Q. In India, which one of the following is responsible for governing Alternative Investment Funds (AIFs)?

[A] Reserve Bank of India (RBI)

[B] Securities and Exchange Board of India (SEBI)

[C] Insurance Regulatory and Development Authority of India (IRDAI)

[D] Pension Fund Regulatory and Development Authority (PFRDA)

Answer: B
Notes:

Explanation – SEBI is the regulatory authority for the securities market in India and is responsible for protecting the interests of investors and ensuring the orderly functioning of the securities market. SEBI regulates AIFs, which are privately pooled investment vehicles that collect funds from sophisticated investors, including Indian and foreign entities, to invest in a range of asset classes.

Source: The Hindu

Blog
Academy
Community