Question

Matching List-I and List-II, choose the CORRECT option.

	List-I  (Regulatory and Supervisory Financial Institutions)		List-II (Established as statutory bodies via Parliamentary Acts in year)
(a)	Reserve Bank of India	(i)	2016
(b)	Security and Exchange Board of India	(ii)	1934
(C)	Insurance Regulatory Development Authority of India	(iii)	1992
(d)	Insolvency and Bankruptcy Board of India	(iv)	1999

• A. (a, ii), (b, iv), (c, iii), (d, i)
• B. (a, iii), (b, ii), (c, iv), (d, i)
• C. (a, ii), (b, iii), (c, i), (d, iv)
• D. (a, ii), (b, iii), (c, iv), (d, i)

Answer 1

The Correct Option is D

To correctly match the Regulatory and Supervisory Financial Institutions in List-I with the corresponding years they were established as statutory bodies via Parliamentary Acts in List-II, we need to understand the establishment years of each institution:

1. Reserve Bank of India (RBI): It was established in the year 1934. Therefore, its correct match is with option (ii).
2. Securities and Exchange Board of India (SEBI): It was established as a statutory body in the year 1992. Hence, the correct match is option (iii).
3. Insurance Regulatory and Development Authority of India (IRDAI): Established as a statutory body in the year 1999. Thus, it matches with option (iv).
4. Insolvency and Bankruptcy Board of India (IBBI): It was established under the Insolvency and Bankruptcy Code in the year 2016. So, it correctly matches with option (i).

With these facts in mind, we proceed to match each item in List-I with its corresponding item in List-II:

• (a) Reserve Bank of India: (ii) 1934
• (b) Securities and Exchange Board of India: (iii) 1992
• (c) Insurance Regulatory and Development Authority of India: (iv) 1999
• (d) Insolvency and Bankruptcy Board of India: (i) 2016

Thus, the correct answer is: (a, ii), (b, iii), (c, iv), (d, i).