Stock Exchange Additional One Mark Online Test

Stock Exchange Additional One Mark Online Test (12th Standard Commerce)

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In which year did the Dutch East India Company establish the Amsterdam Stock Exchange, the oldest stock exchange in the world?

A.1602 B.1874 C.1956 D.1957

The Native Share and Stock Brokers Association, the first stock exchange in India, was recognised by the Government of India on 31 August 1957 under which Act?

A.Securities Contracts (Regulation) Act, 1956 B.Indian Companies Act, 1956 C.Depositories Act, 1996 D.SEBI Act, 1992

Who defined stock exchanges as "privately organized markets which are used to facilitate trading in securities"?

A.The Securities Contracts (Regulation) Act, 1956 B.Husband and Dockerary C.The Pherwani Committee D.The Reserve Bank of India

The prices at which securities are bought and sold on a stock exchange, recorded and made public, are called

A.Market quotations B.Brokerage C.Premium D.Margin

A stock exchange is called a secondary market because it deals in

A.New issues of shares only B.Existing or second-hand securities C.Commodities such as gold and wheat D.Short-term money market bills

Securities that do not appear in the official list of a stock exchange and therefore cannot be traded on it are called

A.Unlisted securities B.Seasoned securities C.Government securities D.Collateral securities

Assertion (A): Stock exchanges are called financial barometers.
Reason (R): They act as development indicators of the national economy of the country.

A.Both A and R are true and R is the correct explanation of A B.Both A and R are true but R is not the correct explanation of A C.A is true but R is false D.A is false but R is true

Match the item with the heading under which the lesson lists it:
(a) Enhances goodwill - (1) Benefit to investors
(b) Liquidity - (2) Benefit to the community
(c) Fund raiser for Government - (3) Benefit to the company
(d) Failure to control unhealthy speculation - (4) Limitation of stock exchange

A.(a)-3, (b)-1, (c)-2, (d)-4 B.(a)-1, (b)-3, (c)-2, (d)-4 C.(a)-2, (b)-1, (c)-3, (d)-4 D.(a)-3, (b)-2, (c)-1, (d)-4

Which one of the following is NOT a limitation of stock exchange given in the lesson?

A.Lack of uniformity and control of stock exchanges B.Absence of restriction on membership C.Failure to control unhealthy speculation D.Adding collateral value of security

Q10

The Interconnected Stock Exchange of India (ISE), based at Mumbai, has been promoted by how many regional stock exchanges?

A.15 B.21 C.23 D.24

Q11

Who acts as an agent of a member of a stock exchange, obtains business for that member and gets a commission for the service?

A.Remiser B.Jobber C.Authorised clerk D.Stag

Q12

In India, jobbers in the stock exchange are known as

A.Taravaniwalas B.Tejiwalas C.Mandiwalas D.Dalals

Q13

A bear speculator is also known as

A.Tejiwala B.Mandiwala C.Taravaniwala D.Premium hunter

Q14

Which speculator applies for shares in new companies, sells them at a premium before allotment money is called, and is known as a premium hunter?

A.Bull B.Bear C.Stag D.Lame duck

Q15

A lame duck in the stock exchange is

A.A bull who cannot pay for the shares he bought B.A bear who finds it difficult to fulfil his commitment to deliver securities C.A stag who fails to get an allotment D.A broker who loses his membership

Q16

Consider the following statements comparing a stock exchange with a commodity exchange:
1. The object of a stock exchange is facilitating capital formation and making best use of capital resources.
2. Participants in a commodity exchange are only investors.
3. Cornering is easy in a stock exchange but difficult in a commodity exchange.
Which of the statements given above is/are correct?

A.1 only B.1 and 3 only C.2 and 3 only D.1, 2 and 3

Q17

The National Stock Market System (NSMS) was advocated by the High Powered Group on the Establishment of New Stock Exchanges, headed by

A.M.J. Pherwani B.Husband C.Dockerary D.The Governor of RBI

Q18

The National Stock Exchange (NSE), a country-wide, screen-based, online and order-driven trading system, was incorporated in

A.November 1992 B.May 1994 C.November 1996 D.December 1997

Q19

Arrange the following in chronological order:
1. RBI sets up the Securities Trading Corporation of India (STCI)
2. Stock Holding Corporation of India Ltd (SHCIL) comes into being
3. NSDL is inaugurated as the first depository in India
4. BSE extends trading in dematerialised securities

A.2, 1, 3, 4 B.1, 2, 3, 4 C.2, 3, 1, 4 D.1, 3, 2, 4

Q20

Consider the following statements about stock market indices:
1. Nifty comes from the words 'National' and 'Fifty' and covers the 50 most actively traded stocks.
2. Sensex is the index of the National Stock Exchange.
3. Sensex has a list of 30 stocks.
Which of the statements given above is/are correct?

A.1 only B.1 and 3 only C.2 and 3 only D.1, 2 and 3

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About this Stock Exchange test

This free online practice test covers Stock Exchange from the 12th Standard Commerce (Samacheer Kalvi) syllabus. Choose the number of questions and an optional time limit, then answer and submit — everything is checked in your browser, with the correct answers and a worked explanation shown at the end. For the full solutions to every question in this set, see the solved MCQs page.

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