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    Question

    Which of the following functions or powers are not

    performed by SEBI (Securities and Exchange Board of India), as mentioned in the statement?
    A Inspect the books of financial intermediaries Correct Answer Incorrect Answer
    B Checks the books of accounts of Banks Correct Answer Incorrect Answer
    C Call for periodical returns Correct Answer Incorrect Answer
    D Approves by-laws of stock exchanges Correct Answer Incorrect Answer
    E Compel certain companies to get listed on one or more stock exchanges Correct Answer Incorrect Answer

    Solution

    SEBI has the power to regulate and perform functions such as check the books of accounts of stock exchanges and call for periodical returns, approve by-laws of stock exchanges, inspect the books of financial intermediaries such as banks, compel certain companies to get listed on one or more stock exchanges, and handle the registration of brokers.

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