the need of an organised money market in the country and the Vahul Committee (1987) laid the blue print for its development.
*In money market Trading is done on a rate known as discount rate which is determined by the market and guided by the availability of and demand for the cash in the day-to-day trading.
The ‘repo rate’ of the time (announced by the RBI) works as the guiding rate for the current ‘discount rate.
*The Cash Management Bills are non-standard and discounted instruments issued for maturities less than 91 days.
*Herfindahl-Hirschman Index (HHI) is a common measure of market concentration and is used to determine market competitiveness, often pre- and post-Merger & Acquisition transactions.
Very nice
Your Score Card
Total Number of Questions : 10
Total Not Attempted Questions : 0
Total Correct : 5
Total Wrong : 5
Good attempt, keep practicing
7/10
Good attempt
Your Score Card
Total Number of Questions : 10
Total Not Attempted Questions : 2
Total Correct : 6
Total Wrong : 2
You have scored
10.68 / 20