| Consider the following statements about the Indian Capital Market |
| 1. The Security Exchange 'Board of India (SEBI) was set up in the Seventh Five Year Plan. |
| 2. The Capital Issue (Control) Act-1947 was repealed and replaced by the SEBI. Which of the statements given above is/are correct? |
A) Only 1
B) Only 2
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: C
Solution :
[c] The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. It was established in the year 1988 and given statutory powers on 12 April 1992 through the SEBI Act, 1992. Seventh Five Year Plan (1985-1990).
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