Multiple choice

_____ is not a financial regulator.

  1. IRDA

  2. PFRDA

  3. AMFI

  4. SEBI
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

AMFI is not a financial regulator. AMFI was set up in 1997 and market regulator SEBI had asked the organisation to function as an SRO to perform frontline regulation. The Association of Mutual Funds of India has dropped the idea of acting as the industry’s self-regulatory organisation, although such a system is the hallmark of mature markets around the world. 

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