Question : Assertion: SEBI is the regulatory authority for the Indian stock market.
Reason: SEBI stands for Securities and Exchange Board of India.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer:
Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
The assertion is true. SEBI (Securities and Exchange Board of India) is indeed the regulatory authority for the Indian stock market. It regulates and oversees the securities market in India, ensuring its integrity, transparency, and investor protection.
The reason is true and provides the correct explanation. SEBI stands for Securities and Exchange Board of India, and it is the designated regulatory body mandated to oversee and regulate the securities and commodities market in India. Therefore, the reason accurately explains the assertion.
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