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GK MCQs Section
Q. In context with SEBI, which among the following is NOT a correct statement?
Answer: Its chairman is appointed by President
Notes: The correct answer is that "Its chairman is appointed by President" is NOT a correct statement. The chairman of the Securities and Exchange Board of India (SEBI) is appointed by the Union Government, not directly by the President of India. SEBI, established in 1992, is a statutory body that regulates the securities market in India and its decisions can indeed be challenged in the Securities Appellate Tribunal (SAT).

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