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Question

Match the items of List - I with the items of List - II and select a correct code :

List - IList - II
(a) SEBI(i) Exchange for small companies
(b) RBI(ii) Secondary market in treasury bills
(c) STCI(iii) Regulation of secondary market
(d) OTCEI(iv) Ad-hoc treasury bills

Codes :

(a) (b) (c) (d)

This question was previously asked in
UGC NET 2015 Paper 1 Question Paper (27-Dec-2015)
The correct answer is

(iii) (iv) (ii) (i)

(a) SEBI is the statutory regulator of the securities market, overseeing stock exchanges and trading in the secondary market, so SEBI matches (iii) Regulation of secondary market.

(b) RBI, as banker to the Government, issued ad-hoc treasury bills to automatically finance the Central Government's deficit until the system was ended in 1997, so RBI matches (iv) Ad-hoc treasury bills.

(c) STCI (Securities Trading Corporation of India) was set up in 1994 to develop an active secondary market in government securities and treasury bills, so STCI matches (ii) Secondary market in treasury bills.

(d) OTCEI (Over the Counter Exchange of India) was established in 1992 as a stock exchange for small and medium companies that could not list on the main exchanges, so OTCEI matches (i) Exchange for small companies.

The matching is therefore (a)-(iii), (b)-(iv), (c)-(ii), (d)-(i).

Hence, the answer is (iii) (iv) (ii) (i).

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