Which of the following is planning to regulate Financial Influencers (Finfluencers) in India?
This questions was previously asked in
SBI PO Mains (30 Jan, 2023)
Explanation:
- Option 1: RBI (Reserve Bank of India)
- Primarily deals with monetary policy, banking regulations, and financial stability.
- Option 2: SEBI (Securities and Exchange Board of India)
- This is the correct answer. SEBI is responsible for regulating securities markets. It looks after investor protection and fair practices, which makes it likely to regulate finfluencers.
- Option 3: NABARD (National Bank for Agriculture and Rural Development)
- Focuses on agriculture and rural development.
- Option 4: SIDBI (Small Industries Development Bank of India)
- Aims at promoting and financing micro, small, and medium enterprises (MSMEs).
- Option 5: FSSAI (Food Safety and Standards Authority of India)
- Regulates food safety standards in India.
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By: Parvesh Mehta