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 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 for the Indian securities market. It was established in 1992 to protect the interests of investors and to promote the development of the securities market.
Statement 2 is false. SEBI does not stand for Securities and Exchanges of Banking Institutions.
SEBI plays an important role in the Indian economy by helping to ensure that the securities market is fair and efficient. This benefits all stakeholders, including investors, issuers, and market intermediaries.
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