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Regulatory body is responsible for regulating the securities market in India?  A. RBI  B. SEBI  C. IRDAI  D. PFRDA

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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:

  1. RBI (Reserve Bank of India) - While the RBI regulates the banking sector and monetary policy, it does not specifically regulate the securities market.
  2. 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.
  3. IRDAI (Insurance Regulatory and Development Authority of India) - The IRDAI regulates the insurance sector and is not involved in the regulation of securities.
  4. 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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