Which of the following is NOT a function of SEBI? MCQ with Answer and Explanation

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Which of the following is NOT a function of SEBI?

A. Regulating the securities market

B. Promoting the development of the securities market

C. Protecting the interests of investors

D. Issuing currency notes

Answer: Option D

Solution (By JKSSB Mock Tests)

Issuing currency notes is the function of RBI. SEBI regulates the securities market, protects investors and promotes the orderly development of the capital market.

This question belongs to: Economy GK Economy Set 1

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Question #1

The Reserve Bank of India was established in 1935 under the:

A. Reserve Bank of India Act, 1934

B. Companies Act, 1956

C. Banking Regulation Act, 1949

D. Negotiable Instruments Act, 1881

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Correct Answer: Option A

Explanation:
The RBI was established under the Reserve Bank of India Act, 1934.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'exchange traded fund' for disinvestment of public sector enterprises is managed by:

A. SEBI-registered asset management companies

B. IRDAI

C. RBI

D. PFRDA

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Correct Answer: Option A

Explanation:
PSU ETFs are managed by SEBI-registered asset management companies.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'current daily status' of unemployment measures unemployment on:

A. monthly basis

B. a day basis

C. yearly basis

D. weekly basis

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Correct Answer: Option B

Explanation:
Current daily status measures unemployment for each day of the reference week.

This question belongs to: Economy GK Economy Set 1

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