Question : Which of the following is not a function of the Securities and Exchange Board of India (SEBI)?
Option 1: Regulating the securities market
Option 2: Protecting the interests of investors
Option 3: Regulating the functioning of commercial banks
Option 4: None of the above
Correct Answer: Regulating the functioning of commercial banks
Solution : The correct answer is (c). Regulating the functioning of commercial banks
SEBI, the Securities and Exchange Board of India, is primarily responsible for regulating the securities market in India and protecting the interests of investors. Its main functions include:
a) Regulating the securities market
b) Protecting the interests of investors
However, SEBI's mandate does not include regulating the functioning of commercial banks. The regulation and supervision of commercial banks in India fall under the purview of the Reserve Bank of India (RBI).
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