Q. Which of the following is NOT a regulatory agency?

[A] NITI Aayog

[B] Reserve Bank of India

[C] Securities and Exchange Board of India

[D] Insurance Regulatory and Development Authority

Answer: A
Notes:

Explanation: India has product-wise regulators—Reserve Bank of India (RBI) regulates credit products, savings and remittances;

  • the Securities and Exchange Board of India (SEBI) regulates investment products;
  • the Insurance Regulatory and Development Authority (IRDA) regulates insurance products;
  • and the Pension Fund Regulatory and Development Authority (PFRDA) regulates pension products.
  • The Forward Markets Commission (FMC) regulates commodity-based exchange-traded futures (which was merged with the SEBI by late 2015).

Source: TMH Ramesh Singh