Which of the following does section 11(1) of the Securities and Exchange Board of India Act, 1992 make SEBI’s duty? Protecting the interests of investors in securities Promoting the development of…
Question and options
Which of the following does section 11(1) of the Securities and Exchange Board of India Act, 1992 make SEBI’s duty?
- Protecting the interests of investors in securities
- Promoting the development of the securities market
- Regulating the call money market
- Regulating pension funds
2 and 4 only
3 and 4 only
1 and 2 only
1 and 3 only
Answer and explanation
Correct answer: C - 1 and 2 only
Section 11(1) of the SEBI Act, 1992 makes it SEBI’s duty to protect the interests of investors in securities and to promote the development of, and regulate, the securities market. The call money market is regulated by the Reserve Bank of India, and pension funds by the PFRDA.
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