BANKING AFFAIRS

Detailed explanation-1: -Which of the following best describes the Securities and Exchange Board of India? Answer: [D] All of the above. Notes: Securities Exchange Board of India (SEBI) was set up in 1988 to regulate the functions of securities market. SEBI promotes orderly and healthy development in the stock market.

Detailed explanation-2: -The basic function of the Securities and Exchange Board of India is to protect the interests of investors in securities and to promote and regulate the securities market. It monitors and regulates the Indian capital and securities market by framing rules and guidelines, protecting the interests of investors.

Detailed explanation-3: -The correct answer is It does not act as a civil court. The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992. Before SEBI came into existence, the Controller of Capital Issues was the regulatory authority.

Detailed explanation-4: -It is a statutory regulatory body that was established by the Government of India in 1992 for protecting the interests of investors investing in securities along with regulating the securities market. SEBI also regulates how the stock market and mutual funds function.

Detailed explanation-5: -SEBI was established in 1988 under the Securities and Exchange Board of India Act, 1992. The organization protects investors’ interests in stock exchanges (equity), debt markets, mutual funds, and derivatives trading (futures & options). It protects investors against market fraud and malpractices.