Securities Exchange Board of India (SEBI) by Dr. Arti Gadre Quiz
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Questions and Answers

What was the role of the Securities Exchange Board of India (SEBI) prior to liberalization?

  • Administering the Capital Issues (Control) Act
  • Regulating transactions in securities through control over stock exchanges (correct)
  • Repealing the Capital Issues (Control) Act
  • Controlling the pricing of issues

    • Which Act restricted the issuer’s access to the securities market and controlled the pricing of issues prior to liberalization?

  • The code of conduct for the corporate sector
  • The Capital Issues (Control) Act (correct)
  • The Companies Act
  • The Securities Contracts (Regulation) Act

    • What was the impact of the repeal of the Capital Issues (Control) Act in May 1992?

  • Increased government control over issue of capital
  • Abolished the office which administered the Act
  • Allowed market to allocate resources to competing uses (correct)
  • Introduced restrictions on pricing of issues

    • What did the Securities Contracts (Regulation) Act do prior to liberalization?

    <p>Controlled transactions in securities through stock exchanges</p> Signup and view all the answers

    What were the key objectives of the Securities Exchange Board of India (SEBI) prior to liberalization?

    <p>Controlling the pricing of issues</p> Signup and view all the answers

    What was the primary objective of SEBI?

    <p>To protect the interest of investors and secure investor protection</p> Signup and view all the answers

    What was the impact of the government’s control over issue of capital ceasing after liberalization?

    <p>Allowed market to allocate resources to competing uses</p> Signup and view all the answers

    When was SEBI established as a statutory body?

    <p>January 30, 1992</p> Signup and view all the answers

    What does SEBI stand for?

    <p>Securities and Exchange Board of India</p> Signup and view all the answers

    What did the SEBI Act, 1992 empower SEBI to do?

    <p>All of the above</p> Signup and view all the answers

    What was the regulatory authority before SEBI came into existence?

    <p>Controller of Capital Issues</p> Signup and view all the answers

    Where is the head office of SEBI located?

    <p>Bombay</p> Signup and view all the answers

    What additional statutory powers were given to SEBI in 1995?

    <p>Authority to develop and regulate the stock market in India</p> Signup and view all the answers

    What can be inferred about the SEBI Act, 1992?

    <p>It was enacted to empower SEBI with statutory powers</p> Signup and view all the answers

    'Promoting efficient services by brokers' is aimed at making them:

    <p>'Competitive and professional'</p> Signup and view all the answers

    'Perpetual succession' refers to:

    <p>'Continuous existence'</p> Signup and view all the answers

    What was the impact of the repeal of the Capital Issues (Control) Act in May 1992?

    <p>The government's control over the issue of capital, pricing of the issues, and fixing of premia and rates of interest on debentures ceased.</p> Signup and view all the answers

    What was the role of the Securities Exchange Board of India (SEBI) prior to liberalization?

    <p>It was responsible for regulating transactions in securities through control over stock exchanges.</p> Signup and view all the answers

    What can be inferred about the SEBI Act, 1992?

    <p>It granted SEBI sweeping powers over pricing and issuing of securities.</p> Signup and view all the answers

    What were the key objectives of the Securities Exchange Board of India (SEBI) prior to liberalization?

    <p>To regulate transactions in securities through control over stock exchanges and ensure proper disclosures in public issues.</p> Signup and view all the answers

    What additional statutory powers were given to SEBI in 1995?

    <p>Authority to regulate foreign direct investments into the Indian securities market.</p> Signup and view all the answers

    'Perpetual succession' refers to:

    <p>The ongoing existence of SEBI as a regulatory body.</p> Signup and view all the answers

    Which of the following is NOT one of the primary objectives of SEBI?

    <p>Attracting foreign investment into the capital market</p> Signup and view all the answers

    Before SEBI came into existence, who was the regulatory authority with derived authority from the Capital Issues (Control) Act, 1947?

    <p>Controller of Capital Issues</p> Signup and view all the answers

    What was the additional statutory power given to SEBI by the Government of India in 1995?

    <p>Power to call for information</p> Signup and view all the answers

    What does the term 'perpetual succession' refer to in the context of SEBI?

    <p>Uninterrupted continuation as a body corporate</p> Signup and view all the answers

    Which Act restricted the issuer’s access to the securities market and controlled the pricing of issues prior to liberalization?

    <p>The Capital Issues (Control) Act, 1947</p> Signup and view all the answers

    What was the impact of repealing the Capital Issues (Control) Act in May 1992?

    <p>Reduced government control over capital issues</p> Signup and view all the answers

    Where is the head office of SEBI located?

    <p>Mumbai</p> Signup and view all the answers

    What was the role of SEBI prior to liberalization?

    <p>Developing and regulating the stock market in India</p> Signup and view all the answers

    Study Notes

    SEBI Before Liberalization

    • Prior to liberalization, SEBI's role was limited as the regulatory authority was the Controller of Capital Issues (CCI) who derived authority from the Capital Issues (Control) Act, 1947.
    • The Capital Issues (Control) Act restricted the issuer’s access to the securities market and controlled the pricing of issues prior to liberalization.

    SEBI's Objectives and Powers

    • The key objectives of SEBI prior to liberalization were to regulate and control the securities market, and to protect the interests of investors.
    • The primary objective of SEBI was to regulate and control the securities market.
    • The SEBI Act, 1992 empowered SEBI to regulate the securities market.
    • In 1995, SEBI was given additional statutory powers to regulate the securities market.

    Impact of Repeal of Capital Issues (Control) Act

    • The repeal of the Capital Issues (Control) Act in May 1992 led to the government's control over the issue of capital ceasing, allowing companies to raise capital freely.

    SEBI Establishment and Location

    • SEBI was established as a statutory body in 1992.
    • The head office of SEBI is located in Mumbai.

    Perpetual Succession

    • The term 'perpetual succession' refers to the continuous existence of a company, unaffected by changes in its membership.

    Brokers' Services

    • 'Promoting efficient services by brokers' is aimed at making them more efficient and effective.

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    Description

    Test your knowledge about the Securities Exchange Board of India (SEBI) with this quiz based on the topics introduced by Dr. Arti Gadre. The quiz covers objectives, terms, establishment, powers and functions, accounts and audit, penalties, regulations, and more.

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