Consider the following regarding Securities and Exchange Board of India SEBI 1 SEBI i...........

Economic Affairs Financial Institutions

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Consider the following regarding Securities and Exchange Board of India (SEBI)-

1) SEBI is a statutory body.

2) SEBI is responsible to guard the interests of issuers of securities, the investors and intermediaries.

3) It is headed by a director.

Which of the given above statement (s) is/ are correct?

1 and 2

2 and 3

1 and 3

All of the above

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Explanation:

Third statement is incorrect.
The Securities and Exchange Board of India (SEBI) is the designated regulatory body for the finance and investment markets in India.
SEBI's management is composed of its own members. Its management team consists of a chairman nominated by the Union Government of India, two members who are officers from the Union Finance Ministry, one member from the Reserve Bank of India and five other members who are also nominated by the Union Government of India.