The 'Insolvency and Bankruptcy Board of India' regulates: MCQ with Answer and Explanation

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The 'Insolvency and Bankruptcy Board of India' regulates:

A. insolvency professionals and agencies

B. stock exchanges

C. insurance companies

D. banks only

Answer: Option A

Solution (By JKSSB Mock Tests)

IBBI regulates insolvency professionals, agencies and information utilities.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Monetary Policy Committee' was constituted under which act?

A. Negotiable Instruments Act, 1881

B. RBI Act, 1934

C. Companies Act, 2013

D. Banking Regulation Act, 1949

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Correct Answer: Option B

Explanation:
The MPC was constituted under the Reserve Bank of India Act, 1934 as amended.

This question belongs to: Economy GK Economy Set 1

Question #2

The value of the SDR is based on a basket of how many currencies?

A. 6

B. 3

C. 5

D. 4

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Correct Answer: Option C

Explanation:
The SDR basket consists of five currencies: US dollar, euro, Chinese yuan, Japanese yen and British pound.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Swachh Bharat Mission' consists of two components: rural and:

A. defence

B. agricultural

C. industrial

D. urban

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Correct Answer: Option D

Explanation:
Swachh Bharat Mission has rural and urban components.

This question belongs to: Economy GK Economy Set 1

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