Consider the following statements with respect to SEBI:
1. It was established as a statutory body for regulating the securities market.
2. Commodities derivative markets is also regulated by SEBI.
Which of the given statement/s is/are correct?

1 only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

2 only

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Both 1 and 2

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Neither 1 nor 2

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B 2 only

Initially SEBI was a non-statutory body without any statutory power. However, in 1992, the SEBI was given additional statutory power by the Government of India through an amendment to the Securities and Exchange Board of India Act, 1992.

In April 1988 the SEBI was constituted as the regulator of capital markets in India under a resolution of the Government of India.

In 2015, the Forward Market Commission was merged with SEBI.

With this, the regulation of commodity derivatives market has shifted to SEBI under Securities Contracts Regulation Act (SCRA) 1956.

Suggest Corrections

Similar questions

Amalgamation of FMC and SEBI would bring Convergence of Regulations in the Commodities and Equity Derivatives Market. In light of this which of the following statement is incorrect?

Q7. Consider the following statements:

1. Shares which are pledged are more vulnerable than the market.

2. Securities and Exchange Board of India (SEBI) has made it mandatory for companies to disclose to the stock exchanges every time a pledge that is part of derivative market is created.

Which of the above statements are correct?

Q. Recently Union Government has notified the merger of commodities market regulator Forward Markets Commission (FMC) with Securities Exchange Board of India (SEBI). This decision of government is in line with recommendation of which of the following committees:

5. Which of the following statements is true with respect to SEBI?

1. It is a non statutory body.
2. It is the regulatory authority for commodity futures market.

Q. On an appeal filed by Almondz Global Securities Ltd SAT has recently pulled up SEBI for lack of uniformity in penalising players. Consider the following statements about SAT:Which of the above statement(s) is/are correct?

Only 1,2,3&4
Only 1,3,4 &5
Only 2,3,4&5
All1,2,3,4&5

Join BYJU'S Learning Program

Consider the following statements with respect to SEBI: 1. It was established as a statutory body for regulating the securities market. 2. Commodities derivative markets is also regulated by SEBI. Which of the given statement/s is/are correct?

Consider the following statements with respect to SEBI:
1. It was established as a statutory body for regulating the securities market.
2. Commodities derivative markets is also regulated by SEBI.
Which of the given statement/s is/are correct?