Consider the following statements:
1. Madhabi Puri Buch became the first woman to head SEBI in March 2022.
2. Tuhin Kanta Pandey has been appointed as the new SEBI Chief for three years from February 28, 2025.
3. Saudi Arabia has awarded PM Narendra Modi the Order of Mubarak Al-Kabeer.
Which of the above statement(s) is/are correct?
Show answer & explanation
Correct answer: D
Explanation
Answer: 1 and 2 only
Explanation:
Statement 1: Correct
Madhabi Puri Buch became the first woman Chairperson of Securities and Exchange Board of India in March 2022.
Statement 2: Correct
Tuhin Kanta Pandey has been appointed as the SEBI Chairperson for a three-year term starting February 28, 2025.
Statement 3: Incorrect
Narendra Modi has received several international honours, but the “Order of Mubarak Al-Kabeer” is not awarded by Saudi Arabia to him.
This award is associated with Kuwait, not Saudi Arabia.
Saudi Arabia’s top honour is different (e.g., Order of King Abdulaziz).
Thus, only Statements 1 and 2 are correct.
Additional Key Points:
SEBI is the regulatory body for securities and capital markets in India
Established in 1988, given statutory powers in 1992
Functions of SEBI:
Protect investor interests
Regulate stock markets
Prevent fraudulent practices
Chairperson of SEBI is appointed by the Government of India
Potential Exam-Oriented Questions & Answers:
Question: What is the main function of SEBI?
Answer: To regulate securities market and protect investors
Question: Who appoints the SEBI Chairperson?
Answer: Government of India