Skip to content

NISM Certifications · NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors · Introduction to Securities Markets

In the Indian securities market, which entity is the primary regulator that frames rules for stock exchanges, depositories and intermediaries such as portfolio managers?

The Securities and Exchange Board of India is the primary regulator of the securities market. It was set up under the SEBI Act, 1992 and frames rules for exchanges, depositories and intermediaries including portfolio managers, whereas RBI mainly oversees banks and money markets.

  1. ASecurities and Exchange Board of IndiaCorrect
  2. BReserve Bank of India
  3. CInsurance Regulatory and Development Authority of India
  4. DMinistry of Corporate Affairs

Explanation

SEBI is the statutory regulator of the securities market under the SEBI Act, 1992. It regulates exchanges, depositories and intermediaries, including portfolio managers. RBI mainly regulates banks and the money and government securities markets, so it is not the primary securities market regulator.

Did you get it right without looking?

One question tells you little. A timed set on Introduction to Securities Markets shows your real accuracy, how long you take and where you lose marks.

Practise Introduction to Securities MarketsFree diagnostic mock

More Introduction to Securities Markets questions