Identify, which of the following is not an objective of SEBI.( – Answer & Explanation | CUET Subject PYQ – Dubuddy

Identify, which of the following is not an objective of SEBI.
(

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Shift 11/06/2023 3:30 PM - 6:30 PM

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A
To regulate issue of shares in Foreign market
B
To regulate stock exchanges and their orderly functioning
C
To regulate and develop a code of conduct for stock brokers
D
To protect the rights and interests of investors
Correct answer

Correct Answer

To regulate issue of shares in Foreign market
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Detailed Explanation

The overall objective of SEBI is to protect the interests of investors and to promote the development of, and regulate the securities market. This may be elaborated as follows:

 1. To regulate stock exchanges and the securities industry to promote their orderly functioning. 

2. To protect the rights and interests of investors, particularly individual investors and to guide and educate them.

 3. To prevent trading malpractices and achieve a balance between self regulation by the securities industry and its statutory regulation.

 4. To regulate and develop a code of conduct and fair practices by intermediaries like brokers, merchant bankers etc., with a view to making them competitive and professional.

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