Which body regulates the Capital Market in India? MCQ with Answer and Explanation

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Which body regulates the Capital Market in India?

A. NABARD

B. SEBI

C. SIDBI

D. RBI

Answer: Option B

Solution (By JKSSB Mock Tests)

The Securities and Exchange Board of India (SEBI) is the statutory body regulating the securities and capital markets.

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

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Question #1

Which of the following is a limitation of a financial audit?

A. It detects all minor errors

B. It is completely objective with no use of judgment

C. It provides absolute assurance

D. It relies on test checking and sampling

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Correct Answer: Option D

Explanation:
Audits provide reasonable (not absolute) assurance because they heavily rely on sampling and test checking, making it impossible to check every transaction.

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Question #2

The 'Cost Volume Profit' (CVP) analysis is a tool for:

A. Understanding relationship between cost, volume, and profit

B. Tax planning

C. Audit

D. Inventory valuation

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Correct Answer: Option A

Explanation:
CVP analysis helps in profit planning by studying effects of changes in costs and volume.

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Question #3

A high Inventory Turnover Ratio generally indicates:

A. Efficient inventory management and fast sales

B. Slow-moving inventory

C. Low sales volume

D. Overstocking

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Correct Answer: Option A

Explanation:
It means the company replenishes and sells its inventory quickly, pointing to strong sales and efficient management.

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

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