Question : Which of the following institutions does not regulate capital markets in India?
Option 1: Ministry of finance
Option 2: IRDA
Option 3: RBI
Option 4: SEBI
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Answer (1)
12th Jan, 2024
Correct Answer: IRDA
Solution : The correct answer is IRDA.
IRDA or IRDAI stands for Insurance Regulatory and Development Authority of India. It does not regulate capital markets in India. The function of IRDA is to regulate and promote the insurance industries in India. Reserve Bank of India, SEBI & Ministry of Finance are all associated with the regulation of capital markets in India.
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