Question : Assertion: SEBI's development functions include regulating stockbrokers and sub-brokers.
Reason: SEBI aims to provide investor education and training.
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's development functions do include regulating stockbrokers and sub-brokers to ensure a fair and transparent securities market.
The reason is true and provides the correct explanation. SEBI aims to provide investor education and training to enhance investor knowledge and awareness. Educated and informed investors are vital for a healthy and well-functioning securities market. Therefore, the reason accurately explains SEBI's development functions related to investor education and training.
