Regulation of the Financial Markets: A. RBI B. CAG C. SEBI D. UIDAI
Question
Regulation of the Financial Markets: A. RBI B. CAG C. SEBI D. UIDAI
Solution
The regulation of the financial markets in India is primarily the responsibility of the Securities and Exchange Board of India (SEBI).
Here's a brief overview of the roles of each of the entities you've mentioned:
A. RBI (Reserve Bank of India): This is India's central banking institution, which controls the issuance and supply of the Indian Rupee and regulates the country's money supply, its monetary policy and foreign exchange policy. It doesn't directly regulate the financial markets, but it does play a role in the overall economic stability of the country.
B. CAG (Comptroller and Auditor General of India): This is an authority established by the Constitution of India, which audits all receipts and expenditure of the Government of India and the state governments. It doesn't directly regulate the financial markets.
C. SEBI (Securities and Exchange Board of India): This is the regulator for the securities market in India. It was established to protect the interests of investors in securities, to promote the development of the securities market and to regulate the securities market. Its role is similar to the Securities and Exchange Commission in the United States.
D. UIDAI (Unique Identification Authority of India): This is the agency responsible for implementing the Aadhaar scheme, a unique identification project. It doesn't have a role in regulating the financial markets.
So, the answer to your question is C. SEBI.
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