Question

Statement - I: Regulation of takeover bids by companies is one of the Regulatory functions of Securities and Exchange Board of India.

Statement - II: Training of intermediaries of securities market is one of the development functions of Securities and Exchange Board of India.

Choose the correct option from the following:

Options

• Statement I is correct, and Statement II is incorrect.

• Statement II is correct, and Statement I is incorrect.

• Both Statement I and Statement II are correct.

• Both Statement I and Statement II are incorrect.

Answer 1

Both Statement I and Statement II are correct.

Explanation:

SEBI both controls the market to stop scams and grows it by bringing in new ways of doing things. In two ways, it works. It has both a controlling and a developmental role.