SEBI, NHB and IRDA - Banking awareness questions on current affairs

1)   How many firms have been banned by SEBI which are suspected to be platforms for tax evasion?
- Published on 08 Sep 15

a. 500
b. 600
c. 764
d. More than 900
Answer  Explanation  Related Ques

ANSWER: More than 900

Explanation:
Suspecting tax evasion of at least 5,000 to 6,000 crore rupees, Securities and Exchange Board of India (SEBI) has clamped down on a large number of organised syndicates who had set up shops to convert black money into legitimate-looking funds through the stock market platform.


2)   Who has allowed banks to tie up with insurers, to sell three products each from life, non-life and standalone health insurance segment?
- Published on 08 Sep 15

a. RBI
b. SIDBI
c. NABARD
d. IRDAI
Answer  Explanation  Related Ques

ANSWER: IRDAI

Explanation:
The Insurance Regulatory and Development Authority of India Member Nilesh Sathe announced that the decision will not be binding on banks who are free to take their call.


3)   Who cancelled Sahara Mutual Fund license on 28th July’15?
- Published on 08 Sep 15

a. Supreme Court
b. SEBI
c. BSE
d. CRISIL
Answer  Explanation  Related Ques

ANSWER: SEBI

Explanation:
The Securities and Exchange Board of India has cancelled Sahara asset Management Company’s license. The market regulator in its order said that the company is not fit and proper entity to carry out the business of mutual fund. It said, Sahara’s fund management license would stand cancelled after 60 days from the date of the order. It has directed Sahara AMC not to take any new subscription from the investors including existing investors in systematic investment plans and also not to levy any penalties on the investors for not depositing the instalments.


4)   The performance of which scheme does the National Housing Bank monitor?
- Published on 20 Jul 15

a. Liberalized Finance Scheme
b. Golden Jubilee Rural Housing Finance Scheme
c. Energy Efficient Housing Finance Scheme
d. Finance scheme for indirect loans
Answer  Explanation  Related Ques

ANSWER: Golden Jubilee Rural Housing Finance Scheme

Explanation:
The National Housing Bank monitors the performance of the Golden Jubilee Rural Housing Finance Scheme implemented through the scheduled banks of HDFC and the Cooperative Sector Institutions. During 2009-10, 3.9 lakh dwelling units were successfully financed against a target of 3.5 lakh units.


5)   According to which guidelines did the Government pick up the entire SBI shares held by the RBI?
- Published on 20 Jul 15

a. National Stock Exchange of India
b. Securities Commission
c. Financial Regulations
d. Securities and Exchange Board of India (SEBI)
Answer  Explanation 

ANSWER: Securities and Exchange Board of India (SEBI)

Explanation:
As per the guidelines of the Securities and Exchange Board of India (SEBI), the Government picked up the entire SBI shares held by the RBI at a price of Rs. 1,130.35 a share.


6)   When was the Insurance Regulatory and Development Authority constituted?
- Published on 20 Jul 15

a. 1938
b. 1971
c. 1993
d. 1999
Answer  Explanation 

ANSWER: 1999

Explanation:
The Insurance Regulatory and Development Authority (IRDA) was set up as an autonomous body under the IRDA Act, 1999.


7)   Who regulates the Mutual Funds in India?
- Published on 20 Jul 15

a. FRBI
b. SEBI
c. SIDBI
d. RBI
Answer  Explanation 

ANSWER: SEBI

Explanation:
The Securities and Exchange Board of India is the regulator for the securities market in India.


8)   When did the National Housing Bank start its operations?
- Published on 19 Oct 15

a. July, 1982
b. July, 1988
c. April, 1980
d. March, 1971
Answer  Explanation 

ANSWER: July, 1988

Explanation:
The National Housing Bank, the apex institution of housing finance in India, is a wholly-owned subsidiary of RBI. It started operating from July, 1988 with an authorised paid-up capital of RS. 450 crore.


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