Important Banking Awareness Quizzes (Topic Wise) for SBI / IBPS Exams 2017

Important Banking Awareness Quizzes (Topic Wise) for SBI / IBPS Exams 2017:

Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming SBI / IBPS Exams 2017 can make use of it.

Regulatory Bodies in India

1. In India Capital Market is Regulated by__________.

1). The main aim of Securities and Exchange Board of India (SEBI) is to protect the interest of investor in securities. It is a sole regulator for all stock exchanges in India. If any company wants to bring Initial Public Offering (IPO) it needs prior approval from SEBI.
Answer: C

2. Who is responsible to appoint the Chairman for SEBI__________.

2). The chairman of SEBI is appointed by GOI .The term of SEBI chairman is three years. Present Chairman is Mr. Ajay Tyagi
Answer: C

3. In which year Government of India established Securities and Exchange Board of India___________.

3). SEBI was established in 1988 but it got statuary powers (Legal Status) in January 30, 1992. Head Quarters – Mumbai
Answer: A

4. Insurance Regulatory and Development Authority (IRDA) of India was established in___________.

4). IRDA was established in 1999 by the IRDA act, 1999. IRDA is a sole authority to regulate the insurance industry in India, to ensure the growth of insurance industry and protect the interest of policy holders.
Answer: D

5. Who is the Chairman for Insurance Regulatory and Development Authority of India ___________.

5). The term of IRDA chairman is for five years or till the age of 65 years
Answer: A

6. Head Quarters of IRDA is___________.

6). Originally it was located in New Delhi but later in 2001 shifted to Hyderabad, Telangana
Answer: C

7. In India Commodity Market is regulated by___________.

7). Previously commodity market regulated by FMC but in 2015, FMC merged with SEBI. So now in India SEBI regulates the Commodity market
Answer: D

8. Public health & Food Safety is regulated by___________.

8). FSSAI- Food Safety and Standards Authority of India
Answer: B

9. Head quarters of Food Safety and Standards Authority of India is___________.

9). Answer: C

10. Who is the Chairman for FSSAI ___________.

10).CEO - Pawan Kumar Agarwal
Answer: B

11. Head quarters of Bureau of Indian Standards (BIS) is ___________.

11).Manak Bhawan in New Delhi is the head quarters of BIS. The Bureau of Indian Standards (BIS) is the national Standards Body of India working under the aegis of Ministry of Consumer Affairs, Food & Public Distribution and Government of India.
Answer: B

12. Bureau of Indian Standards was established in ___________.

12).It is established by the Bureau of Indian Standards Act, 1986 which came into effect on 23 December 1986
Answer: D

13. Director General of Bureau of Indian Standards is ___________.

13). Answer: B

14. In India Chit Funds are regulated by ___________.

14).Chit funds in India are governed by the Chit Funds Act, 1982. Under this Act, the chit fund businesses can be registered and regulated only by the respective State Governments
Answer: D

15. Who is the regulator of Foreign Exchange (Forex Market) in India ___________.

15).The Foreign Exchange Regulation Act (FERA) was passed in India in 1973.
Answer: B

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