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Need for Regulation

Q1.

Which of the following is/are departments of The Ministry of Finance?

Department of economic affairs

Department of financial services

Department of Disinvestment oversees

All of the above

Q2.

________ is the nodal agency of the Central Government to formulate and monitor India’s macroeconomic policies, covering monetary and fiscal policy as well as the functioning of the Capital Market including stock exchanges

Department of financial services

Department of revenue

Department of economic affairs

Ministry of corporate affairs

Q3.

The Ministry of Corporate Affairs is responsible for administering which of the following acts?

Companies Act, 1956

Competition Act, 2002

Partnership Act, 1932

All of the above

Q4.

Which of the following is not a function of RBI?

Recognizing and regulating the functions of a stock market under the Securities Contracts Regulation Act

Managing foreign exchange

Issuing currency

Regulating and supervising the financial system

Q5.

Which of the following is/are the initiatives undertaken by the BFS?

Introduction of offsite surveillance

Strengthening the role of statutory auditors

Restructuring of the system of bank inspections

All of the above

Q6.

_______ regulates mutual funds, depositories, custodians and Registrars & Transfer agents in the country.

RBI

SEBI

IRDA

PFRDA

Q7.

_______has laid down regulations to prevent insider trading and unfair trade practices which are detrimental to the interests of the investor.

RBI

SEBI

IRDA

PFRDA

Q8.

Which of the following is not a function of IRDA?

Spelling out the required qualifications, code of conduct and practical training for intermediaries including insurance intermediaries and agents

Specifying the code of conduct for surveyors and loss assessors

Regulating the investment of funds by insurance companies

None of the above

Q9.

Which of the following is a body regulating pension funds?

RBI

SEBI

IRDA

PFRDA

Q10.

_______ was created in 1964 to deal with offences under various sections of the Indian Penal Code and notified Special Acts mainly relating to serious frauds in banks, stock exchanges, financial Institutions etc.

Financial Intelligence Unit

Economic offences wing

MCA

None of the above

Q11.

Which of the following is not covered by EOD?

Banking frauds

To establish and maintain a database on cash and suspicious transactions

Frauds involving manipulation of share prices, insider trading and others

Frauds relating to foreign trade

Q12.

Which of the following is not a function of Financial Intelligence unit?

To undertake research and analysis in order to monitor and identify strategic areas on money laundering trends and other such developments

To share information on suspicious transactions with its counterparts and regulatory bodies in other countries

Forgery of travel documents, identity papers and overseas job rackets

To serve as the nerve centre for receiving reports on cash and other suspicious transactions

Q13.

Which of the following is not a SRO?

ICAI

Mutual Funds

Stock exchanges

None of the above

Q14.

________ is vested with the responsibility of prohibiting fraudulent and unfair trade practices relating to the securities market, including insider trading.

SEBI

RBI

EOW

FIU

Q15.

Which of the following is not covered under Securities Contract Act, 1956?

Granting recognition to stock exchanges

Power to prohibit undesirable speculation

Corporatization and demutualisation of stock exchanges

Audit of accounts of members

Q16.

Which of the following is/are covered under The Securities Contract Act, 1957

Qualification norms for membership of a recognized stock exchange

Maintaining and preserving books of accounts by every recognized stock exchange and by every member

Requirements with respect to listing of securities on a recognized stock exchange

All of the above

Q17.

With regard to the securities market, which of the following sections is most important under Indian Contract Act, 1872?

Essentials of a valid contract

Performance of a contract

Law of agency

Legality of object and consideration

Q18.

Under Prevention of Money-Laundering Act, 2002, which of the following offence come under Part B?

Counterfeiting currency notes under the Indian Penal Code to punishment for unlawful activities under the Unlawful Activities (Prevention) Act, 1967

Money laundering if the total value of such offences is Rs 30 lac or more

Both of a & b

None of the above

Q19.

Which of the following sections of PMLA makes it clear that when a person is accused of having engaged in money-laundering, the burden of proving that the proceeds of the alleged crime are untainted shall be on the accused?

Q20.

Which of the following is incorrect about investor protection under SEBI Regulations, 2008?

High standards of service

Exercise of due diligence

Act in Collusion

Protect interests of investor

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