BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is a function of SEBI?
A
to approve by-laws of stock exchanges.
B
inspect the books of accounts of financial intermediaries.
C
to require the stock exchange to amend their by-laws.
D
All of the Above
Explanation: 

Detailed explanation-1: -Regulation of takeover bids by companies is a regulatory function of SEBI. Regulatory functions are performed by SEBI in order to regulate the business in stock exchange. SEBI has framed rules and regulations and code of conduct to regulate the intermediaries. It also regulates the takeover of companies.

Detailed explanation-2: -Functions of SEBI It regulates the operations of depositories, participants, custodians of securities, foreign portfolio investors, and credit rating agencies. It prohibits insider trading, i.e. fraudulent and unfair trade practices related to the securities market.

Detailed explanation-3: -The Securities and Exchange Board of India (SEBI) is a regulatory body that protects the interests of those who invest in the securities market. It also regulates the functioning of the stock markets and mutual funds in the country.

Detailed explanation-4: -Establishing a nationwide trading facility for all types of securities-it is not an objective of SEBI. The overall objectives of SEBI are to protect the interest of investors and to promote the development of stock exchange and to regulate the activities of stock market. Was this answer helpful?

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