One of the Common Irregularities Noted by the Securities and Exchange

question 32

Multiple Choice

One of the common irregularities noted by the Securities and Exchange Board of India during the inspection of a stock exchange was that it was dealing with unregistered subbrokers. Identify the related function of Securities and Exchange Board of India

• A)Regulatory function
• B)Protective function
• C)Developmental function
• D)None of the above

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Definitions:

Revenue Variance

A financial metric that measures the difference between actual and budgeted revenue.

Containers Refurbished

The process of cleaning, repairing, and potentially updating used containers for reuse.

Flexible Budget

A flexible budget adjusts to various levels of operation activity, providing a more accurate comparison of budgeted and actual costs.

Other Expenses

Costs not directly related to the production or selling of goods or services, including interest payments, losses from asset sales, or administrative expenses.