One development function of SEBI is undertaking measures to develop the capital markets by adapting a __________ approach.
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → flexible
The third development function of SEBI is undertaking measures to develop the capital markets by adapting a flexible approach.
The other words come from SEBI’s objectives. SEBI regulates stock exchanges to promote their orderly functioning, and it wants intermediaries to be competitive and professional.
NCERT (Pre-rationalised Edition): “Functions of SEBI Keeping in mind the emerging nature of the securities market in India, SEBI was entrusted with the twin task of both regulation and development of the securities market. It also has certain protective functions. …” “Development Functions 1. Training of intermediaries of the securities market. |