Question : Which of the following institutions is responsible for regulating and supervising the functioning of asset management companies in India?
Option 1: Securities and Exchange Board of India (SEBI)
Option 2: Reserve Bank of India (RBI)
Option 3: National Stock Exchange of India (NSE)
Option 4: None of the above
Correct Answer: Securities and Exchange Board of India (SEBI)
Solution : The correct answer is (a) Securities and Exchange Board of India (SEBI).
SEBI is the primary regulator for all funds and asset management or advisory activities in India, in accordance with the SEBI Act, 1992 (SEBI Act). SEBI is responsible for regulating the functioning of asset management companies in India, including the following:
Licensing and registration of asset management companies
Setting and enforcing standards for asset management companies
Monitoring the activities of asset management companies
Ensuring the protection of investors' interests
The Reserve Bank of India (RBI) is responsible for regulating the banking sector in India. However, RBI does not have any specific regulatory role in the asset management sector.
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Question : Anglo India Ltd. has an Operating Profit Ratio of 10%. To maintain this ratio at 15%, management may ____________.
Option 1: Increase selling price of Stock in-trade.
Option 2: Reduce Cost of Revenue from Operations.
Option 3: Increase selling price of Stock-in-Trade and to reduce Cost of Revenue from Operations.
Question : The Foreign Exchange Regulation Act was replaced by the ______ in India.
Option 1: Foreign Exchange Currency Act
Option 2: Foreign Exchange Finances Act
Option 3: Foreign Exchange Funds Act
Option 4: Foreign Exchange Management Act
Question : Which agency is responsible for disaster management in India?
Option 1: Ministry of Health and Family Welfare
Option 2: National Disaster Management Authority (NDMA)
Option 3: Central Pollution Control Board (CPCB)
Option 4: Ministry of Power
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