16. What is the minimum lock-in period for a promoter’s stake in an Initial Public Offering (IPO)?
a) 1 year
b) 2 years
c) 3 years
d) 5 years
Answer: c) 3 years
17. The Indian Depository Receipts (IDRs) are issued by companies listed on which foreign exchange?
a) NYSE
b) LSE
c) NASDAQ
d) HKEX
Answer: b) LSE (London Stock Exchange)
18. Which of the following is the oldest stock exchange in Asia?
a) BSE
b) NSE
c) LSE
d) TSE
Answer: a) BSE (Bombay Stock Exchange)
19. The Securities Contract (Regulation) Act (SCRA) was enacted in which year?
a) 1956
b) 1962
c) 1992
d) 1999
Answer: b) 1962
20. Which of the following is not a function of SEBI?
a) Regulating stock exchanges
b) Monitoring insider trading
c) Making monetary policy decisions
d) Promoting investor education
Answer: c) Making monetary policy decisions
