Multiple choice

SEBI is

  1. regulatory authority

  2. statutory authority

  3. both (A) and (B)

  4. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

SEBI (Securities and Exchange Board of India) is both a regulatory authority and a statutory authority. It was established as a statutory body through the SEBI Act 1992, giving it legal backing, and it functions as the primary regulator for securities markets in India, overseeing stock exchanges, brokers, and listed companies.

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