Question

Match the functions of the Securities and Exchange Board of India (SEBI) given in Column-I with their respective headings in Column-II:

Column-I (Function)	Column-II (Heading)
A. Training of intermediaries of securities markets	(iii) Development function
B. Regulation of takeover bids by companies	(i) Regulatory function
C. Controlling insider trading and imposing penalties for such practices	(ii) Protective 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 protects, regulates, and develops — remember these three pillars of its functioning.

Answer 1

The Correct Option is C

- Training of intermediaries is a development function — it improves the efficiency and effectiveness of market operations.
- Regulation of takeover bids is part of regulatory function — it ensures fairness in acquisition of companies.
- Controlling insider trading is a protective function — it protects investors and ensures market transparency.
So the correct match is:
A — (iii), B — (i), C — (ii)
Final Answer: (C) A(iii); B(i); C(ii)