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Who controls the Stock Exchanges in India?
42. Who controls the Stock Exchanges in India?
- RBI
- Banks
- SEC
- SEBI
Answer: D) SEBI
Explanation:
The securities exchange in every nation currently is administered/constrained by the comparing overseeing bodies in that country. Ex: SEC (Securities Exchange Commission) for USA , SEBI (Securities and Exchanges Board of India) for India. Prior Stock Exchanges in India were kept on being managed straight by the Government of India. In the year 1988 the Government of India comprised SEBI to go about as the autonomous controller of Stock trades, the essential market, Mutual Funds and so forth Protections Scam of 1990-91 dominated by the stockbroker Harshad Mehta, uncovered by writer Sucheta Dalal, provoked Government to make SEBI a legal and independent administrative board with liabilities, to cover both turn of events and guideline of the market.