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Which of the following are correctly matched?
1. Merchant Bank - registered and regulated by RBI
2. Nidhi company - regulated by the SEBI
3. Insurance Company - registered and regulated by the IRDA
Choose from the following options.
- a)1 Only
- b)2 and 3 Only
- c)3 Only
- d)All of them
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following are correctly matched? 1. Merchant Bank - regi...
(i) venture capital fund, merchant bank, stockbroking firms (SEBI registers and regulates them);
(ii) insurance company (registered and regulated by the IRDA);
(iii) housing finance company (regulated by the RBI); [ The Finance (No. 2) Act, 2019 has amended the National Housing Bank Act, 1987 conferring certain powers for the regulation of Housing Finance Companies (HFCs) with Reserve Bank of India ]
(iv) Nidhi company (regulated by the Ministry of Corporate Affairs under the Companies Act, 1956); (e) chit fund company (by respective state governments under Chit Funds Act, 1982).
Community Answer
Which of the following are correctly matched? 1. Merchant Bank - regi...
Explanation:
In the given question, we are provided with three different types of financial institutions - Merchant Bank, Nidhi Company, and Insurance Company. We need to match each of these institutions with the correct regulatory authority.
1. Merchant Bank - registered and regulated by RBI: This statement is correct. Merchant banks are financial institutions that provide specialized services such as corporate finance, underwriting of shares and debentures, and advisory services to companies. In India, merchant banks are registered and regulated by the Reserve Bank of India (RBI). The RBI ensures that these institutions comply with the regulations and guidelines related to their functioning.
2. Nidhi company - regulated by the SEBI: This statement is incorrect. Nidhi companies are a type of non-banking financial institution (NBFC) that are primarily involved in accepting deposits and providing loans to their members. They are regulated by the Ministry of Corporate Affairs (MCA) and not by the Securities and Exchange Board of India (SEBI). The MCA sets the rules and regulations for the registration, functioning, and governance of Nidhi companies.
3. Insurance Company - registered and regulated by the IRDA: This statement is correct. Insurance companies in India are registered and regulated by the Insurance Regulatory and Development Authority (IRDA). The IRDA is the regulatory body that oversees the insurance sector in the country. It ensures that insurance companies comply with the necessary regulations, guidelines, and policies to protect the interests of policyholders.
Based on the above analysis, we can conclude that the correct matching is:
- Merchant Bank - registered and regulated by RBI (Option 1)
- Nidhi company - regulated by the SEBI (Option 2) - Incorrect
- Insurance Company - registered and regulated by the IRDA (Option 3)
Therefore, the correct answer is option 'C' - 3 Only.
In the given question, we are provided with three different types of financial institutions - Merchant Bank, Nidhi Company, and Insurance Company. We need to match each of these institutions with the correct regulatory authority.
1. Merchant Bank - registered and regulated by RBI: This statement is correct. Merchant banks are financial institutions that provide specialized services such as corporate finance, underwriting of shares and debentures, and advisory services to companies. In India, merchant banks are registered and regulated by the Reserve Bank of India (RBI). The RBI ensures that these institutions comply with the regulations and guidelines related to their functioning.
2. Nidhi company - regulated by the SEBI: This statement is incorrect. Nidhi companies are a type of non-banking financial institution (NBFC) that are primarily involved in accepting deposits and providing loans to their members. They are regulated by the Ministry of Corporate Affairs (MCA) and not by the Securities and Exchange Board of India (SEBI). The MCA sets the rules and regulations for the registration, functioning, and governance of Nidhi companies.
3. Insurance Company - registered and regulated by the IRDA: This statement is correct. Insurance companies in India are registered and regulated by the Insurance Regulatory and Development Authority (IRDA). The IRDA is the regulatory body that oversees the insurance sector in the country. It ensures that insurance companies comply with the necessary regulations, guidelines, and policies to protect the interests of policyholders.
Based on the above analysis, we can conclude that the correct matching is:
- Merchant Bank - registered and regulated by RBI (Option 1)
- Nidhi company - regulated by the SEBI (Option 2) - Incorrect
- Insurance Company - registered and regulated by the IRDA (Option 3)
Therefore, the correct answer is option 'C' - 3 Only.
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Which of the following are correctly matched? 1. Merchant Bank - registered and regulated by RBI2. Nidhi company - regulated by the SEBI3. Insurance Company - registered and regulated by the IRDAChoose from the following options.a) 1 Onlyb) 2 and 3 Onlyc) 3 Onlyd) All of themCorrect answer is option 'C'. Can you explain this answer?
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Which of the following are correctly matched? 1. Merchant Bank - registered and regulated by RBI2. Nidhi company - regulated by the SEBI3. Insurance Company - registered and regulated by the IRDAChoose from the following options.a) 1 Onlyb) 2 and 3 Onlyc) 3 Onlyd) All of themCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following are correctly matched? 1. Merchant Bank - registered and regulated by RBI2. Nidhi company - regulated by the SEBI3. Insurance Company - registered and regulated by the IRDAChoose from the following options.a) 1 Onlyb) 2 and 3 Onlyc) 3 Onlyd) All of themCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following are correctly matched? 1. Merchant Bank - registered and regulated by RBI2. Nidhi company - regulated by the SEBI3. Insurance Company - registered and regulated by the IRDAChoose from the following options.a) 1 Onlyb) 2 and 3 Onlyc) 3 Onlyd) All of themCorrect answer is option 'C'. Can you explain this answer?.
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