22.Which of the following is NOT a SEBI-regulated intermediary? A. Insurance companies B. Depository participants C. Stockbrokers D. Credit rating agencies
Question
22.Which of the following is NOT a SEBI-regulated intermediary? A. Insurance companies B. Depository participants C. Stockbrokers D. Credit rating agencies
Solution
The answer is A. Insurance companies. They are not regulated by SEBI (Securities and Exchange Board of India). Instead, they are regulated by IRDAI (Insurance Regulatory and Development Authority of India).
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