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Advanced Wealth Management Course (IIBF) - Paper 1

Part I: Ch 9: Regulation of the Indian Financial System

Q1.

Indian’s Central bank – the RBI – was established on__________.

March 1, 1935

April 1, 1935

March 1, 1936

April 1, 1936

Q2.

Which was order of creation of regulation authority?

SEBI, RBI, IRDA

IRDA, SEBI, RBI

RBI, SEBI, IRDA

IRDA, RBI, SEBI

Q3.

Prudential supervision by RBI is achieved through controls on banks including amounts of capital held and liquid assets.

True

False

Q4.

Regulation performs an important role in:

Maintaining confidence

Encouraging investment

Deterring fraud

All of the above

Q5.

The National Stock Exchange (NSE) was incorporated in ___________ by Industrial Development bank of India.

1990

1991

1992

1993

Q6.

Prudential supervision is concerned with:

Regulations imposed on Banks aimed at the protection of depositors, investors and other creditors

Control over ownership of the bank

Regulations imposed on Banks aimed at the protection of the shareholders

RBI’s role in ‘guaranteeing’ bank deposit

Q7.

(I) RBI licenses and prudentially regulates all banks, Insurance Companies and Non-Banking Finance Company. (II) NSE brings an integrated stock market trading network across the nation.

Both the statements are correct

Only statement (I) is correct

Only statement (II) is correct

Both the statements are wrong

Q8.

Which is the main regulatory authority currently responsible for supervising Superannuation products:

SEBI

IRDA

RBI

Both (a) & (c)

Q9.

Which of the following function/s and power/s of the RBI?

Supervision of Banking Sector

Control of Non-Banking Financial Companies

Liquidity support

Both (a) & (c)

All of the above

Q10.

The self regulatory bodies is/are:

NSE

BSE

Both (a) & (b)

None of the above

Q11.

The main regulatory authority currently responsible for supervising Money changers:

RBI

SEBI

IRDA

None of the above

Q12.

SEBI has responsibility for financial system’s stability, confidence and efficient performance.

True

False

Q13.

The rules governing all companies and other securities listed on the Indian stock exchanges are known as the ‘Business and Listing Rules’.

True

False

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