Question : Assertion: The Employee State Insurance (ESI) Act provides social security and health insurance benefits to workers.
Reason: ESI is applicable to establishments with ten or more employees
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
The assertion that the Employee State Insurance (ESI) Act provides social security and health insurance benefits to workers is true. The ESI Act is a social security and health insurance scheme in India that provides medical benefits, sickness benefits, maternity benefits, and various other benefits to employees.
The reason provided is also true. The ESI Act is applicable to establishments with ten or more employees. This means that if an establishment meets the criteria of having ten or more employees, it is mandated to provide ESI benefits to its workers as per the provisions of the ESI Act.
Therefore, both the assertion and the reason are true, and the reason correctly explains why the ESI Act provides social security and health insurance benefits to workers in establishments with ten or more employees.
Answer laterQuestion : Which of the following is a regulatory authority for the Indian stock market?
Option 1: RBI (Reserve Bank of India)
Option 2: SEBI (Securities and Exchange Board of India)
Option 3: IRDAI (Insurance Regulatory and Development Authority of India)
Option 4: PFRDA (Pension Fund Regulatory and Development Authority)
Correct Answer: SEBI (Securities and Exchange Board of India)
Solution : The correct answer is (b) SEBI (Securities and Exchange Board of India).
SEBI (Securities and Exchange Board of India) is the regulatory authority for the Indian stock market. It is an independent statutory regulatory body established in 1988 and operates under the jurisdiction of the Ministry of Finance, Government of India. SEBI's primary objective is to protect the interests of investors and promote the development and regulation of the securities market in India.
SEBI plays a vital role in regulating various participants in the Indian securities market, including stock exchanges, brokers, merchant bankers, portfolio managers, and other market intermediaries.
Question : What is the main role of an investment bank in the capital market?
Option 1: Facilitating government bond auctions
Option 2: Assisting companies in mergers and acquisitions
Option 3: Regulating the stock exchanges
Option 4: Providing insurance services
Correct Answer: Assisting companies in mergers and acquisitions
Solution : The correct answer is (b) Assisting companies in mergers and acquisitions.
The main role of an investment bank in the capital market is to assist companies in mergers and acquisitions (M&A) activities. Investment banks provide advisory services and support to companies involved in buying, selling, or merging with other companies.Investment banks play a crucial role in M&A transactions by providing expertise and guidance throughout the entire process. They help companies assess potential targets, evaluate the financial and strategic implications of the transaction, and negotiate the terms of the deal. Investment banks also assist in structuring the transaction, raising capital, and facilitating the necessary regulatory approvals.
Question : What is the main role of an investment bank in the capital market?
Option 1: Facilitating government bond auctions
Option 2: Assisting companies in mergers and acquisitions
Option 3: Regulating the stock exchanges
Option 4: Providing insurance services
Correct Answer: Assisting companies in mergers and acquisitions
Solution : The correct answer is (b) Assisting companies in mergers and acquisitions.
The main role of an investment bank in the capital market is to assist companies in mergers and acquisitions (M&A) activities. Investment banks provide advisory services and support to companies involved in buying, selling, or merging with other companies.Investment banks play a crucial role in M&A transactions by providing expertise and guidance throughout the entire process. They help companies assess potential targets, evaluate the financial and strategic implications of the transaction, and negotiate the terms of the deal. Investment banks also assist in structuring the transaction, raising capital, and facilitating the necessary regulatory approvals.
Question : The Securities and Exchange Board of India (SEBI) is responsible for:
Option 1: Regulating and supervising the capital market
Option 2: Regulating and supervising the money market
Option 3: Regulating and supervising the insurance market
Option 4: Regulating and supervising the commodity market
Correct Answer: Regulating and supervising the capital market
Solution : The correct answer is (a) Regulating and supervising the capital market.
The Securities and Exchange Board of India (SEBI) is the regulatory body in India that is responsible for regulating and supervising the capital market. SEBI's primary objective is to protect the interests of investors and promote the development and regulation of the securities market in India. SEBI plays a crucial role in regulating various participants in the capital market, such as stock exchanges, brokers, merchant bankers, and other intermediaries. It formulates regulations and guidelines to ensure fair and transparent practices, prevent fraud and market manipulation, and promote investor education and awareness.
Question : What is the main role of an investment bank in the capital market?
