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Question

In which one of the following Five Year Plan of the India economy did the Security Exchange Board of India (SEBI) make a statutory Institution?

A
Fourth Five Year Plan
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B
Fifth Five Year Plan
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C
Sixth Five Year Plan
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D
Eighth Five Year Plan
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Solution

The correct option is D Eighth Five Year Plan
Eighth FIve year Plan happened between 1992–1997. During, 1989–91 was a period of economic instability in India and hence no five-year plan was implemented. Between 1990 and 1992, there were only Annual Plans. In 1991, India faced a crisis in foreign exchange (forex) reserves, left with reserves of only about US$1 billion. The SEBI was established as a non statutory body in 1988 to regulate the securities to regulate the Securities market of India. It attained statutory status in 1992.

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