SEBI was given statutory status in which year? MCQ with Answer and Explanation

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SEBI was given statutory status in which year?

A. 1988

B. 1995

C. 1992

D. 2000

Answer: Option C

Solution (By JKSSB Mock Tests)

SEBI was established in 1988 and given statutory status in 1992.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Food Processing Industries' in India are classified as which sector?

A. Secondary

B. Quaternary

C. Tertiary

D. Primary

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Correct Answer: Option A

Explanation:
Food processing is a secondary sector manufacturing activity.

This question belongs to: Economy GK Economy Set 1

Question #2

A Special Economic Zone is a geographical region with:

A. liberal economic laws to promote exports and investment

B. higher tariffs than the rest of the country

C. no private sector activity

D. complete prohibition of imports

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Correct Answer: Option A

Explanation:
SEZs have more liberal economic laws to promote exports and investment.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Income Tax Department' in India works under:

A. SEBI

B. NITI Aayog

C. RBI

D. Ministry of Finance

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Correct Answer: Option D

Explanation:
Income Tax Department is under the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

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