INDIAN FINANCIAL SYSTEM - REGULATORS & THEIR ROLES
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Indian Economy and Indian Financial System — JAIIB.
One-liners from this chapter
Free sample — 8 of 65 rapid-fire Q&A cards.
Which apex body regulates and supervises the commercial banking system in India?
The Reserve Bank of India (RBI) is the apex body that regulates and supervises the commercial banking system in India under the RBI Act, 1934 and the Banking Regulation Act, 1949.
Which Act established the Reserve Bank of India?
The Reserve Bank of India Act, 1934.
What is the primary objective of the Securities and Exchange Board of India (SEBI)?
The primary objective of SEBI is to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market in India.
What is the primary function of SEBI in the capital market?
Protect investors and regulate securities market in India.
Under which Act was the Insurance Regulatory and Development Authority of India (IRDAI) established?
IRDAI was established under the Insurance Regulatory and Development Authority Act, 1999, and it regulates and promotes the insurance and re-insurance industry in India.
Which regulator issues the license for opening a new private sector bank in India?
Reserve Bank of India issues banking licenses.
Which regulator oversees the pension sector in India?
The Pension Fund Regulatory and Development Authority (PFRDA) oversees the pension sector in India, established under the PFRDA Act, 2013.
What is the full form of FSDC in the Indian financial system?
Financial Stability and Development Council.
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