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SEBI

Which of the following is the apex body for regulating the securities market in India?

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Sample IE & IFS — Indian Economy & Indian Financial System Questions

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1. Which of the following is the apex body for regulating the securities market in India?

A. RBI

B. SEBI ✓

C. IRDAI

D. NABARD

SEBI (Securities and Exchange Board of India) is the apex regulatory body for the securities market, established in 1992 under the SEBI Act.

2. The Cash Reserve Ratio (CRR) is maintained by scheduled commercial banks with:

A. Government of India

B. NABARD

C. Reserve Bank of India ✓

D. State Bank of India

CRR is the percentage of NDTL that banks must maintain as cash balance with RBI. It is a monetary policy tool under Section 42 of the RBI Act 1934.

3. NITI Aayog was established in which year to replace the Planning Commission?

A. 2012

B. 2014

C. 2015 ✓

D. 2016

NITI Aayog (National Institution for Transforming India) was established on January 1, 2015 by a resolution of the Union Cabinet, replacing the Planning Commission.

4. Which of the following is NOT a component of India's Balance of Payments?

A. Current Account

B. Capital Account

C. Revenue Account ✓

D. Financial Account

Balance of Payments has two main components: Current Account (trade in goods/services) and Capital/Financial Account (investments, loans). Revenue Account is a government budget concept, not BoP.

5. Priority Sector Lending target for domestic commercial banks is what percentage of ANBC?

A. 18%

B. 40% ✓

C. 75%

D. 25%

As per RBI Master Direction on PSL, domestic commercial banks must lend 40% of Adjusted Net Bank Credit (ANBC) to priority sectors including agriculture (18%), micro enterprises (7.5%), and weaker sections (12%).