Which of the following is not a function of SEBI? A. Regulating credit card companies B. Promoting investor education C. Regulating stock exchanges D. Regulating credit rating agencies
Question
Which of the following is not a function of SEBI? A. Regulating credit card companies B. Promoting investor education C. Regulating stock exchanges D. Regulating credit rating agencies
Solution
The function that is not a part of SEBI's responsibilities is A. Regulating credit card companies. SEBI, or the Securities and Exchange Board of India, is primarily responsible for regulating and developing the Indian securities market. This includes promoting investor education, regulating stock exchanges, and regulating credit rating agencies. However, the regulation of credit card companies falls under the purview of the Reserve Bank of India (RBI), not SEBI.
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