ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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FCA
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LSE
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CFTC
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FINRA
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Detailed explanation-1: -Establishing a nationwide trading facility for all types of securities-it is not an objective of SEBI. The overall objectives of SEBI are to protect the interest of investors and to promote the development of stock exchange and to regulate the activities of stock market.
Detailed explanation-2: -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-3: -The IRDAI (Insurance Regulatory and Development Authority of India) does not regulate capital markets in India. It functions to regulate and promote the insurance industries in India. The SEBI (Securities and Exchange Board of India) is the main regulator of capital markets in India.