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B Com Exam  >  B Com Tests  >  Test: Financial Regulators in India - B Com MCQ

Test: Financial Regulators in India - B Com MCQ


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10 Questions MCQ Test - Test: Financial Regulators in India

Test: Financial Regulators in India for B Com 2024 is part of B Com preparation. The Test: Financial Regulators in India questions and answers have been prepared according to the B Com exam syllabus.The Test: Financial Regulators in India MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Financial Regulators in India below.
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Test: Financial Regulators in India - Question 1
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What is the primary responsibility of the Ministry of Corporate Affairs in India?

Detailed Solution for Test: Financial Regulators in India - Question 1
The primary responsibility of the Ministry of Corporate Affairs in India is to administer the Companies Act, 1956, and other allied Acts and regulations related to corporate governance and functioning. This includes regulating the corporate sector in accordance with the law and ensuring proper corporate governance practices.
Test: Financial Regulators in India - Question 2
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What is the main objective of the National Foundation for Corporate Governance (NFCG)?

Detailed Solution for Test: Financial Regulators in India - Question 2
The main objective of the National Foundation for Corporate Governance (NFCG) is to promote good corporate governance practices. It provides a platform for discussions on corporate governance issues, sensitizes corporate leaders about the importance of such practices, and facilitates the exchange of ideas among various stakeholders in the corporate world.
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Test: Financial Regulators in India - Question 3
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Who was the chairman of the Naresh Chandra Committee appointed to examine corporate governance issues?

Detailed Solution for Test: Financial Regulators in India - Question 3
Naresh Chandra was the chairman of the Naresh Chandra Committee, which was appointed to examine various corporate governance issues in India.
Test: Financial Regulators in India - Question 4
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Which of the following Acts does the Ministry of Corporate Affairs in India NOT administer?
Detailed Solution for Test: Financial Regulators in India - Question 4
The Ministry of Corporate Affairs administers Acts such as the Companies Act, 1956, Competition Act, 2002, Partnership Act, 1932, and others related to corporate governance. It does not administer the Income Tax Act, 1961, which falls under the jurisdiction of the Ministry of Finance.
Test: Financial Regulators in India - Question 5
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What is the main objective of the Insurance Regulatory and Development Authority of India (IRDAI)?
Detailed Solution for Test: Financial Regulators in India - Question 5
The main objective of the Insurance Regulatory and Development Authority of India (IRDAI) is to promote the interest and rights of policyholders in the insurance industry. It regulates and supervises the insurance sector to ensure policyholder protection.
Test: Financial Regulators in India - Question 6
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What is the organizational structure of IRDAI?
Detailed Solution for Test: Financial Regulators in India - Question 6
IRDAI (Insurance Regulatory and Development Authority of India) has a three-tier organizational structure consisting of a Governing Council, a Board of Trustees, and an Executive Directorate.
Test: Financial Regulators in India - Question 7
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Which committee recommended the entrance of private sector companies and foreign promoters into the Indian insurance industry?
Detailed Solution for Test: Financial Regulators in India - Question 7
The Malhotra Committee, headed by Mr. R.N. Malhotra, recommended the entrance of private sector companies and foreign promoters into the Indian insurance industry.
Test: Financial Regulators in India - Question 8
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What is the primary responsibility of conglomerates?
Detailed Solution for Test: Financial Regulators in India - Question 8
The primary responsibility of conglomerates is to participate in unrelated businesses and industries. They diversify their operations to reduce risk and may have holdings in various sectors.
Test: Financial Regulators in India - Question 9
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Why do conglomerates sometimes "spin off" subsidiaries into stand-alone entities?
Detailed Solution for Test: Financial Regulators in India - Question 9
Conglomerates may "spin off" subsidiaries into stand-alone entities to minimize managerial problems. As conglomerates become larger, they can become difficult to manage efficiently, leading to a lack of focus and reduced shareholder returns.
Test: Financial Regulators in India - Question 10
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What is the main objective of the National Foundation for Corporate Governance (NFCG) in India?
Detailed Solution for Test: Financial Regulators in India - Question 10
The main objective of the National Foundation for Corporate Governance (NFCG) in India is to promote good corporate governance practices. It serves as a platform for discussions, awareness, and exchange of ideas among corporate leaders and stakeholders to enhance corporate governance standards.
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