Financial Regulatory Bodies Quiz
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Questions and Answers

What is the primary role of regulatory bodies in the financial system?

  • To facilitate international financial transactions
  • To maximize profits for financial institutions
  • To influence government policies
  • To enforce rules and standards in the financial sector (correct)

    • What is the difference between regulation and supervision in the banking sector?

  • Regulation deals with internal operations while supervision deals with customer interactions
  • Regulation is focused on profit generation while supervision is focused on risk management
  • Regulation refers to setting standards while supervision refers to enforcing them (correct)
  • Regulation involves auditing while supervision involves policy-making

    • Which organization is responsible for regulating the Indian capital markets?

  • Insurance Regulatory & Development Authority of India (IRDA)
  • Reserve Bank of India (RBI)
  • Pension Fund Regulatory & Development Authority (PFRDA)
  • Securities and Exchange Board of India (SEBI) (correct)

    • What is the role of National Bank for Agriculture and Rural Development (NABARD) in the financial system?

    <p>Supervisory functions support</p> Signup and view all the answers

    Which regulatory body was recently established to oversee financial reporting in India?

    <p>National Financial Reporting Authority</p> Signup and view all the answers

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