Current Affairs MCQ for UPSC Exams - 20 March 2018

Q1. Which of the following statement(s) is/are true about SEBI?

i) The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India.
ii) It was established in the year 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992.

a) Only i
b) Only ii
c) Both i & ii
d) None of the above

Q2. Which of the following statement(s) is/are true about IRDAI?

i) The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous, statutory agency tasked with regulating and promoting the insurance and re-insurance industries in India.
ii) It was constituted by the Insurance Regulatory and Development Authority Act, 1999, an Act of Parliament passed by the Government of India.

a) Only i
b) Only ii
c) Both i & ii
d) None of the above

Q3. The strait that connects Red sea and Mediterranean sea is?

a) Palk strait
b) Panama strait
c) Bering strait
d) Suez strait
 

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Answer:

1 (c), 2 (c), 3 (d)