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Introduction to Financial System

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Questions and Answers

Which of the following is a type of bank that is a member of FIMMDA?

Private sector banks

Foreign banks

All India Financial institutions

All of the above (correct)

What is the primary objective of FIMMDA according to the passage?

To function as the principal interface with the regulators on various issues

To undertake developmental activities such as introduction of benchmark rates and new derivatives instruments

To provide training and development support to dealers and support personnel at member institutions

All of the above (correct)

What is the role of FIMMDA in relation to standardized documentation?

FIMMDA acts as an arbitrator for disputes between member institutions

FIMMDA does not have any role in relation to standardized documentation

FIMMDA develops standardized sets of documentation (correct)

FIMMDA adopts/develops international standard practices and a code of conduct

Which of the following activities does FIMMDA NOT undertake according to the passage?

Regulating the operations of member institutions Signup and view all the answers

Which of the following is NOT a type of member institution of FIMMDA?

Stock exchanges Signup and view all the answers

What is the primary role of FIMMDA in relation to benchmark rates?

All of the above Signup and view all the answers

Which of the following is NOT mentioned as a key objective of FIMMDA in the passage?

To regulate the operations of member institutions Signup and view all the answers

Which of the following is NOT listed as a type of member institution of FIMMDA?

Cooperative banks Signup and view all the answers

What is the primary role of FIMMDA in relation to the functioning of the financial markets?

To facilitate smooth and orderly functioning of the financial markets Signup and view all the answers

Which of the following is NOT mentioned as a developmental activity undertaken by FIMMDA?

Conducting research on market trends and regulations Signup and view all the answers