MCQ
SEBI enforcement order MCQ - Practice Questions with Answers
Solve 1 SEBI enforcement order questions for RAS/RPSC preparation.
Practice questions
Q1With reference to SEBI's final order in the Axis Mutual Fund front-running matter, consider the following statements: 1. The investigation covered September 1, 2021 to March 31, 2022. 2. Interest at 12 percent per annum runs from the beginning of the investigation period until deposit. Which of the statements given above is/are correct?
Explanation
Statement 1 is correct: the investigation covered September 1, 2021 to March 31, 2022. Statement 2 is incorrect because the order adds interest at 12 percent per annum from the end, not the beginning, of the investigation period until deposit.
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