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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?
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?
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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.
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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