Types of Regulatory Agencies

This quiz will test your knowledge of the different types of regulatory agencies.

16 Questions Published

Questions

Question 1 Multiple Choice (Single Answer)

Which of the following is an example of an independent regulatory agency?

  1. Federal Reserve
  2. Environmental Protection Agency
  3. Securities and Exchange Commission
  4. All of the above
Question 2 Multiple Choice (Single Answer)

What is the primary function of a regulatory agency?

  1. To promote competition
  2. To protect consumers
  3. To ensure public safety
  4. All of the above
Question 3 Multiple Choice (Single Answer)

Which of the following is an example of a government corporation?

  1. United States Postal Service
  2. Federal Deposit Insurance Corporation
  3. Tennessee Valley Authority
  4. All of the above
Question 4 Multiple Choice (Single Answer)

What is the difference between a regulatory agency and a government corporation?

  1. Regulatory agencies are created by Congress, while government corporations are created by the President.
  2. Regulatory agencies are independent of the executive branch, while government corporations are not.
  3. Regulatory agencies are funded by the government, while government corporations are funded by fees and charges.
  4. All of the above
Question 5 Multiple Choice (Single Answer)

Which of the following is an example of a self-regulatory organization?

  1. American Bar Association
  2. American Medical Association
  3. Financial Industry Regulatory Authority
  4. All of the above
Question 6 Multiple Choice (Single Answer)

What is the primary function of a self-regulatory organization?

  1. To promote competition
  2. To protect consumers
  3. To ensure public safety
  4. All of the above
Question 7 Multiple Choice (Single Answer)

Which of the following is an example of a quasi-governmental agency?

  1. Federal Reserve
  2. Environmental Protection Agency
  3. Securities and Exchange Commission
  4. All of the above
Question 8 Multiple Choice (Single Answer)

What is the primary function of a quasi-governmental agency?

  1. To promote competition
  2. To protect consumers
  3. To ensure public safety
  4. All of the above
Question 9 Multiple Choice (Single Answer)

Which of the following is an example of a regulatory commission?

  1. Federal Trade Commission
  2. Securities and Exchange Commission
  3. Federal Communications Commission
  4. All of the above
Question 10 Multiple Choice (Single Answer)

What is the primary function of a regulatory commission?

  1. To promote competition
  2. To protect consumers
  3. To ensure public safety
  4. All of the above
Question 11 Multiple Choice (Single Answer)

Which of the following is an example of a government-sponsored enterprise?

  1. Federal National Mortgage Association
  2. Federal Home Loan Mortgage Corporation
  3. Student Loan Marketing Association
  4. All of the above
Question 12 Multiple Choice (Single Answer)

What is the primary function of a government-sponsored enterprise?

  1. To promote competition
  2. To protect consumers
  3. To ensure public safety
  4. All of the above
Question 13 Multiple Choice (Single Answer)

Which of the following is an example of a regulatory board?

  1. Federal Reserve Board of Governors
  2. National Labor Relations Board
  3. Consumer Product Safety Commission
  4. All of the above
Question 14 Multiple Choice (Single Answer)

What is the primary function of a regulatory board?

  1. To promote competition
  2. To protect consumers
  3. To ensure public safety
  4. All of the above
Question 15 Multiple Choice (Single Answer)

Which of the following is an example of a regulatory authority?

  1. Food and Drug Administration
  2. Occupational Safety and Health Administration
  3. Environmental Protection Agency
  4. All of the above
Question 16 Multiple Choice (Single Answer)

What is the primary function of a regulatory authority?

  1. To promote competition
  2. To protect consumers
  3. To ensure public safety
  4. All of the above