Option 1: Facilitating government bond auctions
Option 2: Assisting companies in mergers and acquisitions
Option 3: Regulating the stock exchanges
Option 4: Providing insurance services
Correct Answer: Assisting companies in mergers and acquisitions
Solution : The correct answer is (b) Assisting companies in mergers and acquisitions.
The main role of an investment bank in the capital market is to assist companies in mergers and acquisitions (M&A) activities. Investment banks provide advisory services and support to companies involved in buying, selling, or merging with other companies.Investment banks play a crucial role in M&A transactions by providing expertise and guidance throughout the entire process. They help companies assess potential targets, evaluate the financial and strategic implications of the transaction, and negotiate the terms of the deal. Investment banks also assist in structuring the transaction, raising capital, and facilitating the necessary regulatory approvals.
Question : The Securities and Exchange Board of India (SEBI) is responsible for:
Option 1: Regulating and supervising the capital market
Option 2: Regulating and supervising the money market
Option 3: Regulating and supervising the insurance market
Option 4: Regulating and supervising the commodity market
Correct Answer: Regulating and supervising the capital market
Solution : The correct answer is (a) Regulating and supervising the capital market.
The Securities and Exchange Board of India (SEBI) is the regulatory body in India that is responsible for regulating and supervising the capital market. SEBI's primary objective is to protect the interests of investors and promote the development and regulation of the securities market in India. SEBI plays a crucial role in regulating various participants in the capital market, such as stock exchanges, brokers, merchant bankers, and other intermediaries. It formulates regulations and guidelines to ensure fair and transparent practices, prevent fraud and market manipulation, and promote investor education and awareness.
Question : From the following information, calculate the balance of cash in hand on 31st March 2021
1. Cash in hand on 1st April 2020 Rs.4,390 7. Taxes paid Rs 490
2. Subscription Rs 37,600 8. Salaries Rs 21,500
3. Donation Rs 8,000 9. Honorarium to secretary Rs 2,500
4. Entrance fees Rs 4,300 10. Interest Received on Investment Rs 2,950
5. Rent received for club Hall Rs 5,250 11. Printing and stationery paid Rs 350
6. Electricity charges Rs 3,440 12. Petty cash expenses Rs 900
13. Insurance premium paid Rs 310
Option 1: Rs 38,250
Option 2: Rs 33,000
Option 3: Rs 28,000
Option 4: Rs 37,390
Correct Answer: Rs 33,000
Solution : Cash in hand = 4,390
(+) Subscription = 37,600
(+) Donation = 8,000
(+) Entrance fee = 4,300
(+) Rent received = 5,250
(-) Electricity charges = (3,440)
(-) Insurance premium = (310)
(-) Taxes paid = (490)
(-) Salaries paid = (21,500)
(-) Honorarium = (2,500)
(+) Interest Received = 2,950
(-) Printing = (350)
(-) Petty expenses = (900)
Closing balance = 33,000
Hence, the correct option is 2.
Question : Statement 1: The Rashtriya Swasthya Bima Yojana (RSBY) provides health insurance coverage to unemployed individuals.
Statement 2: RSBY is a government initiative to address the health needs of the rural population in India.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, statement 2 is false.
Option 4: Statement 1 is false, statement 2 is true.
Correct Answer: Statement 1 is false, statement 2 is true.
Solution : The correct answer is (d) Statement 1 is false, statement 2 is true.
Statement 1 is false. The Rashtriya Swasthya Bima Yojana (RSBY) does not specifically provide health insurance coverage to unemployed individuals. It focuses on providing health insurance coverage to below-poverty-line households and other eligible categories of workers in the informal sector.
Statement 2 is true. RSBY is indeed a government initiative aimed at addressing the health needs of the rural population in India. It aims to provide financial protection and access to healthcare services for those living below the poverty line in both rural and urban areas. The scheme seeks to mitigate the financial burden of medical expenses and improve the overall health outcomes of the rural population.
Question : Select the most appropriate option that can substitute the underlined segment in the given sentence
Health insurance are important today since anyone can face a medical emergency without warning.
Option 1: will be important
Option 2: has been important
Option 3: was important
Option 4: is important
Correct Answer: is important
Solution : The fourth option is the correct choice.
The subject in the sentence is "health insurance", which is singular. The correct verb form to agree with the singular subject is "is". The original verb form "are" does not agree in number with the singular subject, so it is incorrect.
Therefore, the correct sentence should be: Health insurance is important today since anyone can face a medical emergency without warning.
