List of Schemes Announced in Budget 2018 for SSC Banking Other Competitive Exams

1 A ₹33,000-crore backstop proposed by the market regulator to support debt mutual funds at times of liquidity freeze is only an initial corpus, and it could be topped up in future, said a key executive at the fund that will manage this facility.
Identify the market regulator being talked about in the above excerpt.
(1) RBI
(2) SEBI
(3) IRDAI
(4) NABARD
(5) PFRDA

Ans: 2
Solution:
SEBI in India is the policymaker that regulates the mutual fund industry. The SEBI guidelines for mutual funds protect the investor’s interest. These guidelines help investors to make more established and informed investment decisions. SEBI regulates and promotes the securities of the Indian market.

2.) The __(A)__’s Directorate General of Trade Remedies (DGTR) recommended a duty of $0.512/kg on these imports in December as part of a government initiative to enhance the quality of textiles.
Identify the ministry (A).
(1) Ministry of External Affairs
(2) Ministry of Heavy Industries
(3) Ministry of Commerce and Industry
(4) Ministry of Finance
(5) None of these

Ans: 3
Solution:
The commerce ministry’s Directorate General of Trade Remedies (DGTR) recommended a duty of $0.512/kg on these imports in December as part of a government initiative to enhance the quality of textiles.