A seventy-year-old man is on an intraday trading platform using an app and buying and selling stocks. He transferred some money from his savings account to his trading account using the BHIM app to buy more shares. The services that the old man is availing, fall into the purview of which of the following regulatory bodies?1.The Reserve Bank of India (RBI)2.The Securities and Exchange Board of India (SEBI)3. Telecom Regulatory Authority of India (TRAI)4. Insurance Regulatory Development Authority of India (IRDAI)5. Pension Fund Regulatory and Development Authority (PFRDA)Select the correct answer using the code given below.a)1 and 2 onlyb)1, 2 and 3 onlyc)3 and 5 onlyd)1, 2, 3, 4 and 5Correct answer is option 'B'. Can you explain this answer?

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A seventy-year-old man is on an intraday trading platform using an app and buying and selling stocks. He transferred some money from his savings account to his trading account using the BHIM app to buy more shares. The services that the old man is availing, fall into the purview of which of the following regulatory bodies?
1. The Reserve Bank of India (RBI)
2. The Securities and Exchange Board of India (SEBI)
3. Telecom Regulatory Authority of India (TRAI)
4. Insurance Regulatory Development Authority of India (IRDAI)
5. Pension Fund Regulatory and Development Authority (PFRDA)
Select the correct answer using the code given below.

a)
1 and 2 only
b)
1, 2 and 3 only
c)
3 and 5 only
d)
1, 2, 3, 4 and 5

Correct answer is option 'B'. Can you explain this answer?

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A seventy-year-old man is on an intraday trading platform using an app...

The Securities and Exchange Board of India (SEBI) is a statutory body established on April 12, 1992, in accordance with the provisions of the Securities and Exchange Board of India Act, 1992. The basic functions of the Securities and Exchange Board of India are to protect the interests of investors in securities and to promote and regulate the securities market. In the given context, the seventy-year-old man is trading on the intraday platform (which involves speculation in securities, specifically buying and selling financial instruments within the same trading day) which comes under the purview of the SEBI. Hence option 2 is correct.
The Telecom Regulatory Authority of India (TRAI) has come into being as a consequence of the opening up of the telecommunication sector to private operators. It was set up under the TRAI Act of 1997. It has the power
(i) to recommend the need for and timing of introduction of new service providers and terms and conditions of the license to a service provider;
(ii) and to protect consumers’ interest, monitor quality of services, inspect equipment used in networks and make recommendations about such equipment;
The seventy-year-old man uses multiple apps to avail services e.g. a trading app, BHIM app, etc which further use mobile data or internet services (telecom services). Thus the mobile/intemet service provider comes within the ambits of TRAI. Hence option 3 is correct.
Insurance Regulatory and Development Authority of India or the IRDAI is the apex body responsible for regulating and developing the insurance industry in India. It is an autonomous body. Even though the individual in the given context might have availed insurance schemes, nothing as such is mentioned in the question statement. Hence option 4 is not correct.
The interim PFRDA was established in 2003. This was to oversee the National Pension System (NPS) and regulate India’s pensions sector. The interim PFRDA transitioned into the PFRDA with the passage of the Pension Fund Regulatory Development Authority (PFRDA) Act, 2013. In the given context, there is no mention of the individual using his pension funds. Hence option 5 is not correct.

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A seventy-year-old man is on an intraday trading platform using an app...

The Securities and Exchange Board of India (SEBI) is a statutory body established on April 12, 1992, in accordance with the provisions of the Securities and Exchange Board of India Act, 1992. The basic functions of the Securities and Exchange Board of India are to protect the interests of investors in securities and to promote and regulate the securities market. In the given context, the seventy-year-old man is trading on the intraday platform (which involves speculation in securities, specifically buying and selling financial instruments within the same trading day) which comes under the purview of the SEBI. Hence option 2 is correct.
The Telecom Regulatory Authority of India (TRAI) has come into being as a consequence of the opening up of the telecommunication sector to private operators. It was set up under the TRAI Act of 1997. It has the power
(i) to recommend the need for and timing of introduction of new service providers and terms and conditions of the license to a service provider;
(ii) and to protect consumers’ interest, monitor quality of services, inspect equipment used in networks and make recommendations about such equipment;
The seventy-year-old man uses multiple apps to avail services e.g. a trading app, BHIM app, etc which further use mobile data or internet services (telecom services). Thus the mobile/intemet service provider comes within the ambits of TRAI. Hence option 3 is correct.
Insurance Regulatory and Development Authority of India or the IRDAI is the apex body responsible for regulating and developing the insurance industry in India. It is an autonomous body. Even though the individual in the given context might have availed insurance schemes, nothing as such is mentioned in the question statement. Hence option 4 is not correct.
The interim PFRDA was established in 2003. This was to oversee the National Pension System (NPS) and regulate India’s pensions sector. The interim PFRDA transitioned into the PFRDA with the passage of the Pension Fund Regulatory Development Authority (PFRDA) Act, 2013. In the given context, there is no mention of the individual using his pension funds. Hence option 5 is not correct.

