UPSC Prelims Practice Questions — Suzlon Energy shares tank 6% after SEBI slaps penalty

Q1. The acronym 'PFUTP', frequently cited in SEBI adjudication orders such as the May 2026 Suzlon Energy order, stands for which one of the following?

  • A. Prevention of Financial and Unauthorised Trading Practices
  • B. Prohibition of Fraudulent and Unfair Trade Practices
  • C. Protection of Foreign and Unregistered Trading Participants
  • D. Promotion of Fair and Universal Trading Procedures

Q2. The Securities and Exchange Board of India (SEBI), which adjudicated the May 2026 penalty order against Suzlon Energy, derives its statutory status from which one of the following enactments?

  • A. The Companies Act, 2013
  • B. The Securities Contracts (Regulation) Act, 1956
  • C. The Securities and Exchange Board of India Act, 1992
  • D. The Reserve Bank of India Act, 1934

Q3. In the SEBI adjudication order dated 29 May 2026 in the matter of Suzlon Energy Limited, monetary penalties aggregating about ₹28.95 crore were imposed on how many noticees (the company plus named individuals) in total?

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

Q4. Suzlon Energy Ltd has announced that it will challenge the SEBI penalty order of May 2026 before which one of the following statutory appellate forums?

  • A. The Securities Appellate Tribunal (SAT)
  • B. The National Company Law Appellate Tribunal (NCLAT)
  • C. The Competition Appellate Tribunal
  • D. The Appellate Authority constituted under the Companies Act, 2013