Quiz August 5, 2026

Consider the following statements regarding primary Agricultural Credit Societies (PACS): 

1. It provides short-term, and medium-term agricultural loans to the farmers. 
2. It works at the grassroots gram panchayat and village levels.
3. It supplies agricultural inputs and services to members at reasonable prices.

Which of the statements given above is/are correct?  

Consider the following statements regarding call money and notice money:

1. Under the call money market, funds are transacted for a period between 2 days and 14 days.
2. Non-bank institutions are not permitted in the call/notice money market.

Which of the statements given above is/are correct?

Consider the following statements with respect to the Payment and Settlement Systems in India:

1. The Government of India has the authority of the regulation and supervision of payment systems in India.
2. National Payments Corporation of India (NPCI) is the only entity authorised by the RBI to act as Bharat Bill Payment Central Unit.

Which of the statements given above are correct?

Consider the following statements regarding to the capital market instruments: 

1. Stocks represent ownership of a company.
2. Bonds are debt securities that trade on the stock exchange.
3. Exchanges used to purchase shares, debt securities like bonds, and derivatives.

Select the correct answer using the code given below.  

With reference to Exchange Traded Funds (ETFs), consider the following statements:

1. ETFs can be bought and sold throughout the trading day like any stock. 
2. ETFs are highly flexible funds and can be used as a tool for gaining instant exposure to the equity markets.
3. The maximum tenure for which an investor can hold ETFs is six months. 

Which of the statements given above is/are correct?