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A seventy-year-old man is on an intraday trading platform using an app...

The Securities and Exchange Board of India (SEBI) is a statutory body established on April 12, 1992, in accordance with the provisions of the Securities and Exchange Board of India Act, 1992. The basic functions of the Securities and Exchange Board of India are to protect the interests of investors in securities and to promote and regulate the securities market. In the given context, the seventy-year-old man is trading on the intraday platform (which involves speculation in securities, specifically buying and selling financial instruments within the same trading day) which comes under the purview of the SEBI. Hence option 2 is correct.
The Telecom Regulatory Authority of India (TRAI) has come into being as a consequence of the opening up of the telecommunication sector to private operators. It was set up under the TRAI Act of 1997. It has the power
(i) to recommend the need for and timing of introduction of new service providers and terms and conditions of the license to a service provider;
(ii) and to protect consumers’ interest, monitor quality of services, inspect equipment used in networks and make recommendations about such equipment;
The seventy-year-old man uses multiple apps to avail services e.g. a trading app, BHIM app, etc which further use mobile data or internet services (telecom services). Thus the mobile/intemet service provider comes within the ambits of TRAI. Hence option 3 is correct.
Insurance Regulatory and Development Authority of India or the IRDAI is the apex body responsible for regulating and developing the insurance industry in India. It is an autonomous body. Even though the individual in the given context might have availed insurance schemes, nothing as such is mentioned in the question statement. Hence option 4 is not correct.
The interim PFRDA was established in 2003. This was to oversee the National Pension System (NPS) and regulate India’s pensions sector. The interim PFRDA transitioned into the PFRDA with the passage of the Pension Fund Regulatory Development Authority (PFRDA) Act, 2013. In the given context, there is no mention of the individual using his pension funds. Hence option 5 is not correct.

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A seventy-year-old man is on an intraday trading platform using an app and buying and selling stocks. He transferred some money from his savings account to his trading account using the BHIM app to buy more shares. The services that the old man is availing, fall into the purview of which of the following regulatory bodies?1.The Reserve Bank of India (RBI)2.The Securities and Exchange Board of India (SEBI)3. Telecom Regulatory Authority of India (TRAI)4. Insurance Regulatory Development Authority of India (IRDAI)5. Pension Fund Regulatory and Development Authority (PFRDA)Select the correct answer using the code given below.a)1 and 2 onlyb)1, 2 and 3 onlyc)3 and 5 onlyd)1, 2, 3, 4 and 5Correct answer is option 'B'. Can you explain this answer?

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A seventy-year-old man is on an intraday trading platform using an app and buying and selling stocks. He transferred some money from his savings account to his trading account using the BHIM app to buy more shares. The services that the old man is availing, fall into the purview of which of the following regulatory bodies?1.The Reserve Bank of India (RBI)2.The Securities and Exchange Board of India (SEBI)3. Telecom Regulatory Authority of India (TRAI)4. Insurance Regulatory Development Authority of India (IRDAI)5. Pension Fund Regulatory and Development Authority (PFRDA)Select the correct answer using the code given below.a)1 and 2 onlyb)1, 2 and 3 onlyc)3 and 5 onlyd)1, 2, 3, 4 and 5Correct answer is option 'B'. 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 A seventy-year-old man is on an intraday trading platform using an app and buying and selling stocks. He transferred some money from his savings account to his trading account using the BHIM app to buy more shares. The services that the old man is availing, fall into the purview of which of the following regulatory bodies?1.The Reserve Bank of India (RBI)2.The Securities and Exchange Board of India (SEBI)3. Telecom Regulatory Authority of India (TRAI)4. Insurance Regulatory Development Authority of India (IRDAI)5. Pension Fund Regulatory and Development Authority (PFRDA)Select the correct answer using the code given below.a)1 and 2 onlyb)1, 2 and 3 onlyc)3 and 5 onlyd)1, 2, 3, 4 and 5Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A seventy-year-old man is on an intraday trading platform using an app and buying and selling stocks. He transferred some money from his savings account to his trading account using the BHIM app to buy more shares. The services that the old man is availing, fall into the purview of which of the following regulatory bodies?1.The Reserve Bank of India (RBI)2.The Securities and Exchange Board of India (SEBI)3. Telecom Regulatory Authority of India (TRAI)4. Insurance Regulatory Development Authority of India (IRDAI)5. Pension Fund Regulatory and Development Authority (PFRDA)Select the correct answer using the code given below.a)1 and 2 onlyb)1, 2 and 3 onlyc)3 and 5 onlyd)1, 2, 3, 4 and 5Correct answer is option 'B'. Can you explain this answer?.

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