With reference to the Securities and Exchange Board of India (SEBI), consider the following statements: 1. SEBI is a statutory body responsible for regulating and promoting the securities market in India. 2. The SEBI Board includes representatives from the Union Ministry of Finance and the Reserve Bank of India. 3. All members of the SEBI Board are nominated by the Reserve Bank of India. Which of the statements given above is/are correct? |ForumIAS

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: A

Notes:

Explanation:

SEBI is indeed a statutory body tasked with regulating and promoting the securities market, and protecting investor interests.
SEBI’s Board includes two members from the Union Ministry of Finance and one from the RBI.
Not all members are nominated by the RBI; most members are nominated by the Union Government, with only one RBI representative.

Source: Indian Economy (Ramesh Singh)