Question : Statement 1: SEBI's development functions include investor education and training.
Statement 2: SEBI's development functions solely focus on regulating credit rating agencies.
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's development functions include a variety of initiatives aimed at educating investors, improving market infrastructure, and enhancing market participation through training and awareness programs.
Statement 2 is false. While SEBI may regulate credit rating agencies as part of its functions, its development functions are broader and encompass a range of activities aimed at developing and promoting the securities market in India, not just focusing on credit rating agencies.
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