All questions of Indian Financial Market for BPSC (Bihar) Exam

Consider the following statements:
1. The Discount and Finance House of India Limited (DFHI) was established by the RBI jointly with public sector banks and financial investment institutions.
2. NBFCs were put under the regulatory control of the RBI in the mid-1980s.
3. Mutual funds in India are regulated solely by the RBI.
Which of the statements given above is/are correct?
a)
1 Only
b)
1 and 2 Only
c)
1 and 3 Only
d)
1, 2 and 3
Correct answer is option 'A'. Can you explain this answer?

Goel UPSC Coaching Center answered

- Statement 1: The Discount and Finance House of India Limited (DFHI) was indeed set up in April 1988 by the RBI jointly with public sector banks and financial investment institutions (such as LIC, GIC, and UTI). This statement is correct.
- Statement 2: NBFCs were actually put under the regulatory control of the RBI in 1997, not in the mid-1980s. Hence, this statement is incorrect.
- Statement 3: Mutual funds in India are regulated by both the RBI and SEBI, with SEBI being the primary regulator. This statement is incorrect.
Thus, only statement 1 is correct. Therefore, the correct answer is Option A: 1 Only.

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Consider the following pairs:
1. IFCI Venture Capital Funds Ltd - 2000
2. Tourism Finance Corporation of India Ltd (TFCI) - 1990
3. Life Insurance Corporation of India (LIC) - 1956
4. Securities and Exchange Board of India (SEBI) - 1992
How many pairs given above are correctly matched?
a)
Only one pair
b)
Only two pairs
c)
Only three pairs
d)
All four pairs
Correct answer is option 'C'. Can you explain this answer?

S.S Career Academy answered

1. IFCI Venture Capital Funds Ltd - 2000: Correct.- IFCI Venture Capital Funds Ltd was set up in 2000 to promote venture capital funding in India.

2. Tourism Finance Corporation of India Ltd (TFCI) - 1990: Incorrect.- TFCI was actually set up in 1989, not 1990.

3. Life Insurance Corporation of India (LIC) - 1956: Correct.- LIC was established in 1956 when the life insurance business in India was nationalized.

4. Securities and Exchange Board of India (SEBI) - 1992: Correct.- SEBI was set up in 1988 but was given statutory powers in 1992 to regulate the securities market in India.

Thus, three pairs are correctly matched.

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