Test 602 Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Corporate and Economic Laws Total Number of Question: 40 Time: 41 Minutes Please check your email after completion of test for result. All the best... Name Phone No Email State 1. What does SEBI stand for? Securities and Equity Board of India Securities and Exchange Bureau of India Securities and Exchange Board of India Stock Exchange Board of India None 2. Under which Act was SEBI established? Companies Act, 1956 SEBI Act, 1992 Securities Act, 1995 Foreign Exchange Management Act, 1999 None 3. The primary objective of SEBI is to: Protect the interests of investors Regulate the securities market Promote the development of the securities market All of the above None 4. SEBI is a: Government Department Statutory Body Advisory Body Voluntary Organization None 5. Which of the following is a key function of SEBI? Issuing bank notes Regulating stock exchanges and securities markets Monitoring foreign trade policies Regulating public enterprises None 6. An IPO is regulated by SEBI to ensure: Market liquidity Investor protection Economic growth None of the above None 7. Insider trading refers to trading based on: Market trends Non-public, price-sensitive information Stock recommendations Technical analysis None 8. The SEBI Insider Trading Regulations were first introduced in: 1992 2000 2015 2020 None 9. SEBI's powers to investigate insider trading cases come from: The Companies Act SEBI Act, 1992 FEMA RBI Guidelines None 10. Which of the following does SEBI require for IPO disclosures? Company’s financial health Business risks Use of proceeds All of the above None 11. SEBI Takeover Code is applicable when: A person acquires 10% or more voting rights A person acquires 25% or more voting rights A person acquires 50% or more voting rights A person acquires 75% or more voting rights None 12. The mandatory open offer threshold is triggered under: Companies Act SEBI Substantial Acquisition of Shares and Takeover (SAST) Regulations Foreign Exchange Management Act Competition Act None 13. SEBI can impose penalties for non-compliance with regulations under: SEBI Act, 1992 Companies Act, 2013 FEMA, 1999 Income Tax Act, 1961 None 14. Penalty for insider trading can extend up to: ₹5 lakh ₹10 crore or three times the profit made ₹1 crore None of the above None 15. The SEBI LODR Regulations, 2015, focus on: Registration of mutual funds Disclosure and transparency by listed entities Prohibition of insider trading Regulation of public issues None 16. As per SEBI LODR Regulations, quarterly financial results must be submitted within: 7 days 15 days 30 days 45 days None 17. The audit committee of a listed company must comprise at least: 2 directors 3 directors 4 directors 5 directors None 18. The role of the SEBI Investor Protection Fund is to: Compensate investors for losses due to fraud Provide financial education to investors Support financial institutions during crises Fund corporate social responsibility initiatives None 19. SEBI introduced mutual fund regulations in the year: 1993 1996 2000 2005 None 20. Which of the following entities is responsible for managing mutual funds in India? Custodian Asset Management Company (AMC) SEBI Depository Participant None 21. The minimum net worth requirement for an AMC under SEBI regulations is: ₹5 crore ₹10 crore ₹15 crore ₹20 crore None 22. SEBI mandates that mutual funds must invest at least ___% of their assets in securities. 50% 65% 80% 100% None 23. SEBI’s PFUTP regulations aim to prohibit: Corporate takeovers Money laundering Market manipulation and fraudulent practices Insider trading None 24. Circular trading involves: Trading of securities in a single day Manipulating prices through pre-arranged trades Buying shares of only one company Using insider information for trading None 25. Penalty for engaging in fraudulent and unfair trade practices under SEBI regulations can extend up to: ₹5 lakh ₹10 crore or three times the gain made ₹1 crore ₹50 lakh None 26. Who is responsible for registering stockbrokers in India? RBI Ministry of Finance SEBI Stock Exchanges None 27. SEBI mandates that merchant bankers must have a minimum net worth of: ₹5 crore ₹10 crore ₹15 crore ₹20 crore None 28. A depository participant acts as an intermediary between: SEBI and investors Depositories and investors Stock exchanges and investors Mutual funds and investors None 29. SEBI mandates that independent directors should make up at least ___% of the board in listed companies. 33% 50% 25% 10% None 30. The tenure of an independent director in a listed company is limited to: 2 years 5 years 10 years 15 years None 31. The SEBI regulation promoting gender diversity in boards mandates the appointment of: At least one female director At least two female directors Only independent female directors No specific requirement None 32. Which of the following is NOT a market infrastructure institution regulated by SEBI? Stock exchanges Clearing corporations Depositories Commercial banks None 33. Depositories facilitate: Physical delivery of securities Digital ownership and transfer of securities Issuance of new shares Stock exchange trading None 34. NSDL and CDSL are: Stock exchanges Depositories Clearinghouses Brokerages None 35. SEBI's grievance redressal mechanism is managed through: SCORES (SEBI Complaints Redress System) CIBIL NCLT RTI Portal None 36. Which SEBI initiative promotes financial literacy in India? SEBI FINNET SEBI VISION SEBI SMARTS SEBI Investor Awareness Programs None 37. SEBI’s control over commodity derivatives markets started in: 2005 2010 2015 2020 None 38. Foreign Portfolio Investors (FPIs) are regulated by SEBI under: SEBI Act, 1992 SEBI (FPI) Regulations, 2019 Companies Act, 2013 FEMA, 1999 None 39. SEBI collaborates with which global organization for cross-border securities regulation? IMF IOSCO WTO BIS None 40. The key role of SEBI in the financial markets includes: Regulating issuance of IPOs Preventing market malpractices Protecting investor interest All of the above None 1 out of 4 Great job on taking the INCOC Test! We appreciate your interest in test. Look out for results and future opportunities. Stay Connected !! Your quiz time is about to finish. Few seconds left. Time's upYou cannot switch tabs while taking this quiz!You are not allowed to switch tabs violation has been recorded.you cannot minimize full screen mode!You are not allowed to minimize full screen while taking this quiz, violation has been recorded.Access denied! 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