Q. Consider the following statements regarding “Security and Exchange Board of India (SEBI)”: 1.It is a constitutional body. 2.Its initial paid-up capital was Rs. 500 crores. Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: D
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 organized 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

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