With reference to the Securities and Exchange Board of India (SEBI), consider the following statements:

SEBI was established in 1988 as a non-statutory body.

SEBI has the authority to regulate mutual funds, stock exchanges, and other securities markets.

SEBI's headquarters is located in Mumbai, India.

SEBI is responsible for protecting the interests of investors in securities.

How many of the above statements are correct?

Question

SEBI was established in 1988 as a non-statutory body: Incorrect. SEBI was established in 1992 as a statutory body under the SEBI Act, 1992.
SEBI has the authority to regulate mutual funds, stock exchanges, and other securities markets: Correct. SEBI oversees the functioning of mutual funds and stock exchanges.
SEBI's headquarters is located in Mumbai, India: Correct. SEBI's headquarters is indeed in Mumbai.
SEBI is responsible for protecting the interests of investors in securities: Correct. Protecting investor interests is one of SEBI's primary functions.

GKToday Admin · Accepted Answer

Only three

SEBI was established in 1988 as a non-statutory body: Incorrect. SEBI was established in 1992 as a statutory body under the SEBI Act, 1992.
SEBI has the authority to regulate mutual funds, stock exchanges, and other securities markets: Correct. SEBI oversees the functioning of mutual funds and stock exchanges.
SEBI's headquarters is located in Mumbai, India: Correct. SEBI's headquarters is indeed in Mumbai.
SEBI is responsible for protecting the interests of investors in securities: Correct. Protecting investor interests is one of SEBI's primary functions.

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