UPSC Prelims Practice Questions — Union Minister for Finance and Corporate Affairs delivers keynote address at 38th SEBI Foundation Day celebrations

Q1. The Securities and Exchange Board of India (SEBI) was first constituted as a non-statutory body in which one of the following years?

  • A. 1956
  • B. 1988
  • C. 1992
  • D. 1996

Q2. The Securities and Exchange Board of India Act, 1992 is administered by which one of the following Union ministries?

  • A. Ministry of Corporate Affairs
  • B. Ministry of Commerce and Industry
  • C. Ministry of Finance
  • D. Ministry of Electronics and Information Technology

Q3. Consider the following statements comparing SEBI's governing statutes and structure: 1. The Securities Contracts (Regulation) Act predates the SEBI Act. 2. The Depositories Act was enacted only after SEBI had attained statutory status. 3. SEBI's headquarters is located in New Delhi, unlike the Reserve Bank of India whose headquarters is in Mumbai. Which of the statements given above is/are correct?

  1. The Securities Contracts (Regulation) Act predates the SEBI Act.
  2. The Depositories Act was enacted only after SEBI had attained statutory status.
  3. SEBI's headquarters is located in New Delhi, unlike the Reserve Bank of India whose headquarters is in Mumbai.
  • A. 1 and 2 only
  • B. 2 and 3 only
  • C. 1 and 3 only
  • D. 1, 2 and 3

Q4. Under Section 4 of the SEBI Act, 1992, the SEBI Board consists of members drawn from specified sources. Which one of the following is NOT a member of the SEBI Board? 1. A Chairman nominated by the Central Government 2. One member nominated by the Reserve Bank of India 3. Two members from the Ministry of Finance 4. One member nominated by the Comptroller and Auditor General of India Which of the above is NOT correct?

  1. A Chairman nominated by the Central Government
  2. One member nominated by the Reserve Bank of India
  3. Two members from the Ministry of Finance
  4. One member nominated by the Comptroller and Auditor General of India
  • A. 1 and 2
  • B. 2 and 3
  • C. 4 only
  • D. 3 and 4

Q5. Consider the following statements about 'Mission Jagrook': 1. It is a nationwide investor-awareness initiative. 2. It was digitally launched by the Union Finance Minister at the 38th SEBI Foundation Day. 3. Unlike SEBI Check, Mission Jagrook is essentially a payment-verification tool for validating intermediaries' bank details. Which of the statements given above is/are correct?

  1. It is a nationwide investor-awareness initiative.
  2. It was digitally launched by the Union Finance Minister at the 38th SEBI Foundation Day.
  3. Unlike SEBI Check, Mission Jagrook is essentially a payment-verification tool for validating intermediaries' bank details.
  • A. 1 and 2 only
  • B. 2 and 3 only
  • C. 1 and 3 only
  • D. 1, 2 and 3

Q6. With reference to 'Mission Jagrook' launched at the 38th SEBI Foundation Day, consider the following: 1. It is aimed at protecting investors from digital fraud and deepfakes. 2. It is conceived as a nationwide, multi-platform, regional-language investor-awareness initiative. 3. It was launched during the 38th SEBI Foundation Day celebrations held in Mumbai. 4. It replaces the SEBI Act, 1992 as the statutory basis for investor protection. Which of the above is/are correctly identified?

  1. It is aimed at protecting investors from digital fraud and deepfakes.
  2. It is conceived as a nationwide, multi-platform, regional-language investor-awareness initiative.
  3. It was launched during the 38th SEBI Foundation Day celebrations held in Mumbai.
  4. It replaces the SEBI Act, 1992 as the statutory basis for investor protection.
  • A. 1, 2 and 3
  • B. 1 and 4 only
  • C. 2, 3 and 4
  • D. 1 and 2 only

Q7. Investors can access the SEBI Check verification tool through which one of the following official SEBI mobile applications?

  • A. SEBI SCORES
  • B. SEBI Saarthi
  • C. SEBI Samvad
  • D. SEBI Sahyog

Q8. The SEBI Check tool, used to verify an intermediary's payment channel, is described as a verification procedure involving how many steps?

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

Q9. The enhanced cyber-security posture urged by the Finance Minister at the 38th SEBI Foundation Day builds on which SEBI framework that came into effect for regulated entities in 2025?

  • A. Cybersecurity and Cyber Resilience Framework (CSCRF)
  • B. Business Continuity and Disaster Recovery Framework
  • C. Market Surveillance and Integrated Reporting Framework
  • D. System Audit and Assurance Framework

Q10. Consider the following statements about SEBI's Cybersecurity and Cyber Resilience Framework (CSCRF): 1. It consolidates SEBI's earlier fragmented cyber-security circulars into a single unified framework. 2. It applies uniformly to all regulated entities irrespective of their size or classification. 3. Prior to the CSCRF, SEBI's cyber-security guidance was spread across circulars issued in 2015, 2017 and 2019. Which of the statements given above is/are correct?

  1. It consolidates SEBI's earlier fragmented cyber-security circulars into a single unified framework.
  2. It applies uniformly to all regulated entities irrespective of their size or classification.
  3. Prior to the CSCRF, SEBI's cyber-security guidance was spread across circulars issued in 2015, 2017 and 2019.
  • A. 1 and 2 only
  • B. 1 and 3 only
  • C. 2 and 3 only
  • D. 1, 2 and 3

Q11. The SEBI Chairman cited several figures on the Indian securities market at the 38th Foundation Day. Which of the following figures is/are NOT correctly stated? 1. The market has over 5,900 listed companies. 2. The market has over 140 million unique investors. 3. Market capitalisation grew at a compound annual growth rate of about 15% over the last decade. 4. The primary market facilitates capital formation of nearly Rs 1 trillion each year. Which of the above is/are NOT correct?

  1. The market has over 5,900 listed companies.
  2. The market has over 140 million unique investors.
  3. Market capitalisation grew at a compound annual growth rate of about 15% over the last decade.
  4. The primary market facilitates capital formation of nearly Rs 1 trillion each year.
  • A. 1 and 2
  • B. 3 only
  • C. 2 and 3
  • D. 4 only

Q12. Consider the following regulator–governing statute pairs in India: 1. SEBI — Securities and Exchange Board of India Act, 1992 2. RBI — Reserve Bank of India Act, 1934 3. IRDAI — Insurance Regulatory and Development Authority Act, 1999 4. PFRDA — Pension Fund Regulatory and Development Authority Act, 2003 Which of the above pairs is/are correctly matched?

  1. SEBI — Securities and Exchange Board of India Act, 1992
  2. RBI — Reserve Bank of India Act, 1934
  3. IRDAI — Insurance Regulatory and Development Authority Act, 1999
  4. PFRDA — Pension Fund Regulatory and Development Authority Act, 2003
  • A. 1, 2 and 3
  • B. 1, 2 and 4
  • C. 2, 3 and 4
  • D. 1 and 4 only