Q. With reference to Securities and Exchange Board of India (SEBI) consider the following statements:
1.It is a statutory body.
2.It is a quasi-legislative and quasi-judicial body.
3.Its head office is located in New Delhi.
Which of the statements given above area correct?

[A] 1 and 3 only

[B] 1 and 2 only

[C] 2 and 3 only

[D] 1, 2 and 3

Answer: B
Notes:

Securities and Exchange Board of India (SEBI) is a statutory body established under the provisions of the Securities and Exchange Board of India Act, 1992. It comes under the control of the Ministry of Finance. It has quasi-executive, quasi-legislative and quasi-judicial powers. its main function is to keep a check and control the securities in the Indian market. Its head office is located in Mumbai.

Source: The Times of India