Question

In April, 1998 the ---------------- was constituted as the regulator of capital markets in India under a resolution of the Government of India.

Answer 1

Answer:  

In 'April 1998', the SEBI was constituted as the 'regulator of capital markets' in India under a 'resolution of the 'Government of India'.  

Explanation:  

• SEBI is a regulatory authority that was established primarily as a non-statutory institution and the role was to witness, regulate and govern the securities and financial market of India.
• SEBI is given the mission of protecting the nominees’ welfares as well as the traders and in overall creating a conducive and healthy environment for development and sustenance of the equity market.