The 'Securities and Exchange Board of India' was established in 1988 but became a statutory body in: MCQ with Answer and Explanation

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The 'Securities and Exchange Board of India' was established in 1988 but became a statutory body in:

A. 2000

B. 1992

C. 1990

D. 1995

Answer: Option B

Solution (By JKSSB Mock Tests)

SEBI became a statutory body in 1992.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Pension Fund Regulatory and Development Authority' is a:

A. constitutional body

B. statutory body

C. government department

D. private company

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Correct Answer: Option B

Explanation:
PFRDA is a statutory body established under the PFRDA Act, 2013.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Rs 2000 note' in India was introduced after demonetization in:

A. 2018

B. 2020

C. 2016

D. 2014

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Correct Answer: Option C

Explanation:
Rs 2000 note was introduced in November 2016 after demonetization.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on electricity transmission and distribution is:

A. 0%

B. not under GST

C. 18%

D. 5%

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Correct Answer: Option B

Explanation:
Electricity transmission and distribution are outside GST.

This question belongs to: Economy GK Economy Set 1

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