ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -SEBI is not a participant in money market. The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. In April 1988 the SEBI was constituted as the regulator of capital markets in India under a resolution of the Government of India.

Detailed explanation-2: -1 In India, commercial banks, co-operative banks, primary dealers (PDs), insurance companies, mutual funds (MFs), non-banking financial companies (NBFCs), corporates are permitted to participate in money markets.

Detailed explanation-3: -The major players and institutions of this market are the Reserve Bank of India, all the commercial banks of the country, NBFC’s, LIC, Mutual Funds, large corporates, and even the respective state governments.

Detailed explanation-4: -Establishing a nationwide trading facility for all types of securities-it is not an objective of SEBI.

Detailed explanation-5: -The Securities and Exchange Board of India regulates Indian capital markets. It was established in 1988 under the Securities and Exchange Board of India Act, 1992 (SEA). SEBI is also responsible for ensuring that the securities markets in India are fair and transparent.