5 Questions
What is the definition of the financial system according to Prof. S.B. Gupta?
A set of institutional arrangements through which financial surpluses available in the economy are mobilized
What do financial assets represent?
A claim on the repayment of principal & additional income at a future date
What are financial institutions responsible for?
Mobilizing and transferring the savings from the surplus units
What is the role of financial instruments in the financial market?
Representing a claim on the repayment of principal & additional income at a future date
What does finance focus on?
How the money is budgeted and spent
Test your knowledge of financial markets and their structure with this quiz. Explore the basics of finance, including how businesses utilize financial resources and the importance of finance for various entities.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
