Which of the following financial institutions of India protects the interests of the investors and facilitates the functioning of the stock market intermediaries?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Securities and Exchange Board of India (SEBI).
- SEBI has a comprehensive mechanism to facilitate redressal of investor grievances against intermediaries and listed companies.
- The SEBI, established under the SEBI Act, is the apex regulatory body for the securities market.
- Besides regulation, the SEBI's mandate includes responsibilities for ensuring investor protection and promoting orderly growth of the securities market.