BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

SEBI Mutual Fund Regulations came up in which of the following years?

A	1992
B	1996
C	1994
D	1984

Explanation:

Detailed explanation-1: -SEBI notified regulations for mutual funds in 1993. Thereafter, mutual funds sponsored by private sector entities were allowed to enter the capital market.

Detailed explanation-2: -Securities and Exchange Board Of India (Mutual Funds) Regulations, 1996 is a set of regulations in India that govern mutual funds. It is enforced by the Securities and Exchange Board of India (SEBI). The regulations have been primarily designed to protect the investors.

Detailed explanation-3: -Trust deed to be registered under the Registration Act 15.

Detailed explanation-4: -2.1. Ninth Schedule of MF Regulations prescribes accounting policies and standards to be followed by the Mutual Funds. Eleventh Schedule of MF Regulations prescribes contents of Annual Report. Twelfth Schedule of MF Regulations prescribes contents of Half-Yearly Financial results.

There is 1 question to complete.