CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which regulatory body has notified a framework introducing an SSE in India?
A
Securities and Exchange Board of India
B
Economic Advisory Council
C
Reserve Bank of India
D
Department of Financial Services
Explanation: 

Detailed explanation-1: -Dileep Vishwakarma. This came after the Securities and Exchange Board of India (Sebi), in July, notified rules for Social Stock Exchange (SSE) to provide social enterprises with an additional avenue to raise funds.

Detailed explanation-2: -The Securities and Exchange Board of India (SEBI) is the regulatory authority established under the SEBI Act 1992 and is the principal regulator for Stock Exchanges in India.

Detailed explanation-3: -In October, BSE had announced that it got an in-principle nod from Sebi introducing Social Stock Exchange (SSE) as a separate segment on the platform. On December 27, Sebi granted its final approval for the same.

Detailed explanation-4: -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. The Ordinance was replaced by an Act of Parliament on April 4, 1992.

Detailed explanation-5: -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.

There is 1 question to complete.