Regulatory body is responsible for regulating the securities market in India? A. RBI B. SEBI C. IRDAI D. PFRDA
Question
Regulatory body is responsible for regulating the securities market in India?
A. RBI
B. SEBI
C. IRDAI
D. PFRDA
Solution
The regulatory body responsible for regulating the securities market in India is the Securities and Exchange Board of India (SEBI). Here's a breakdown of the options provided:
- RBI (Reserve Bank of India) - While the RBI regulates the banking sector and monetary policy, it does not specifically regulate the securities market.
- SEBI (Securities and Exchange Board of India) - SEBI is the principal regulator for the securities market in India. It oversees stock exchanges, protects the interests of investors, and ensures the securities market operates in a fair and transparent manner.
- IRDAI (Insurance Regulatory and Development Authority of India) - The IRDAI regulates the insurance sector and is not involved in the regulation of securities.
- PFRDA (Pension Fund Regulatory and Development Authority) - This body regulates pension funds and is not concerned with securities markets.
In conclusion, the correct answer is B. SEBI.
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