BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Urjit Patel
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HK Bhanwala
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Ajay Tyagi
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UK Sinha
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Detailed explanation-1: -SEBI was given statutory status and powers through an Ordinance promulgated on January 30, 1992. SEBI was established as a statutory body on February 21, 1992.
Detailed explanation-2: -Functions of SEBI It regulates the working of depositories, custodians of securities, credit card rating participants, and Foreign portfolio investors. It prevents insider trading and any unfair trade practices in the stock market. It prohibits price manipulation of stocks in the securities market.
Detailed explanation-3: -The main duty of SEBI is to regulate the Indian Capital markets. It monitors and regulates the stock market and protects the interests of the investors by enforcing certain rules and regulations.
Detailed explanation-4: -1. (1) This Act may be called the Securities and Exchange Board of India Act, 1992. (2) It extends to the whole of India.