GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mutual fund regulator
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Capital market regulator
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Regulates the credit rating agencies in India
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None of these
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Detailed explanation-1: -The correct answer is It does not act as a civil court. The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992. Before SEBI came into existence, the Controller of Capital Issues was the regulatory authority.
Detailed explanation-2: -The basic functions of the SEBI are to protect the interests of investors in securities and to promote the development of, and regulate the securities market and for matters connected therewith or incidental thereto.
Detailed explanation-3: -The Securities and Exchange Board of India (SEBI) is a regulatory body that protects the interests of those who invest in the securities market. It also regulates the functioning of the stock markets and mutual funds in the country.