CMA Intermediate · Financial Management and Business Data Analytics · Financial Institutions
A data analyst is classifying entities in the Indian financial system. Which entity is correctly paired with its role as regulator of the stated segment?
SEBI is the regulator of the securities market in India. Banking is supervised by the RBI, insurance by IRDAI and pensions by PFRDA, while NABARD is a development finance institution for agriculture and rural credit rather than a securities regulator.
- ASEBI regulates the securities marketCorrect
- BIRDAI regulates the commercial banking sector
- CNABARD regulates the securities market
- DPFRDA regulates the money market
Explanation
SEBI regulates the securities market. Commercial banking is regulated by the RBI, not IRDAI. NABARD is an apex development bank for agriculture and rural credit, and PFRDA regulates pension funds, not the money market.
Did you get it right without looking?
One question tells you little. A timed set on Financial Institutions shows your real accuracy, how long you take and where you lose marks.
More Financial Institutions questions
- A development bank refinances a commercial bank's term loans to farmers at 6.5% per annum, and the commercial bank lends to farmers at 9% pe…
- Which statement about the National Pension System (NPS) in India is correct?
- In the structure of the Indian financial system, which of the following is classified as a financial instrument rather than a financial inst…
- The RBI lowers the repo rate, the rate at which it lends short-term funds to commercial banks against government securities. Other things eq…
- Under the Indian securities market structure, which of the following is a function of a depository such as NSDL or CDSL?
- A financial system channels savings of households into investment by firms through banks, which pool small deposits and make large loans of …