Economics

Choose the Correct Answer

Correct Answer : Option c

Explanation
SEBI was set up in April 1988 as a non-statutory organization through a decision by the Government of India. It became a statutory body in 1992 under the SEBI Act. SEBI has the power to create rules, issue guidelines, and supervise the securities market.

Statement 1 is correct: SEBI is responsible for regulating the securities market in India. It oversees stock exchanges, mutual funds, and other market intermediaries to ensure a fair and transparent trading environment.

Statement 2 is correct: SEBI has the authority to impose penalties and take legal action against any entity found in violation of market regulations, including market manipulators or fraudulent activities.

Statement 3 is correct: SEBI's primary functions include promoting the development of the securities market, protecting the interests of investors, and ensuring the proper functioning of the market through regulations and enforcement.