Which of the following is an example of a regulatory body in the Indian financial sector?Question 19AnswerA.All of the aboveB.SEBI (Securities and Exchange Board of India)C.NABARD (National Bank for Agriculture and Rural Development)D.RBI (Reserve Bank of India)
Question
Which of the following is an example of a regulatory body in the Indian financial sector?Question 19AnswerA.All of the aboveB.SEBI (Securities and Exchange Board of India)C.NABARD (National Bank for Agriculture and Rural Development)D.RBI (Reserve Bank of India)
Solution
The answer is A. All of the above. All three options B, C, and D are regulatory bodies in the Indian financial sector.
B. SEBI (Securities and Exchange Board of India) - It regulates the securities market in India and protects the interests of investors in securities.
C. NABARD (National Bank for Agriculture and Rural Development) - It is responsible for providing and regulating credit and other facilities for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts.
D. RBI (Reserve Bank of India) - It is the central bank of India, which regulates the issue and supply of the Indian Rupee and controls the monetary policy of the Indian economy.
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