5 Questions
What is the primary role of regulatory bodies in the financial system?
To enforce rules and standards in the financial sector
What is the difference between regulation and supervision in the banking sector?
Regulation refers to setting standards while supervision refers to enforcing them
Which organization is responsible for regulating the Indian capital markets?
Securities and Exchange Board of India (SEBI)
What is the role of National Bank for Agriculture and Rural Development (NABARD) in the financial system?
Supervisory functions support
Which regulatory body was recently established to oversee financial reporting in India?
National Financial Reporting Authority
Test your knowledge about regulatory bodies in the financial system and their role in ensuring fair and smooth functioning of the economy. Learn about the regulations and standards set by independent government bodies in the banking sector.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
