economics easy Fill in the Blank

The Securities and Exchange Board of India (SEBI) was given statutory powers through an ordinance in the year ___.

  1. Solow (or Solow-Swan)
  2. Production
  3. 1992
  4. indirect

Answer: 1992

Although SEBI was initially set up as a non-statutory body in 1988, it lacked enforcement teeth. It was granted statutory status and comprehensive regulatory powers over the securities market via the SEBI Act, which was passed by Parliament in 1992.

Topic Financial Markets - Regulation
Exam Relevance SSC, Railway, Banking
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