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WorksheetsCA Foundation Ch5
Total questions: 63
Worksheet time: 32mins
Who is regulatory body for controlling financial affairs in India before SEBI
controller of capital issues
RBI
Insurance regulatory and development authority of India
Government of india
When was SEBI constituted
1988
1990
1986
1989
NABARD refinances financial institutions which finances
Urban sector
Rural sector
Secondary sector
Service sector
How many members of SEBI should be from RBI
4
3
1
2
NABARD serves as apex financial agency for institutions providing investment and production credit for promoting various development activities in
Rural areas
Urban areas
Suburban areas
All of above
Where can 1st appeal against SEBI be made
High court
Supreme court
Securities appellate tribunal
RBI
Who regulates currency in country
SEBI
RBI
Central bank
Finance ministry
NABARD is most important institution in country which looks after development of
Cottage industry
Small industry
Village industry
All of above
RBI has been vested with extensive power to control and supervise commercial banking system under which act
RBI act, 1933
RBI act, 1934
RBI act, 1935
RBI act, 1936
RBI being central bank of India performs all central banking functions
Which 1 of following is not function of RBI
Issue of currency
Banker to government
Watchdog of unethical competition in market
Custodian of nation, foreign exchange reserves
Which 1 of following is not role of competition commission of india
To promote practices having adverse effect on competition
To promote and sustain competition in markets
To protect interests of consumers
To ensure freedom of trade carried on by other participants in market in India
When was IRDAI constituted
1997
1998
1999
2000
Category of facilitators, who operate to ease doing of business
Business facilitators
Trade facilitators
Industry facilitators
All of above
Which section of IRDAI act, 1999 lays down duties, powers and functions of IRDAI
Section 10
Section 12
Section 14
Section 5
Example of point of contact business facilitators
Transport agency
Business incubator
Bank
Insurance company
Who is custodian of nations foreign exchange reserves
Central government of India
President of India
RBI
SBI
Which of following statements about RBI is incorrect
It deals largely with government, central and state banks
Its role Is study ensure monetary stability, including stability of domestic price levels
1 of its missions is to protect interests of policy holders
RBI is sole authority for issue of currency in India
RBI has been vested with extensive power to control and supervise commercial banking system under
RBI act, 1934
Banking regulation act, 1949
Both( a) and( b)
None of above
For discharge of its functions efficiently, SEBI has been vested with following powers
To approve by- laws of stock exchanges
To inspect books of accounts and call for periodical return from recognized stock exchanges
Compile certain companies to list their shares in 1 or more stock exchanges
All of above
Provisions of finance for agriculture is now handled by
Competition commission of India
SEBI
RBI
NABARD
What is constitution of competition commission of India
1 Chairperson and 6 members appointed by central government
1 chairperson and 5 members appointed by central government
1 chairperson and 5 members appointed by RBI
1 chairperson and 6 members appointed by RBI
NABARD is
Bank
Board
Exchange programme for consumer goods
Department
SEBI has several functions rolled into 1 body. Which 1 of following is not function of SEBI
Quasi- legislative
Quasi- judicial
Quasi- professional
Quasi- executive
Which of following is not correct about RBI
Central bank of country
Apex monetary institution of highest authority in India
It has responsibility for controlling country's export import policy
It's custodian for nation's exchange reserves
RBI nationalized in
1949
1969
1935
1991
Which of following is development bank
CCI
NABARD
RBI
SBI
Central bank is 1 which constitutes
Apex of monetary and banking structure
Base of monetary and banking structure
at middle of monetary and bank, structure
None of above
Which of following is monetary authority of country
Government of country
Banking system of country
Central bank of country
All of these
Identify which of these is not function of central Bank
Custodian of foreign exchange reserves
Issue of currency
Paying interests on deposits obtained from public
Custodian of cash reserves
Identify which of these is not function of central bank
Formulating government budget
Banker of Banks
Arranging for clearing agreements between banks
All of above
Identify which of these is not function of central bank
Clearing agreements among banks
Implementing government's monetary policy
