Economics (Part – V)

Total Questions: 50

11. Securities and Exchange Board of India is a [S.S.C. Online C.G.L. (T-I) 30.08.2016 (Shift-III)]

Correct Answer: (b) Regulatory Body
Solution:The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance, Government of India. It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through the SEBI Act, 1992.

12. SEBI is________. [S.S.C. Online CHSL (T-I) 6.03.2018 (Shift-II)]

Correct Answer: (c) Statutory Body
Solution:The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India. It was established as a statutory body in the year 1992 and the provisions of the Securities and Exchange Board of India Act, 1992 (15 of 1992) came into force on January 30, 1992.

13. Which central agency is responsible for regulating the stock market in India? [S.S.C. Online MTS (T-I) 21.08.2019 (Shift-III)]

Correct Answer: (d) SEBI
Solution:The Securities and Exchange Board of India (SEBI) is the regulatory authority established under the SEBI Act 1992 and is the principal regulator for Stock Exchanges in India. SEBI's primary functions include protecting investor interests, promoting and regulating the Indian securities markets.

14. The mutual funds industry in India is regulated by which of the following organisations? [S.S.C. Online CHSL (T-I) 12.08.2021 (Shift-III)]

Correct Answer: (b) SEBI and RBI
Solution:SEBI and RBI regulate the mutual fund industry in India. A trust that pools together the savings of many individuals and then invests in capital market instru-ments is referred to as a Mutual Fund.

15. In which year was the Bombay Stock Exchange established? [S.S.C. Online CHSL (T-I) 11.08.2021 (Shift-III)]

Correct Answer: (d) 1875
Solution:Established in 1875, BSE (formerly known as Bombay Stock Exchange), is Asia's first & the Fastest Stock Exchange in the world with a speed of 6 micro seconds and one of India's leading exchange groups.

16. Bombay Stock Exchange became the first stock exchange in India to launch commodity derivatives contract in gold and________ . [S.S.C. Online C.G.L. (T-I) 18.08.2021 (Shift-I)]

Correct Answer: (a) silver
Solution:Bombay Stock Exchange became the first stock exchange in India to launch commodity derivatives contracts in gold and silver.

17. _________ is a type of direct Tax which is levied at the time of sale/purchase of securities through the Indian Stock Exchanges. [S.S.C. Online MTS (T-I) 20.08.2019 (Shift-III)]

Correct Answer: (c) Securities Transaction Tax
Solution:The Securities transaction tax is a tax levied at the time of purchase and sale of securities through the Indian Stock Exchanges. The tax was introduced in the Union Budget of 2004. The National Stock Exchange of India was established in 1992.

18. Which of the following stock exchanges has its index named as 'Sensex'? [S.S.C. JE Civil Exams 30.10.2020 (Shift-I)]

Correct Answer: (b) Bombay Stock Exchange (BSE)
Solution:Sensex, also known as the S&P BSE Sensex index, is the benchmark index of India's BSE, formerly known as the Bombay Stock Exchange.

19. The index titled SENSEX of BSE (erstwhile Bombay Stock Exchange) is an index of trading of top companies in terms of their volume of trade and their share prices. [S.S.C. Online MTS (T-I) 13.10.2021 (Shift-II)]

Correct Answer: (c) thirty
Solution:The index titled SENSEX of BSE (erstwhile Bombay Stock Exchange) is an index of trading of top thirty companies in terms of their volume of trade and their share prices.

20. What is the total number of stocks constituting the basket on which the S & P BSE sensex or the sensitive Index is based? [S.S.C. JE Mechanical Exams 22.03.2021 (Shift-II)]

Correct Answer: (c) Thirty
Solution:Sensex is the benchmark index of the BSE in India. It was launched on January 1, 1986 as a basket of 30 stocks representing the country's largest, financially -sound companies listed on the BSE. The term 'Sensex' is a blend of words 'Sensitive' and 'Index' and was coined by stock market expert Deepak Mohini.