WBCS.LIVE practice question

The SEBI was given statutory recognition in 1992 on the recommendation of

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

Answer options

  1. the Chakraborty Commission.
  2. the Chelliah Committee.
  3. the Tendulkar Committee.
  4. the Narasimham Committee.

Correct answer and explanation

Correct answer: the Narasimham Committee.

Explanation: āœ… Correct Answer: D) the Narasimham Committee. šŸ“š Explanation: The Securities and Exchange Board of India (SEBI) was given statutory powers through the SEBI Act of 1992 following the recommendations of the Narasimham Committee on financial system reforms. This was done to provide a strong legal framework for regulating the stock market and protecting investors' interests.