Q. Which of the following is/are function/s of Securities and Exchange Board of India (SEBI)?
1.Regulating the business in stock exchanges and any other securities markets.
2.Registering and regulating the working of venture capital funds and collective investment schemes including mutual funds.
3.Promoting and regulating self-regulatory organizations.
Choose the correct answer from below given codes:

[A] 1 only

[B] 1 and 2 only

[C] 3 only

[D] 1, 2 and 3

Answer: D
Notes:

Explanation: The Securities and Exchange Board of India (SEBI) was established under the Securities and Exchange Board of India Act, 1992. Its objective is to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Its functions are:

  • regulating the business in stock exchanges and any other securities markets
  • registering and regulating the working of intermediaries who are associated with securities markets in any manner
  • registering and regulating the working of venture capital funds and collective investment schemes including mutual funds
  • promoting and regulating self-regulatory organizations and
  • Prohibiting fraudulent and unfair trade practices relating to securities markets.

Source: Laxmikanth Governance