Match list I with list II
| LIST 1 |
LIST II |
| A. Training of Intermediaries | I. Functions of Financial Market |
| B. Providing liquidity to financial Assets | II. Functions of Stock Exchange |
| C. Safety of Transaction | III. Development function of SEBI |
| D. Protect the interest of investor | IV. Objective of SEBI |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A)-(III), (B)-(I), (C)-(II), (D)-(IV)
(A) Training of Intermediaries → (III) Development function of SEBI — Intermediaries are the brokers, sub-brokers and other agents who work in the market. “Training of intermediaries of the securities market” is the first development function of SEBI.
(B) Providing liquidity to financial Assets → (I) Functions of Financial Market — Liquidity means an asset can be turned into cash easily. A financial market lets people buy and sell financial assets easily, so it gives them liquidity. This is a function of a financial market.
(C) Safety of Transaction → (II) Functions of Stock Exchange — The members of a stock exchange are well controlled, and its dealings follow the law. So investors get a safe and fair deal. This is a function of a stock exchange.
(D) Protect the interest of investor → (IV) Objective of SEBI — The overall objective of SEBI is to protect the interests of investors and to develop and regulate the securities market.
Note: Although the chapter ‘Financial Markets’ was dropped from the NCERT textbooks during rationalisation, it has stayed in the NTA syllabus every year since 2022, except for 2025, and it is part of the syllabus again from 2026. This question is therefore based on the pre-rationalised NCERT, an extract from which is given below. NCERT (Pre-rationalised Edition): “Objectives of SEBI The overall objective of SEBI is to protect the interests of investors and to promote the development of, and regulate the securities market. …” “Development Functions 1. Training of intermediaries of the securities market.”
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