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Questions and Answers
What is the definition of the financial system according to Prof. S.B. Gupta?
What is the definition of the financial system according to Prof. S.B. Gupta?
- The commodities that are traded in a financial market
- The backbone of the financial system
- A set of institutional arrangements through which financial surpluses available in the economy are mobilized (correct)
- A set of interrelated activities or services to achieve some pre determined goal
What do financial assets represent?
What do financial assets represent?
- The backbone of the financial system
- A set of interrelated activities or services to achieve some pre determined goal
- A claim on the repayment of principal & additional income at a future date (correct)
- The commodities that are traded in a financial market
What are financial institutions responsible for?
What are financial institutions responsible for?
- Regulating the financial markets
- Mobilizing and transferring the savings from the surplus units (correct)
- Trading commodities in the financial market
- Providing budgeting and spending guidance
What is the role of financial instruments in the financial market?
What is the role of financial instruments in the financial market?
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What does finance focus on?
What does finance focus on?
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