Question

Match the functions of Securities and Exchange Board of India given in Column-I with their headings given in Column-II: Column- II A. Training of intermediaries of securities markets B. Regulation of takeover bids by companies
(b) Regulatory function

(ii) Protective function C. Controlling insider trading and imposing penalties for such practices

(iii) Development function

• A. A(ii); B(iii); C(i)
• B. A(i); B(ii); C(iii)
• C. A(iii); B(i); C(ii)
• D. A(iii); B(ii); C(i)

Hint:

SEBI’s primary functions include regulation (to ensure market fairness), development (to enhance skills), and protection (to safeguard investors).

Answer 1

The Correct Option is C

A
(iii): Training of intermediaries falls under the Development function as it aims to enhance the efficiency of market participants by providing them with the necessary skills. B(i): Regulation of takeover bids is a Regulatory function since SEBI ensures fair and transparent market practices to protect investors and maintain order. C
(ii): Controlling insider trading and imposing penalties for such practices is a Protective function as it safeguards investors from fraudulent and unfair practices in the securities market.