New 001

SEBI was primarily set up to _________

• regulate the activities of the merchant banks

• to work as a regulator of the stock exchange activities

• to control the operations of mutual funds

• all of the above

1.    The Board consists of ............ members (maximum)

• 5

• 9

• 6

• 8

The Chairman and other members shall have the right to relinquish office at any time before the expiry of their tenure by giving a notice of ............ in writing to the Central Government.

• Two months

• Three months

• Four months

• Five months

The Central Government shall have the power to remove a member or the Chairman appointed to the Board, if he has been convicted of an offence which in the opinion of the Central Government, does not involve a moral turpitude.

• Yes

• Yes, with fine

• No.

• No comment

The Securities Contracts (Regulation) Act, 1956 had given certain powers to........

• Finance Ministry

• The central government

• SEBI

• Controller of Capital Issues

. The amount disgorged, pursuant to a direction issued shall be credited to a. The shareholders b. The creditors c. IPEF

• The shareholders account

• The creditors account

• IPEF

• Consolidated Fund of India

If any listed company or any person who is registered as an intermediary fails to redress the grievances of investors in .................., they shall be liable to a penalty

• Five months

• Six months

• One month

• Time specified by the Board

If a person registered as a stock broker fails to deliver any security, he is liable to a penalty of .....

• More than Rs. 1 lakh

• Upto Rs. 10 lakh

• Upto Rs. 1 lakh

• More than Rs. 10 lakh

The Securities Appellate Tribunal shall consist of ............. to exercise the powers and discharge the functions conferred.

• a Presiding Officer

• Judicial Members

• Technical Members

• All of the above

A person shall not be qualified for appointment as the Presiding Officer unless he is or has been

• a Judge of the Supreme Court for at least seven years

• a Judge of High Court for at least five years

• a Chief Justice of a High Court for at least five years

• a and c