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    Question

    What is the primary objective of the Securities and

    Exchange Board of India (SEBI)?  
    A To regulate and develop the capital market in India Correct Answer Incorrect Answer
    B To promote exports and imports of goods and services in India Correct Answer Incorrect Answer
    C To regulate and develop the foreign exchange market in India Correct Answer Incorrect Answer
    D To promote small and medium-sized enterprises (SMEs) in India Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The primary objective of the Securities and Exchange Board of India (SEBI) is to regulate and develop the capital market in India. SEBI was established in 1988 as an autonomous statutory body to regulate and oversee the functioning of the securities market in India. Its functions include protecting the interests of investors, promoting fair practices in securities markets, regulating and developing the securities market, and enforcing securities laws. SEBI also regulates other segments of the financial market, such as mutual funds and credit rating agencies. Hence, option A is correct.

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