SEBI has recently tightened the norms for mergers Which of the following statements about SEBI are c...........

Economic Affairs Financial Institutions

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SEBI has recently tightened the norms for mergers. Which of the following statements about SEBI are correct?

1. It is accorded the status of “Super Regulator” in the country for financial stability.

2. It is a statutory body.

3. It performs quasi-judicial, quasi-legislative and quasi-executive functions.

Choose the correct alternative:

1 and 2 only

2 and 3 only

1 and 3 only

1, 2 and 3

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Explanation:

Explanation: The super regulator for financial stability is Financial Stability and Development Council (FSDC). It is a statutory body under SEBI Statute of 1992 though initially it was a non-Constitutional, non-statutory body when established in 1988. It perform quasi-judicial, quasi-legislative as well as quasi-executive body.