ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The SEBI is the regulatory authority established under Section 3 of SEBI Act 1992 to protect the interests of the investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith and incidental thereto.

Detailed explanation-2: -SEBI regulates various intermediaries in the primary and secondary markets through its Regulations for these intermediaries. These Regulations allow SEBI to inspect the functioning of these intermediaries and to collect to fees from them.

Detailed explanation-3: -The trading members are required to satisfy the capital adequacy separately as prescribed by the SEBI. Further all the participating regional stock exchange would be following a uniform trading and settlement cycle that could be different from the trading and settlement cycle of the ICSEIL.

Detailed explanation-4: -The SEBI is managed by its members, which consists of the following: The chairman is nominated by the Union Government of India. Two members, i.e., Officers from the Union Finance Ministry. One member from the Reserve Bank of India.

Detailed explanation-5: -Answer: The primary responsibility of the SEBI is to oversee the regulation of the Indian capital markets. It is responsible for monitoring and regulating the stock market and protecting the interests of investors by implementing a set of rules and regulations.