Question : Statement 1: SEBI's development functions focus on regulating credit rating agencies.
Statement 2: SEBI aims to promote the orderly growth and development of the securities market.
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, and statement 2 is true.
Solution : The correct answer is (a) Statement 1 is true, and statement 2 is true.
Statement 1 is true. SEBI, among its various roles, also regulates credit rating agencies to ensure they operate in a fair and transparent manner, providing accurate assessments of the creditworthiness of securities.
Statement 2 is true. SEBI's primary objective is to promote the development and regulation of the securities market by ensuring a fair and transparent environment for both investors and issuers. This includes measures to maintain orderliness and efficiency in the market.
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