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NISM Certifications · NISM-Series-VI: Depository Operations · Introduction to the Indian Capital Market

Which entity is responsible for regulating the Indian securities market, including depositories and stock exchanges, and was established under the SEBI Act?

The Securities and Exchange Board of India regulates the securities market, including stock exchanges, depositories and intermediaries, under the SEBI Act. The RBI oversees banking and monetary policy and IRDAI oversees insurance, so neither is the primary securities market regulator.

  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 as the sole market regulator

Explanation

SEBI is the statutory regulator of the securities market, including stock exchanges, depositories, and intermediaries. RBI regulates banks and monetary policy, and IRDAI regulates insurance. The Ministry of Corporate Affairs administers company law but is not the securities market regulator.

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