Question

Regulatory bodies are responsible for:

• A. Acting as courts
• B. Regulating specific fields through guidelines, inspection, and review
• C. Writing laws
• D. Defending government actions in court

Answer 1

Answer:

B. Regulating specific fields through guidelines, inspection, and review

REGULATORY BODIES

• Specific field - regulations, guidelines, licence, inspection, review

1. Reserve Bank of India

2. Securities and Exchange Board of India

3. National Bank For Agriculture And Rural Development

4. Small Industries Development Bank of India

5. Central Drugs Standard Control Organisation

6. Competition Commission of India