What is the primary purpose of the Securities and Exchange Board of India Act, 1992?

• To regulate the banking sector

• To protect the interests of investors in securities

• To establish a national stock exchange

• To promote foreign investments

Which section of the SEBI Act deals with the factors to be considered by the Adjudicating Officer while imposing penalties?

• Section 15-A

• Section 15-I

• Section 15-J

• Section 15-HA

What does Clause (c) of Section 15-J refer to?

• The severity of the violation

• The repetitive nature of the default

• The amount of disproportionate gain

• The amount of loss caused to investors

Which of the following is NOT a factor listed in Section 15-J for determining penalties?

• Disproportionate gain

• Intent of the violator

• Loss to investors

• Repetitive nature of default

What was clarified by the Explanation added to Section 15-J in 2017?

• The penalties are mandatory

• The SEBI Act is no longer applicable

• The Adjudicating Officer has discretion in penalties

• The conditions in Section 15-J are exhaustive

Which case was overruled by the Supreme Court regarding the applicability of Section 15-J in the Bhavesh Pabari Case?

• Siddharth Chaturvedi v. SEBI

• M/s. Roofit Industries Ltd.

• State of Bihar v. Deokaran Nenshi

• Union of India v. Tarsem Singh

What is the maximum penalty for failure to furnish information under Section 15-A?

• Rs. 1,00,00,000

• Rs. 50,00,000

• Rs. 1,00,000

• Rs. 10,00,000

What does the term 'repetitive nature of default' imply?

• A continuous offence

• A single instance of violation

• A recurring or successive default

• All of the above