Match List-I with List-II
| List-I (Functions/objectives of SEBI) | List-II (Explanation) |
| (A) Training of intermediaries | (I) Objective of SEBI |
| (B) Controlling insider trading | (II) Regulatory function |
| (C) Guide and educate individual investors | (III) Development function |
| (D) Levying fee for carrying out the purposes of the act | (IV) Protective function |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (A) - (III), (B) - (IV), (C) - (I), (D) - (II)
(A) Training of intermediaries — this matches (III) Development function. Training brokers and other intermediaries of the market helps the market grow and work better.
(B) Controlling insider trading — this matches (IV) Protective function. Insider trading means people with inside knowledge of a company dealing in its shares for gain. Stopping it and penalising it protects ordinary investors.
(C) Guide and educate individual investors — this matches (I) Objective of SEBI. One of SEBI’s stated objectives is to protect the rights and interests of investors, particularly individual investors, and to guide and educate them.
(D) Levying fee for carrying out the purposes of the act — this matches (II) Regulatory function. Levying fees and other charges under the Act is part of SEBI’s regulating of the market.
Note 1: 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 … 2. To protect the rights and interests of investors, particularly individual investors and to guide and educate them.” “Regulatory Functions … 6. Levying fee or other charges for carrying out the purposes of the Act.” “Development Functions 1. Training of intermediaries of the securities market.” “Protective Functions … 2. Controlling insider trading and imposing penalties for such practices.” |
Note 2: The same/similar question has been asked in different years by NTA as per the details given below:
| 2026 | 2025 | 2024 | 2023 | 2022 |
| 24-05 S1 21-05 S1 | – | – | – | – |