Financial Affairs Regulatory Body in India Quiz

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Questions and Answers

Before SEBI, which regulatory body controlled financial affairs in India?

  • Insurance Regulatory and Development Authority of India
  • Reserve Bank of India
  • Government of India
  • Controller of Capital Issues (correct)

How many members of SEBI should be from RBI?

  • 1
  • 4
  • 3
  • 2 (correct)

Which statement about RBI is incorrect?

  • It deals largely with Governments, Central and State Banks.
  • One of its missions is to protect the interest of policyholders. (correct)
  • The RBI is the sole authority for the issue of currency in India.
  • Its role is to ensure monetary stability, including stability of domestic price levels.

Which of the following is NOT a function of RBI?

<p>Advancing loan to large business houses (B)</p> Signup and view all the answers

Where can the first appeal against SEBI be made?

<p>Securities Appellate Tribunal (D)</p> Signup and view all the answers

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