CA FOUNDATION BCK CHAPTER 5

Which of the following is NOT a function of RBI?

• (a) Monopoly of Note issue
• (b) Banker to the Government
• (c) Advancing loan to large business houses
• (d) Controller of Credit

Which one of the following is NOT a function of SEBI?

• (a) Quasi-legislative
• (b) Quasi-judicial
• (c) Quasi-fiscal
• (d) Quasi-executive

Which of the following is a direct beneficiary of IFCl?

• (a) Agro-based industry
• (b) Service industry
• (c) Capital & intermediate goods industry
• (d) All of the above

How many members of SEBI should be from RBI?

• (a) 4
• (b) 3
• (c) 1
• (d) 2

The RBI has been vested with extensive power to control and supervise commercial banking system Under the-

• (a) Reserve Bank of India Act, 1934

• (b) The Banking Regulation Act, 1949

• (c) Both (a) and (b)

• (d) The Companies Act, 2013

What is the constitution of Competition Commission of India?

• (a) A chairperson and 6 members appointed by the Central Government
• (b) A chairperson and 5 members appointed by the Central Government
• (c) A chairperson and 5 members appointed by the RBI
• (d) A chairperson and 6 members appointed by the RBI

______ is the wholly owned enterprises of IDBI?

• (a) IFCI
• (b) SIDBI
• (c) EXIM Bank
• (d) NABARD

NABARD is the most important institution in the country which looks after the development of the

• (a) Cottage industry
• (b) Small industry
• (c) Village industry
• (d) All of the above

Which of the following statements about RBI is incorrect?

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

Which of the following is not a Place of Regional Offices of SEBI?

• (a)    Kolkata
• (b)   Ahmedabad
• (c)    Mumbai
• (d)   Chennai