SEBI has three types of functions including protective functions,__________ functions and Development functions.

Regulatory

The correct answer is option (3)- Regulatory.

SEBI has three types of functions including protective functions, regulatory functions and Development functions.

The Securities and Exchange Board of India (SEBI) was established by the Government of India on 12 April 1988 as an interim administrative body to promote orderly and healthy growth of securities market and for investor protection. It was to function under the overall administrative control of the Ministry of Finance of the Government of India. SEBI has opened regional offices in Kolkalta, Chennai, and Delhi to attend to investor complaints and liaise with the issuers, intermediaries and stock exchanges in the concerned region. The overall objective of SEBI is to protect the interests of investors and to promote the development of, and regulate the securities market. SEBI was entrusted with the twin task of both regulation and development of the securities market. It perform 3 type of function-

* Regulatory Functions, * Development Functions, * Protective Functions