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Chapter 5

Banking

Lok Sewa Aayog (Public Service Commission) past exam questions

Past questions and answers

2 questions set from this chapter. Most repeated first.

  • 2083 · Pre-Qualifying Exam (Pretest) · 1 mark

Who issues the license to operate Collective Investment Schemes and Investment Funds? A) Nepal Rastra Bank B) Nepal Insurance Authority C) Securities Board of Nepal D) Government of Nepal

Answer

(c) Securities Board of Nepal

The Securities Board of Nepal (SEBON) is the regulatory authority that issues licenses to operate Collective Investment Schemes (mutual funds) and Investment Funds under the Securities Act, 2063.

Answer checked by Claude Haiku · Oct 21, 2026

Test yourself · 2 MCQs

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  • 2083 · Pre-Qualifying Exam (Pretest) · 1 mark

Who issues the license to establish an insurance company? A) Department of Industry B) Nepal Rastra Bank C) Government of Nepal D) Nepal Insurance Authority

Answer

(d) Nepal Insurance Authority

The Nepal Insurance Authority (formerly Beema Samiti) is the regulatory body that grants the licence to establish and operate an insurance company in Nepal. The Department of Industry handles company registration, but the licence to run insurance business is issued by the Nepal Insurance Authority.

Answer checked by Claude Haiku · Oct 21, 2026

Test yourself · 2 MCQs

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Questions from Lok Sewa Pre-Qualifying Exam Questions (Assistant 2nd Class / Kharidar or Equivalent, 4th Level · Pre-Qualifying Exam (Pretest) · 2083) and Lok Sewa PSC Pre-Qualifying Exam Pretest (Assistant 2nd Class / Kharidar or Equivalent, 4th Level position, Non-Technical · Pre-Qualifying Exam (Pretest) · 2083). Answers are written for this site; check them against your class notes.