WBCS.LIVE practice question

Which institution is the chief regulator of the securities and stock markets in India?

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

Answer options

  1. Reserve Bank of India (RBI)
  2. Ministry of Finance
  3. Securities and Exchange Board of India (SEBI)
  4. Bombay Stock Exchange (BSE)

Correct answer and explanation

Correct answer: Securities and Exchange Board of India (SEBI)

Explanation: āœ… Correct Answer: C) Securities and Exchange Board of India (SEBI) šŸ“š Explanation: The Securities and Exchange Board of India (SEBI) was officially established in 1988 and given statutory powers in 1992 through the SEBI Act. It is the primary apex body that comprehensively regulates the entire securities and stock market in India. Its main objectives are strictly protecting investor interests and promoting the healthy development of the financial markets.