Functions of Reserve Bank of India

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What is the primary objective of the RBI in administering the Foreign Exchange Management Act 1999?

To promote orderly development and maintenance of the foreign exchange market (correct)

To regulate the securities market

To protect the interests of investors in securities

To issue currency and coins

What is the RBI's role in the banking sector?

To act as a regulator of the securities market

To issue and exchange currency notes and coins

To administer the Foreign Exchange Management Act 1999

To act as a banker to the Government and manage issuances of Central and State Government Securities (correct)

What is the primary role of the SEBI?

To act as a banker to the Government

To issue and exchange currency notes and coins

To regulate the foreign exchange market

To protect the interests of investors in securities and to promote the development of and to regulate the securities market (correct)

What is the RBI's role in the development of the country?

To perform a wide range of promotional functions to support national objectives Signup and view all the answers

What is the objective of the RBI in issuing currency notes and coins?

To ensure the circulation of an adequate quantity of currency notes and coins Signup and view all the answers

Which of the following is NOT a role of the RBI?

To regulate the securities market Signup and view all the answers

What is the primary criterion for determining a connected person?

Ability to access unpublished price sensitive information Signup and view all the answers

Until when is a person deemed to be a connected person?

Until the contrary is established Signup and view all the answers

What is the minimum duration of association with a company required to be considered a connected person?

Six months Signup and view all the answers

What type of relationship with a company can make a person a connected person?

Any contractual, fiduciary, or employment relationship Signup and view all the answers

What is the significance of frequent communication with a company's officers in determining a connected person?

It is one of the factors that can make a person a connected person Signup and view all the answers

What is the duty of a person under investigation according to regulation 8(1)?

To produce books, accounts, and documents, and furnish statements and information, and appear before the Investigating Authority personally Signup and view all the answers

What action can SEBI take without prejudice to the provisions of section 11 and 11B of the SEBI Act?

Issue any of the directions or actions listed in the regulation, including suspension of trading, restraint of persons, and impounding of proceeds Signup and view all the answers

What is the purpose of SEBI's actions under this regulation?

To protect the interests of the investors and the securities market Signup and view all the answers

What is SEBI empowered to do to an office-bearer of a stock exchange or self-regulatory organisation?

Suspend them from holding their position Signup and view all the answers

What is the consequence of a transaction being in violation or prima facie in violation of these regulations?

The proceeds or securities of the transaction may be impounded and retained Signup and view all the answers

What is the scope of SEBI's directions to an intermediary or person associated with the securities market?

To direct them not to dispose of or alienate an asset forming part of a fraudulent and unfair transaction Signup and view all the answers

Which type of communication is specifically excluded from the applicability of the advertisement code?

Personal conversation Signup and view all the answers

What is the minimum font size required for the standard warning in an advertisement?

10 Signup and view all the answers

What information is required to be disclosed in an advertisement, as per the advertisement code?

Name of the IA/RA, registered office address, SEBI Registration No., and logo/brand name/trade name of IA/RA Signup and view all the answers

What is the purpose of the standard warning in an advertisement?

To inform investors about the risks involved in investing in the securities market Signup and view all the answers

Can the standard warning in an advertisement be modified by adding or deleting words?

No, it is not allowed Signup and view all the answers

What is the consequence of not complying with the advertisement code?

Legal action can be taken against the IA/RA Signup and view all the answers

What minimum qualification is required for employees of proxy advisors engaged in providing proxy advisory services?

Be a graduate in any discipline Signup and view all the answers

In what time period should proxy advisors comply with capital adequacy requirements as per the text?

Three years Signup and view all the answers

What kind of relationship must a research analyst or research entity not have with a third party research provider to be exempt from certain provisions?

A direct or indirect business or contractual relationship Signup and view all the answers

Which chapter's provisions apply to proxy advisers as per the text?

Chapter II, III, IV, V, and VI Signup and view all the answers

In addition to other disclosures, what must a proxy adviser disclose as per the text?

Research methodology and issuer data accuracy control procedures Signup and view all the answers

What is one of the requirements for proxy advisers regarding their voting recommendations as per the text?

Record voting recommendations and provide them to the Board on request Signup and view all the answers

Functions of Reserve Bank of India

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Questions and Answers

What is the primary objective of the RBI in administering the Foreign Exchange Management Act 1999?

What is the RBI's role in the banking sector?

What is the primary role of the SEBI?

What is the RBI's role in the development of the country?

What is the objective of the RBI in issuing currency notes and coins?

Which of the following is NOT a role of the RBI?

What is the primary criterion for determining a connected person?

Until when is a person deemed to be a connected person?

What is the minimum duration of association with a company required to be considered a connected person?

What type of relationship with a company can make a person a connected person?

What is the significance of frequent communication with a company's officers in determining a connected person?

What is the duty of a person under investigation according to regulation 8(1)?

What action can SEBI take without prejudice to the provisions of section 11 and 11B of the SEBI Act?

What is the purpose of SEBI's actions under this regulation?

What is SEBI empowered to do to an office-bearer of a stock exchange or self-regulatory organisation?

What is the consequence of a transaction being in violation or prima facie in violation of these regulations?

What is the scope of SEBI's directions to an intermediary or person associated with the securities market?

Which type of communication is specifically excluded from the applicability of the advertisement code?

What is the minimum font size required for the standard warning in an advertisement?

What information is required to be disclosed in an advertisement, as per the advertisement code?

What is the purpose of the standard warning in an advertisement?

Can the standard warning in an advertisement be modified by adding or deleting words?

What is the consequence of not complying with the advertisement code?

What minimum qualification is required for employees of proxy advisors engaged in providing proxy advisory services?

In what time period should proxy advisors comply with capital adequacy requirements as per the text?

What kind of relationship must a research analyst or research entity not have with a third party research provider to be exempt from certain provisions?

Which chapter's provisions apply to proxy advisers as per the text?

In addition to other disclosures, what must a proxy adviser disclose as per the text?

What is one of the requirements for proxy advisers regarding their voting recommendations as per the text?

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