ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Federal Reserve Board
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Federal Trade Commission
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Interstate Commerce Commission
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Securities and Exchange Commission
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Detailed explanation-1: -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. SEBI’s primary functions include protecting investor interests, promoting and regulating the Indian securities markets.
Detailed explanation-2: -19 The SEC is accountable to Congress as it operates under the authority of federal laws including the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, the Investment Advisers Act of 1940, and the Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley Act), among others.
Detailed explanation-3: -The SEBI Act empowers SEBI to protect the interests of investors and to promote the development of the capital/securities market, besides regulating it. SEBI can issue directions to those who are associated with the market, and has powers to regulate trading and settlement on stock exchanges.