Q. Consider the following statements regarding “Security and Exchange Board of India (SEBI)”:
1.Initially it was set up as a non-statutory body.
2.Its initial paid-up capital was Rs. 5000 crores.
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation: The regulator of Indian stock market, set up under the Security and Exchange Board of India Act, 1992 (as a non-statutory body set on 12 April 1988 through a government resolution to give the Indian stock market an organised structure) with its head office in Mumbai.
Its initial paid-up capital was Rs. 50 crores provided by the promoters—the IDBI, the IFCI and the ICICI.
Source: Ramesh Singh
