Types of Regulatory Agencies
This quiz will test your knowledge of the different types of regulatory agencies.
Questions
Which of the following is an example of an independent regulatory agency?
- Federal Reserve
- Environmental Protection Agency
- Securities and Exchange Commission
- All of the above
What is the primary function of a regulatory agency?
- To promote competition
- To protect consumers
- To ensure public safety
- All of the above
Which of the following is an example of a government corporation?
- United States Postal Service
- Federal Deposit Insurance Corporation
- Tennessee Valley Authority
- All of the above
What is the difference between a regulatory agency and a government corporation?
- Regulatory agencies are created by Congress, while government corporations are created by the President.
- Regulatory agencies are independent of the executive branch, while government corporations are not.
- Regulatory agencies are funded by the government, while government corporations are funded by fees and charges.
- All of the above
Which of the following is an example of a self-regulatory organization?
- American Bar Association
- American Medical Association
- Financial Industry Regulatory Authority
- All of the above
What is the primary function of a self-regulatory organization?
- To promote competition
- To protect consumers
- To ensure public safety
- All of the above
Which of the following is an example of a quasi-governmental agency?
- Federal Reserve
- Environmental Protection Agency
- Securities and Exchange Commission
- All of the above
What is the primary function of a quasi-governmental agency?
- To promote competition
- To protect consumers
- To ensure public safety
- All of the above
Which of the following is an example of a regulatory commission?
- Federal Trade Commission
- Securities and Exchange Commission
- Federal Communications Commission
- All of the above
What is the primary function of a regulatory commission?
- To promote competition
- To protect consumers
- To ensure public safety
- All of the above
Which of the following is an example of a government-sponsored enterprise?
- Federal National Mortgage Association
- Federal Home Loan Mortgage Corporation
- Student Loan Marketing Association
- All of the above
What is the primary function of a government-sponsored enterprise?
- To promote competition
- To protect consumers
- To ensure public safety
- All of the above
Which of the following is an example of a regulatory board?
- Federal Reserve Board of Governors
- National Labor Relations Board
- Consumer Product Safety Commission
- All of the above
What is the primary function of a regulatory board?
- To promote competition
- To protect consumers
- To ensure public safety
- All of the above
Which of the following is an example of a regulatory authority?
- Food and Drug Administration
- Occupational Safety and Health Administration
- Environmental Protection Agency
- All of the above
What is the primary function of a regulatory authority?
- To promote competition
- To protect consumers
- To ensure public safety
- All of the above