Components of Financial System E.g. Banks, Insurance, NSE, SEC, CSCS - SS2 Accounting Past Questions and Answers - page 1
1
Which component of the financial system provides protection against financial losses due to unexpected events?
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A
Banks
B
Insurance
C
Stock exchanges
D
Securities and Exchange Commission
2
What is the role of the Central Securities Clearing System?
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A
To oversee the securities markets
B
To provide clearing, settlement, and depository services for securities transactions
C
To provide loans to individuals and businesses
D
To regulate stock exchanges and brokers
3
What is the function of the Securities and Exchange Commission?
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A
To provide loans to individuals and businesses
B
To regulate stock exchanges and brokers
C
To provide protection against financial losses
D
To oversee the securities markets
4
Which component of the financial system acts as an intermediary between savers and borrowers?
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A
Insurance
B
Stock exchanges
C
Central Securities Clearing System
D
Banks
5
Which component of the financial system provides a way for companies to raise capital by issuing stocks?
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A
Securities and Exchange Commission
B
Banks
C
Central Securities Clearing System
D
Stock exchanges
7
What is the function of the financial system?
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