Podcast
Questions and Answers
What is the primary role of regulatory bodies in the financial system?
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?
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?
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?
What is the role of National Bank for Agriculture and Rural Development (NABARD) in the financial system?
Which regulatory body was recently established to oversee financial reporting in India?
Which regulatory body was recently established to oversee financial reporting in India?
Flashcards
Role of regulatory bodies
Role of regulatory bodies
To enforce rules and standards in the financial sector.
Regulation vs Supervision
Regulation vs Supervision
Regulation sets standards; supervision enforces them.
SEBI
SEBI
Securities and Exchange Board of India regulates Indian capital markets.
NABARD's role
NABARD's role
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National Financial Reporting Authority
National Financial Reporting Authority
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