Question

Identify the regulatory institution(s) in India.

• A. Securities and Exchange Board of India (SEBI)
• B. Insurance Regulatory and Development Authority of India (IRDAI)
• C. Small Industries Development Bank of India (SIDBI)
• D. Central Electricity Regulatory Commission (CERC)

Hint:

SEBI regulates securities markets, IRDAI regulates insurance, and CERC regulates electricity. SIDBI mainly provides financial assistance for MSME development and is not a regulator.

Answer 1

The Correct Option is A, B, D

Step 1: Define a regulator.
A regulatory body is set up to supervise and frame rules for a sector, watching compliance and protecting users.

Step 2: Check SEBI.
SEBI oversees the securities market, brokers and listed firms. It is a regulator, so A is correct.

Step 3: Check IRDAI.
IRDAI supervises insurers and protects policyholders. It is a regulator, so B is correct.

Step 4: Check SIDBI.
SIDBI is a development finance body that supports small industries with funding. It does not regulate a sector, so C is wrong.

Step 5: Check CERC.
CERC sets tariffs and rules for the central power sector. It is a regulator, so D is correct.
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