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Regulatory Body Exams Exam  >  Regulatory Body Exams Test  >  Mock Test Series for SEBI Grade A Exam 2026  >  SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Regulatory Body Exams MCQ

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 Free Online Test 2026


Full Mock Test & Solutions: SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 (100 Questions)

You can boost your Regulatory Body Exams 2026 exam preparation with this SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 (available with detailed solutions).. This mock test has been designed with the analysis of important topics, recent trends of the exam, and previous year questions of the last 3-years. All the questions have been designed to mirror the official pattern of Regulatory Body Exams 2026 exam, helping you build speed, accuracy as per the actual exam.

Mock Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 90 minutes
  • - Total Questions: 100
  • - Analysis: Detailed Solutions & Performance Insights

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SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 1
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'Sub-prime' refers to

Detailed Solution: Question 1

'Sub-prime' refers to lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards. In this type of lending, loans are given to people who may have difficulty maintaining the repayment schedule, sometimes reflecting setbacks, such as unemployment, divorce, medical emergencies, etc. These loans are characterized by higher interest rates, poor quality collateral, and less favorable terms in order to compensate for higher credit risk.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 2
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Which of following department signed MoU with Indian Council for Research on International Economic Relations to develop a Broadband Readiness Index for Indian States and UTs in 2019?

Detailed Solution: Question 2

On July 16, 2019, Department of Telecom (DoT) and the Indian Council for Research on International Economic Relations (ICRIER) signed a Memorandum of Understanding (MoU) to develop a Broadband Readiness Index (BRI) for Indian States and Union Territories (UTs).

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SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 3
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The Reserve Bank of India's share in NABARD equity as of 2018 is:

Detailed Solution: Question 3

In 2010, the Reserve Bank of India sold its stake in NABARD to the Government of India, which now holds 99% stake. Currently, it owns only 1% stake in NABARD.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 4
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The first foreign bank that was permitted by Reserve Bank of India to handle currency chests in India was

Detailed Solution: Question 4

In 2003, foreign banks were permitted for the first time to operate currency chests. Standard Chartered Bank, the largest and oldest foreign bank in the country, was the first foreign bank to handle currency chests in India.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 5
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On which type of account do banks generally not pay interest?

Detailed Solution: Question 5

Current accounts are non remuneration accounts. Since current account is a business account, no interest is paid by any bank as per bank norms.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 6
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Which of the following is not required while computing GNP?

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 7
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Budget is the;

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 8
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The total value of goods and services produced in a country during a given period is-

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 9
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CENVAT is related to

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 10
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Under Prime Minister’s Integrated Urban Poverty Eradication Programme (PMIUPEP) those urban areas were included which had a population—

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 11
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Consider the following statements : In India stamp duties on financial transactions are :
1. Levied and collected by State Govt
2. Appropriated by the Union Govt
Which of these statements are correct ?

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 12
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Which of the following have been pointed out as deleterious effects of foreign direct investment in India by those who are opposed to it ?
I. Inappropriate technology
II. Skewed income distribution
III. Transfer pricing
IV. Labour intensity
Select the correct answer using the codes given below :
Codes :

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 13
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The principle of indicative planning was adopted for the first time in the

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 14
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In India during the British rule, railways were developed for

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 15
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Which leadership theory highlights a leader with an inspirational, charismatic approach who avoids micromanagement?

Detailed Solution: Question 15

Transformational theory features inspirational, charismatic leaders who motivate followers to transcend self-interest, foster innovation, and avoid micromanagement. Transactional focuses on exchanges and rewards.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 16
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Which of the following is a primary difference between a "Successful Leader" and an "Effective Leader"?

Detailed Solution: Question 16

Successful leaders achieve short-term behavioral compliance and positional success, while effective leaders create long-term follower performance, satisfaction, and attitudinal change through personal influence.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 17
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According to "Great Man Theory," leadership is:

Detailed Solution: Question 17

Great Man Theory posits that leaders are born with innate qualities and traits, destined to lead, rather than developed through learning, situations, or exchanges.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 18
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An effective leader ensures that followers:

Detailed Solution: Question 18

Effective leaders foster internalization of goals, creating commitment and alignment beyond external rewards or fear, often through inspiration.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 19
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Which of the following is a feature of "Government Securities" (G-Secs)?

Detailed Solution: Question 19

G-Secs carry sovereign guarantee (backed by the Government of India), implying virtually zero default risk. They are highly liquid, available in various tenors (short to long), and pay interest (coupon or zero-coupon).

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 20
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Payment of Dividends is a:

Detailed Solution: Question 20

Payment of dividends is classified as a financing activity in the Cash Flow Statement as it represents a return of capital to shareholders.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 21
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In a buyback, shares must be ____ paid up.

Detailed Solution: Question 21

Only fully paid-up shares can be bought back as per Section 68 of the Companies Act, 2013. Partly paid shares are not eligible.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 22
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A company buys back its shares at a price higher than face value. The excess is debited to:

Detailed Solution: Question 22

The excess amount paid over face value (premium on buyback) is debited first to Securities Premium Account (to the extent available) and then to General Reserve or other free reserves as per Section 69 of Companies Act.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 23
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Right issue of shares is offered to:

Detailed Solution: Question 23

A rights issue is a method of raising additional capital by offering new shares to existing equity shareholders in proportion to their holdings (pre-emptive right) as per Section 62(1)(a) of the Companies Act, 2013.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 24
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Increase in Working Capital is a:

Detailed Solution: Question 24

An increase in working capital means more funds are tied up in current assets or liabilities have decreased, which represents an application (use) of funds in the Fund Flow Statement.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 25
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Margin of Safety can be increased by:

Detailed Solution: Question 25

Margin of Safety = (Actual Sales - Break-Even Sales) / Actual Sales. It increases by increasing sales volume (higher actual sales) or reducing BEP (higher contribution or lower fixed costs).

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 26
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Kaizen Costing is applied during which stage?

Detailed Solution: Question 26

Kaizen Costing is applied during the production/operational stage to achieve continuous cost reduction and improvement after the product is in manufacturing.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 27
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What is the effect of registration of a company as per the Companies Act, 2013?

Detailed Solution: Question 27

Section 9 states that upon registration, a company becomes a body corporate with a separate legal identity distinct from its members.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 28
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Which section mandates a company to have a registered office?

Detailed Solution: Question 28

Section 12 requires every company to maintain a registered office capable of receiving and acknowledging all communications and notices.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 29
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Alteration of memorandum of association is governed under which section?

Detailed Solution: Question 29

Section 13 provides the procedure for alteration of the memorandum of association, subject to compliance with statutory requirements.

SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 - Question 30
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Rectification of the name of a company is covered under which section?

Detailed Solution: Question 30

Section 16 empowers the Central Government to direct a company to rectify its name if it is identical or too similar to an existing company.

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About this Regulatory Body Exams Mock Test

This mock test contains 100 questions designed to replicate the pattern, difficulty level and time pressure of the actual Regulatory Body Exams exam. It is part of Mock Test Series for SEBI Grade A Exam 2026 on EduRev, covering all the topics that are being asked as per the current Regulatory Body Exams syllabus. Attempting this test under timed conditions will help you assess your exam readiness, identify subject-wise weak areas, and improve your speed and accuracy before the actual exam.

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If you found this SEBI Grade A (Phase 2) Paper 2 Mock Test- 2 helpful, you can further enhance your Regulatory Body Exams preparation with complete mock tests, previous year questions & practice tests available in Mock Test Series for SEBI Grade A Exam 2026 course on EduRev. The course offers:
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