Question : The introduction of the Securities and Exchange Board of India (SEBI) aimed to regulate and develop which sector?
Option 1: Banking
Option 2: Insurance
Option 3: Stock markets
Option 4: Foreign exchange markets
Correct Answer: Stock markets
Solution : The correct answer is (c) Stock markets
The Securities and Exchange Board of India (SEBI) was established in 1988 and given statutory status in 1992. Its primary objective is to regulate and develop the securities market in India, particularly the stock markets. SEBI is responsible for overseeing and regulating various entities and participants in the securities market, including stock exchanges, brokers, and other intermediaries.
SEBI's role includes ensuring fair practices, investor protection, and promoting the development and transparency of the stock market. It formulates regulations, guidelines, and rules that govern the functioning of stock exchanges, listed companies, and market intermediaries. SEBI plays a crucial role in maintaining the integrity and stability of the Indian stock market and fostering investor confidence.
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