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Advanced Wealth Management Course (IIBF) - Paper 1

Part I: Ch 9: Regulation of the Indian Financial System

Q1.

Indian’s Central bank – the RBI – was established on__________.

March 1, 1935
April 1, 1935
March 1, 1936
April 1, 1936

Q2.

Which was order of creation of regulation authority?

SEBI, RBI, IRDA
IRDA, SEBI, RBI
RBI, SEBI, IRDA
IRDA, RBI, SEBI

Q3.

Prudential supervision by RBI is achieved through controls on banks including amounts of capital held and liquid assets.

True
False

Q4.

Regulation performs an important role in:

Maintaining confidence
Encouraging investment
Deterring fraud
All of the above

Q5.

The National Stock Exchange (NSE) was incorporated in ___________ by Industrial Development bank of India.

1990
1991
1992
1993

Q6.

Prudential supervision is concerned with:

Regulations imposed on Banks aimed at the protection of depositors, investors and other creditors
Control over ownership of the bank
Regulations imposed on Banks aimed at the protection of the shareholders
RBI’s role in ‘guaranteeing’ bank deposit

Q7.

(I) RBI licenses and prudentially regulates all banks, Insurance Companies and Non-Banking Finance Company. (II) NSE brings an integrated stock market trading network across the nation.

Both the statements are correct
Only statement (I) is correct
Only statement (II) is correct
Both the statements are wrong

Q8.

Which is the main regulatory authority currently responsible for supervising Superannuation products:

SEBI
IRDA
RBI
Both (a) & (c)

Q9.

Which of the following function/s and power/s of the RBI?

Supervision of Banking Sector
Control of Non-Banking Financial Companies
Liquidity support
Both (a) & (c)
All of the above

Q10.

The self regulatory bodies is/are:

NSE
BSE
Both (a) & (b)
None of the above

Q11.

The main regulatory authority currently responsible for supervising Money changers:

RBI
SEBI
IRDA
None of the above

Q12.

SEBI has responsibility for financial system’s stability, confidence and efficient performance.

True
False

Q13.

The rules governing all companies and other securities listed on the Indian stock exchanges are known as the ‘Business and Listing Rules’.

True
False

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