Quiz August 6, 2026

With reference to mutual funds, consider the following statements:

1. All mutual funds are required to be registered with RBI before they launch any scheme.
2. Investors of mutual funds are known as unitholders.
3. Mutual Funds promoted by foreign entities are not prohibited in India.

Which of the statements given above is/are correct?   

In the context of Foreign Direct Investment (FDI) limits in India, which of the following sectors are allowed to get 100 percent FDI through the automatic route?

1. Mining and Exploration of non-metal ores.
2. Development and Production of seeds and planting material.
3. Nidhi Company.
4. Manufacturing of Cigars.

Select the correct answer using the code given below.

Consider the following statements about the Insurance Regulatory and Development Authority of India:

1. It was set up as an autonomous body under the IRDA Act, 1999. 
2. All members are appointed by the Government of India and chaired by the Secretary, Department of Financial services.
3. It monitors insurance sector activities for healthy development of the industry and protection of policyholders’ interests.

Which of the statements given above is/are correct?

With reference to the "special and differential treatment provisions (S&DT)" of the World Trade Organization (WTO), consider the following statements: 

1. These provisions require all WTO members to safeguard the trade interests of developing countries.
2. They are applicable only to developing countries. 
3. The Bali Ministerial Conference of WTO has established a monitoring mechanism to review the implementation of S&DT provisions.

Which of the statements given above is/are correct?

Consider the following statements about the Special Economic Zones (SEZs):

1. Sourcing and manufacturing units are exempted from Minimum Alternate Tax.
2. Exemption in electricity duty and tax on sale of electricity by certain states in India. 
3. Presence of customs officers in the SEZs to facilitate and expedite the trade processes.
4. Single window clearances for all state and federal government approvals

Which of the statements given above is/are correct?