The 'Reserve Bank of India' (RBI) regulates: MCQ with Answer and Explanation

Question

Share Report Error

The 'Reserve Bank of India' (RBI) regulates:

A. Monetary policy, banking, and financial system stability

B. Stock exchanges

C. Insurance companies

D. Pension funds

Answer: Option A

Solution (By JKSSB Mock Tests)

RBI is the central bank responsible for monetary policy and banking regulation.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1

The 'Rotation of Audit Partners' for listed companies is required every:

A. 7 years (as per Companies Act 2013, audit firm rotation for certain companies, partner rotation for listed companies)

B. No rotation

C. 5 years

D. 10 years

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Companies Act 2013 mandates partner rotation for listed companies.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

The term 'Window Dressing' in accounting refers to:

A. Manipulation of financial statements to present a better picture

B. Decorating the office

C. Maintaining proper records

D. Auditing process

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Window dressing is the act of manipulating financial data to make the company's financial position appear more favorable than it actually is.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3

Which of the following qualitative characteristics of accounting information requires that information should not be biased?

A. Comparability

B. Reliability

C. Understandability

D. Relevance

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Reliability ensures that the accounting information is free from error and bias, faithfully representing what it purports to represent.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Explore All Accountancy and Book Keeping MCQs