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Question

The Securities and Exchange Board of India was established by the Government of India _____.

A
as a cooperative society
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B
as a banking authority
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C
as an interim administrative body
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D
none of the above
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Solution

The correct option is C as an interim administrative body
The Securities and Exchange Board of India was established by the Government of India as an interim administrative body. SEBI is established in order to protect the interests of the investors and provide safety for investment. SEBI performs certain functions in order to promote and develop activities of stock exchange and increase the business in stock exchange. It also helps to regulate the business in stock exchange. It has framed certain rules and regulations to regulate the intermediaries.

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