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    Question

    Which of the following statements is/are correct regarding Securities and Exchange Board of India (SEBI)?

    1)SEBI is the regulatory body for capital markets in India.

    2)It was first established as a non statutory body.

    3)SEBI was converted to a statutory body in 1992.

    A 1 only Correct Answer Incorrect Answer
    B 1 and 2 only Correct Answer Incorrect Answer
    C 1 and 3 only Correct Answer Incorrect Answer
    D 2 only Correct Answer Incorrect Answer
    E 1, 2 and 3 Correct Answer Incorrect Answer

    Solution

    Statement 1 is correct as SEBI is the regulatory body for capital markets in India. Statement 2 is also correct as SEBI was established in 1992 by the Government of India as a statutory body to regulate and develop the securities market in the country. Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market. 

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