Question : Statement 1: SEBI regulates the Indian stock market.
Statement 2: SEBI stands for Securities and Exchanges of Banking Institutions.
Option 1: Statement 1 is true, and statement 2 is true.
Option 2: Statement 1 is true, but statement 2 is false.
Option 3: Statement 1 is false, and statement 2 is true.
Option 4: Statement 1 is false, and statement 2 is false.
Correct Answer:
Statement 1 is true, but statement 2 is false.
Solution : The correct answer is (b) Statement 1 is true, but statement 2 is false.
Statement 1 is true. SEBI, or the Securities and Exchange Board of India, is the regulatory body that oversees the securities markets in India. It regulates and promotes the development of the securities market to protect the interests of investors and ensure the smooth functioning of the market.
statement 2 is false. SEBI stands for Securities and Exchange Board of India, not "Securities and Exchanges of Banking Institutions."
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