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

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?

Arnab Kulkarni answered

Correctly Matched Pairs
1. IFCI Venture Capital Funds Ltd - 2000
- IFCI Venture Capital Funds Ltd was established in 2000, making this pair correctly matched.
2. Tourism Finance Corporation of India Ltd (TFCI) - 1990
- Tourism Finance Corporation of India Ltd (TFCI) was established in 1989, not 1990, so this pair is not correctly matched.
3. Life Insurance Corporation of India (LIC) - 1956
- Life Insurance Corporation of India (LIC) was established in 1956, making this pair correctly matched.
4. Securities and Exchange Board of India (SEBI) - 1992
- Securities and Exchange Board of India (SEBI) was established in 1988, not 1992, so this pair is not correctly matched.
Therefore, out of the four pairs given, only three pairs are correctly matched.

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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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