Question
In which year the Securities and Exchange Board of India was established?
Answer (Detailed Solution Below)
Option 3: 1992
Detailed Solution
The correct answer is 1992.
The Securities and Exchange Board of India (SEBI) is the key regulatory authority for the Indian securities market, established to protect investor interests, promote market growth, and ensure the fairness and transparency of financial transactions. Initially formed in 1988, SEBI was given statutory powers through the SEBI Act, 1992.
Over the years, SEBI has played a pivotal role in transforming India’s securities markets by introducing major reforms like paperless trading, electronic settlements, and the T+1 settlement cycle, which has significantly improved the market’s efficiency and security.
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