UPSC Prelims Practice Questions — Rajesh Exports denies financial misreporting charge

Q1. The ex parte interim order of June 2026 alleging misrepresentation of ~₹15.15 lakh crore in consolidated revenues of Rajesh Exports Ltd. was passed by which one of the following statutory bodies?

  • A. Securities and Exchange Board of India (SEBI)
  • B. Serious Fraud Investigation Office (SFIO)
  • C. National Financial Reporting Authority (NFRA)
  • D. Competition Commission of India (CCI)

Q2. With reference to the SEBI ex parte interim order of 3 June 2026 against Rajesh Exports Ltd., consider the following statements: 1. The order is a 109-page ex parte interim order, not a final adjudication. 2. It alleges prima facie misrepresentation of approximately ₹15.15 lakh crore in consolidated revenues across FY21-FY25. 3. The investigation was triggered by a shareholder complaint regarding long-outstanding trade receivables. 4. The forensic audit pursuant to the order was assigned to the National Financial Reporting Authority. Which of the statements given above are correct?

  1. The order is a 109-page ex parte interim order, not a final adjudication.
  2. It alleges prima facie misrepresentation of approximately ₹15.15 lakh crore in consolidated revenues across FY21-FY25.
  3. The investigation was triggered by a shareholder complaint regarding long-outstanding trade receivables.
  4. The forensic audit pursuant to the order was assigned to the National Financial Reporting Authority.
  • A. 1 and 2 only
  • B. 1, 2 and 3 only
  • C. 2, 3 and 4 only
  • D. 1, 2, 3 and 4

Q3. In the corporate subsidiary chain of Rajesh Exports Ltd. set out in the SEBI interim order of June 2026, which one of the following is identified as the principal operating gold-refining entity at the bottom of the chain?

  • A. REL Singapore
  • B. Global Gold Refineries AG
  • C. Valcambi SA
  • D. PAMP SA

Q4. The SEBI interim order of June 2026 alleges misrepresentation of Rajesh Exports Ltd.'s consolidated revenues over how many consecutive financial years?

  • A. Three
  • B. Four
  • C. Five
  • D. Seven