Specifying income tax rates
Custody of cash reserves
Which of following is not function of RBI
Banker's bank
Issue of currency
Regulation of foreign trade
Custodian of forex reserves
Which of following statement about central bank is incorrect
Central bank regulates currency in accordance with requirements of business and general public
Central bank performs general agency and banking service for state
Central bank generally deals with public and tries to encourage saving habits among people
None of above
SEBI has to be responsive to needs of groups, which constitutes market
Issuers of securities
Investors
Market intermediaries
All of above
Current CRR is
3
5
4
6
Which 1 of following statement is incorrect
SEBI members consist of chairman, who shall be appointed by central government
SEBI members consist of 2 members from amongst officials of ministry of central government
SEBI members consist of 1 member from amongst official of RBI, who shall be nominated by RBI
SEBI members consists of 5 other members out of which at least 4 members shall be whole time members, who shall be appointed by central government
Current SLR is
17.5
19.5
19
17
Which of following is quantitative measure of credit policy
Direct credit
SLR
CRR
both( b) & ( c)
Which of following is qualitative measure of credit policy
Direct credit
SLR
CRR
Both( b) &( c)
Rate of interests at which RBI lends to banks
Repo rate
Bank rate
Reverse repo rate
Time rate
Bank rate at 1%=
10 basis points
100 basis points
1000 basis points
None of above
If current bank rate is 9%, and RBI decreases it by 10 basis points, new rate will be
8%
8.1%
9.1%
8.9%
………… is rate at which bank borrows money from RBI against pledging or sale of government securities to RBI
Demand rate
Interest rate
Repo rate
Reverse repo rate
……… is rate of interest offered by RBI when banks deposits their surplus funds with RBI for short periods
Demand rate
Interest rate
Repo rate
Reverse repo rate
Headquarters of SEBI Is located in
New Delhi
Mumbai
Kolkata
None of these
Which among following complaints are not dealt by SEBI
Complaints falling under purview of regulatory bodies like RBI, IRDA, PFEDA, CC, FMC etc.
Complaints regarding pension funds
Complaints regarding commodities
All of above
Chairman of SEBI shall be appointed by
Central government
RBI
Members of SEBI
None of above
How many officials of RBI shall be members of SEBI Board
No minimum limit
At least 1
At least 2
RBI ofgicials can't be members of SEBI
Duties of SEBI does not include
Protecting of interests of investors in securities
Promoting development of securities market
Regulating securities market
None of above
Which of following groups does not constitutes securities market
Investors
Issuers of securities
Intermediaries
None of above
SEBI has its western regional office in
Pune
Mumbai
Ahmadabad
Surat
SEBI' s functions are classified as
Quasi- legislative, quasi- judicial and quasi-administrative
Quasi- legislative, quasi- judicial and quasi- executive
Quasi- legislative, quasi- authority and quasi- executive
Quasi- government, quasi- judicial and quasi- executive
Appeal against SEBI' s orders lies to
Stock market tribunal
Securities appellate tribunal
Supreme court
None of above
When company publicly sells new stocks and bonds for first time, it does so In
Stock market
Primary market
Secondary market
Investment market
Example of secondary market
BSE
NSE
NYSE
All of above
Where is headquarters of NABARD
Mumbai
Delhi
Gurugram
Bengaluru
Power of SEBI under SEBI act
Withdraw recognition of stock exchange
Issue directions to recognize stock exchange
Prevent fraudulent and unfair trade practices
Handle licensing of dealers in securities in certain areas
Large number of SHGs have been linked to credit, resulting in important Indian tool for microfinance, by endeavour of
NABARD
RBI
IRDAI
SEBI
Under SCRA, SEBI has power to
Investigations
Seize records
Specify listing requirements
Withdraw recognition of stock exchange
Situation in market in which sellers independently strive for buyers' patronage in order to achieve certain business objectives
Market share
Competition
Market segment
All of above
Regional office of SEBI is not located in
Chennai
Kolkota
Chandigarh
Ahmadabad
IRDAI stands for
Income regulatory and development authority of India
Indemnity regulatory and development authority of India
Insurance regulatory and development authority of India
Insurance regulatory department of India
Which of following statement is true? IRDAI comprises of
Not more than 5 whole time members, and not more than 4 part- time members
Not more than 4 whole time members, and not more than 5 part- time members
More than 4 whole time members, and more than 5 part- time members
Not more than 5 whole time members, and no more than 5 part- time members
