WBCS.LIVE practice question

SEBI stands for the

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. State Earnings Board of India
  2. Securities and Exchange Bank of India
  3. Securities and Exchange Board of India
  4. State Exchange Bank of India

Correct answer and explanation

Correct answer: Securities and Exchange Board of India

Explanation: SEBI (Securities and Exchange Board of India) is the regulatory body of the securities and capital market in India, established in 1988 and given statutory status in 1992 through the SEBI Act. Its primary functions include protecting investors’ interests, regulating stock exchanges, and ensuring the orderly growth of the securities market. SEBI also frames rules for brokers, mutual funds, and corporate disclosures, making it the watchdog of India’s financial markets.