CMA Foundation BL – Lesson1.3September 12, 2025 Maven Leave a Comment Welcome to the CMA Foundation BL - Lesson1.3 Quiz! Name Email 1. Appeals from the Securities Appellate Tribunal lie with: High Court Supreme Court District Court NCLT None 2. The Pension Fund Regulatory and Development Authority (PFRDA) was set up in which year? 1999 2005 2013 2015 None 3. Who appoints District Judges under Article 233? Chief Justice of India High Court Chief Justice Governor in consultation with High Court President of India None 4. Lok Adalats are established under which Act? Civil Procedure Code Legal Services Authorities Act, 1987 Arbitration Act, 1996 Consumer Protection Act, 2019 None 5. Which of the following is not a mode of ADR? Arbitration Mediation Litigation Conciliation None 6. Which of the following is a primary objective of the IRDAI? To regulate stock exchanges To protect the interests of policyholders To manage foreign exchange reserves To formulate fiscal policy None 7. Which of the following schemes is managed by PFRDA? Jan Dhan Yojana National Pension System (NPS) Atal Pension Yojana only Employee Provident Fund (EPF) None 8. The Insurance Regulatory and Development Authority of India (IRDAI) was established under which Act? Companies Act, 1956 Banking Regulation Act, 1949 IRDA Act, 1999 Insurance Act, 1938 None 9. Which Article empowers the Supreme Court to enforce Fundamental Rights through writs? 32 131 226 137 None 10. Which of the following is NOT a function of the RBI? Printing and circulating currency Regulating payment and settlement systems Granting, renewing, or canceling insurance company registrations Inspecting financial accounts of banks None 11. Which of the following is the main function of NHB? Printing currency notes Promoting and regulating housing finance institutions Managing the stock market Monitoring foreign investments None 12. The Association of Mutual Funds in India (AMFI) was set up in: 1990 1995 2000 2005 None 13. The Ministry of Corporate Affairs (MCA) is responsible for administering which of the following? Banking Regulation Act, 1949 Companies Act, 1956 and 2013 Securities Contracts (Regulation) Act, 1956 FEMA Act, 1999 None 14. The Registrar of Companies (ROC) functions under which ministry? Ministry of Finance Ministry of Corporate Affairs Ministry of Labour Ministry of Commerce None 15. AMFI is primarily concerned with: Framing the Companies Act Managing foreign exchange Improving professional and ethical standards in mutual funds Issuing government securities None 16. The National Housing Bank (NHB) was established in which year? 1982 1985 1987 1988 None Time's upRelated Posts:CMA Foundation BL - Lesson1.1CMA Foundation BL - Lesson1.2CMA Foundation MCQ - Elements of a ContractCMA Foundation MCQ – Primary and Subordinate Legislation
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