Which of the following is a function of the Securities and Exchange Board of India?
A. Regulating the securities market and protecting investor interests
B. Collecting direct taxes
C. Formulating monetary policy
D. Issuing currency notes
Answer: Option A
Solution (By JKSSB Mock Tests)
SEBI is the regulator of the Indian securities market; its mandate includes protecting investors, promoting the development of the market and regulating market intermediaries.
Explanation:
In a mixed economy, the government intervenes to provide public goods, correct externalities and redistribute income, but does not completely control all production decisions, which remain partly with the private sector.
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