CURRENT AFFAIRS

Detailed explanation-1: -The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today has approved the proposal for signing a bilateral Memorandum of Understanding (MoU) between Securities and Exchange Board of India (SEBI) and Financial Regulatory Commission, Mongolia (FRC).

Detailed explanation-2: -Indian Space Research Organization (ISRO) and Microsoft signed a Memorandum of Understanding (MoU) to help Indian Space tech start-ups with technology tools.

Detailed explanation-3: -A formal Memorandum of Understanding (MOU) was signed today between the Ministry of Corporate Affairs (MCA) and Central Board of Indirect Taxes and Customs (CBIC), Ministry Of Finance for data exchange between the two organizations. The MoU was signed by Shri Manoj Pandey, Joint Secretary MCA and ShriB.

Detailed explanation-4: -The correct answer is the Narasimham Committee. The SEBI was given statutory recognition in 1992 on the recommendation of the Narasimham Committee. The Securities and Exchange Board of India (SEBI), was initially constituted on April 12, 1988.

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.