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 (b) Statement 1 is true, and statement 2 is false.
Statement 1 is true. SEBI, which stands for the Securities and Exchange Board of India, is the regulatory body that oversees and regulates the Indian securities market. It plays a crucial role in ensuring fair and transparent functioning of the market and protecting the interests of investors.
Statement 2 is false. SEBI stands for the Securities and Exchange Board of India, not "Securities and Exchanges of Banking Institutions."
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