Question : Which of the following is not a function of the Securities and Exchange Board of India (SEBI)?
Option 1: Regulating the stock market
Option 2: Regulating the mutual fund industry
Option 3: Regulating the insurance industry
Option 4: Protecting the interests of investors
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Answer (1)
27th Jan, 2024
Correct Answer: Regulating the insurance industry
Solution : The answer is (c) Regulating the insurance industry.
SEBI is the regulatory body for the securities market in India. It does not regulate the insurance industry. The insurance industry is regulated by the Insurance Regulatory and Development Authority of India (IRDA).
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