Exam Bodies — Set 3

Correct Answer: C. National Bank for Agriculture and Rural Development

• **National Bank for Agriculture and Rural Development** = NABARD is the apex development bank in India for the rural sector. • **1982** — NABARD was established to facilitate credit and development in rural and agricultural sectors. • 💡 Wrong-option analysis: National Agency for Banking and Rural Design: This is not the correct full form of NABARD; Native Association for Banking and Regional Distribution: This is not the correct full form of NABARD; New Asian Bank for Agricultural Reform and Design: This is not the correct full form of NABARD.

Correct Answer: B. Securities and Exchange Board of India

• **Securities and Exchange Board of India** = SEBI is the regulatory body for securities and commodity markets. • **1992** — SEBI was given statutory powers to regulate India's capital markets. • 💡 Wrong-option analysis: Standard Equity Bureau of India: This is not the correct full form of SEBI; Sectoral Exchange Board of India: This is not the correct full form of SEBI; Social and Economic Board of India: This is not the correct full form of SEBI.

Correct Answer: B. Telecom Regulatory Authority of India

• **Telecom Regulatory Authority of India** = TRAI is the regulator of the telecommunications sector in the country. • **1997** — TRAI was established by an Act of Parliament to regulate the telecom sector. • 💡 Wrong-option analysis: Total Regulatory Authority of India: This is not the correct full form of TRAI; Telephone Revenue and Analysis India: This is not the correct full form of TRAI; Telegraph Reform and Account Institute: This is not the correct full form of TRAI.

Correct Answer: C. Small Industries

• **Small Industries** = SIDBI (Small Industries Development Bank of India) focuses on the growth and development of micro, small, and medium-scale industries. • **1990** — SIDBI was established as a principal financial institution for promoting and financing MSME sector. • 💡 Wrong-option analysis: Social Infrastructure: SIDBI's primary focus is not social infrastructure; Standard Insurance: SIDBI is a bank, not primarily involved with standard insurance; Steel Industries: SIDBI's focus is on small and medium-scale industries, not exclusively steel.

Correct Answer: D. National Highways Authority of India

• **National Highways Authority of India** = NHAI is responsible for the development and maintenance of the national highways network. • **1988** — NHAI was established by an Act of Parliament to manage national highways. • 💡 Wrong-option analysis: Natural Heritage Association of India: This is not the correct full form of NHAI; National Hydrological Agency of India: This is not the correct full form of NHAI; National Housing Authority of India: This is not the correct full form of NHAI.

Correct Answer: D. Bureau of Indian Standards

• **Bureau of Indian Standards** = BIS is the National Standards Body of India responsible for standardization and quality certification. • **1986** — BIS was established by an Act of Parliament, replacing the Indian Standards Institution (ISI). • 💡 Wrong-option analysis: Basic Information System: This is not the correct full form of BIS; Bureau of International Studies: This is not the correct full form of BIS; Basic Industrial Scheme: This is not the correct full form of BIS.

Correct Answer: B. Food Safety and Standards Authority of India

• **Food Safety and Standards Authority of India** = FSSAI is a statutory body ensuring the availability of safe and wholesome food for human consumption. • **2006** — FSSAI was established under the Food Safety and Standards Act to regulate food safety. • 💡 Wrong-option analysis: Food Security and Standards Association of India: This is not the correct full form of FSSAI; Federal Social Security and Standards Agency: This is not the correct full form of FSSAI; Formal Safety System and Standards Institute: This is not the correct full form of FSSAI.

Correct Answer: B. Insurance Regulatory and Development Authority of India

• **Insurance Regulatory and Development Authority of India** = IRDAI regulates and promotes the insurance and re-insurance industries in India. • **1999** — IRDAI was constituted by an Act of Parliament to regulate the insurance industry. • 💡 Wrong-option analysis: Internal Revenue Development Agency of India: This is not the correct full form of IRDAI; Income Reform and Distribution Association: This is not the correct full form of IRDAI; Institute of Risk and Damage Analysis: This is not the correct full form of IRDAI.

Correct Answer: B. National Payments Corporation of India

• **National Payments Corporation of India** = NPCI is an umbrella organization for operating retail payments and settlement systems in India. • **2008** — NPCI was incorporated to create robust payment and settlement infrastructure. • 💡 Wrong-option analysis: Network Payment Control Institute: This is not the correct full form of NPCI; Native Payment Centre of India: This is not the correct full form of NPCI; National Power Corporation of India: This is not the correct full form of NPCI.

Correct Answer: A. Bombay Stock Exchange

• **Bombay Stock Exchange** = BSE is Asia's first and one of India's leading exchange groups. • **1875** — BSE was established as the 'Native Share & Stock Brokers' Association' and is one of the oldest stock exchanges in Asia. • 💡 Wrong-option analysis: Bharat Stock Exchange: This is not the correct full form of BSE; Business Standard Exchange: This is not the correct full form of BSE; Basic Securities Exchange: This is not the correct full form of BSE.