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Questions and Answers
Which sector dominates the financial system in Sri Lanka, accounting for 58% of the total assets?
Which sector dominates the financial system in Sri Lanka, accounting for 58% of the total assets?
- Licensed Finance Companies (LFCs)
- Licensed Commercial Banks (LCBs) (correct)
- Licensed Specialized Banks (LSBs)
- Specialized Leasing Companies (SLCs)
Which institutions are regulated by the Central Bank of Sri Lanka according to the text?
Which institutions are regulated by the Central Bank of Sri Lanka according to the text?
- Venture Capital Companies
- Licensed Commercial Banks (correct)
- Stock Broking Companies
- Rural Banks
What type of financial institution allows the transfer of money between savers and borrowers?
What type of financial institution allows the transfer of money between savers and borrowers?
- Leasing Companies
- Insurance Companies
- Unit Trusts
- Commercial Banks (correct)
Which of the following is NOT mentioned as part of the financial system in Sri Lanka?
Which of the following is NOT mentioned as part of the financial system in Sri Lanka?
What type of institution is responsible for managing approved private provident funds in Sri Lanka?
What type of institution is responsible for managing approved private provident funds in Sri Lanka?
Where can individuals go to invest in Unit Trusts based on the provided information?
Where can individuals go to invest in Unit Trusts based on the provided information?
When was the Central Bank of Sri Lanka established?
When was the Central Bank of Sri Lanka established?
Which bank introduced automation to the Sri Lankan banking industry in the late 1980s?
Which bank introduced automation to the Sri Lankan banking industry in the late 1980s?
What major change occurred in the Sri Lankan banking sector regarding working hours during the late 1980s?
What major change occurred in the Sri Lankan banking sector regarding working hours during the late 1980s?
Which feature became more popular in the Sri Lankan banking industry with the growing popularity of modern telecommunication technology?
Which feature became more popular in the Sri Lankan banking industry with the growing popularity of modern telecommunication technology?
What type of modern facility was introduced in the Sri Lankan banking industry allowing customers access to their accounts from any branch?
What type of modern facility was introduced in the Sri Lankan banking industry allowing customers access to their accounts from any branch?
Which bank initiated instant money transfers within cities and access to ATMs in the late 1980s in Sri Lanka?
Which bank initiated instant money transfers within cities and access to ATMs in the late 1980s in Sri Lanka?
Who regulates and supervises the insurance industry in Sri Lanka?
Who regulates and supervises the insurance industry in Sri Lanka?
Which institution is a member of the IBSL and represented by the Deputy Governor for Financial System Stability?
Which institution is a member of the IBSL and represented by the Deputy Governor for Financial System Stability?
Which institutions are regulated by the Central Bank of Sri Lanka?
Which institutions are regulated by the Central Bank of Sri Lanka?
Which financial market deals with short-term interest-bearing assets with maturities of less than one year?
Which financial market deals with short-term interest-bearing assets with maturities of less than one year?
Which institutions are not regulated by the Central Bank of Sri Lanka?
Which institutions are not regulated by the Central Bank of Sri Lanka?
What is the primary task of the Money Market in the economy?
What is the primary task of the Money Market in the economy?
What is the main purpose of the Capital Market?
What is the main purpose of the Capital Market?
Which entities are typically the main issuers in the Debt Market?
Which entities are typically the main issuers in the Debt Market?
What distinguishes the Primary Market from the Secondary Market?
What distinguishes the Primary Market from the Secondary Market?
In which market are Treasury bonds, private debt securities, and equities traded?
In which market are Treasury bonds, private debt securities, and equities traded?
Where are stocks and shares of companies typically traded?
Where are stocks and shares of companies typically traded?
What are the main investors in the Capital Market?
What are the main investors in the Capital Market?
Which regulatory authority in Sri Lanka is responsible for licensing and regulating stock exchanges, stockbrokers, and unit trust companies?
Which regulatory authority in Sri Lanka is responsible for licensing and regulating stock exchanges, stockbrokers, and unit trust companies?
Under which act does the Central Bank of Sri Lanka regulate and supervise banking institutions in Sri Lanka?
Under which act does the Central Bank of Sri Lanka regulate and supervise banking institutions in Sri Lanka?
Which financial institution in Sri Lanka is regulated under the Finance Business Act No.42 of 2011?
Which financial institution in Sri Lanka is regulated under the Finance Business Act No.42 of 2011?
What regulation does the Securities and Exchange Commission oversee in Sri Lanka?
What regulation does the Securities and Exchange Commission oversee in Sri Lanka?
Which financial institution is responsible for the regulation and supervision of primary dealers in government securities in Sri Lanka?
Which financial institution is responsible for the regulation and supervision of primary dealers in government securities in Sri Lanka?
Under which act is the regulation and monitoring of finance leasing establishments carried out in Sri Lanka?
Under which act is the regulation and monitoring of finance leasing establishments carried out in Sri Lanka?
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Study Notes
- Prof. N. Jayantha Dewasiri is a professor in the Finance Department at Sabaragamuwa University of Sri Lanka.
- The Sri Lankan financial system includes elements such as the Central Bank of Sri Lanka, commercial banks, specialized banks, finance companies, and more.
- The history of banking in Sri Lanka includes the establishment of the Bank of Ceylon in 1939 and the Central Bank of Sri Lanka in 1950.
- The late 1980s saw significant changes in the Sri Lankan banking industry with the introduction of automation by private banking corporations.
- The banking sector in Sri Lanka mainly consists of licensed commercial banks and licensed specialized banks, which account for 58% of the financial system's total assets.
- The financial system in Sri Lanka encompasses regulatory authorities like the Central Bank, Insurance Regulatory Commission, and Securities Exchange Commission.
- Financial markets in Sri Lanka include the credit market, capital market, debt market, and equity market, each serving different purposes in facilitating financial transactions.
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