Which of the following is a function of the Securities and Exchange Board of India? MCQ with Answer and Explanation

Which of the following is a function of the Securities and Exchange Board of India?
A. Formulating monetary policy
B. Regulating the securities market and protecting investor interests
C. Issuing currency notes
D. Collecting direct taxes
Answer: Option B
Solution (By JKSSB Mock Tests)
SEBI is the regulator of the Indian securities market; its mandate includes protecting investors, promoting the development of the market and regulating market intermediaries.

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Practice More Economy Set 1 Questions

Question #1
The 'Economic and Social Council' is one of the principal organs of:
A. IMF
B. World Bank
C. United Nations
D. WTO

Correct Answer: Option C


Explanation:
The Economic and Social Council is a principal organ of the United Nations.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of the Indian agricultural sector?
A. Predominance of small and marginal farmers
B. High and uniform productivity across states
C. Complete independence from monsoon
D. High capital intensity comparable to industry

Correct Answer: Option A


Explanation:
Indian agriculture is dominated by small and marginal landholdings, leading to challenges of scale, productivity and access to credit and technology.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Budget Division' in India is a part of which ministry?
A. Ministry of Commerce
B. NITI Aayog
C. Ministry of Finance
D. Ministry of Statistics

Correct Answer: Option C


Explanation:
Budget Division is part of the Department of Economic Affairs, Ministry of Finance.

This question belongs to: Economy GK Economy Set 1