Question

Match the functions of the Securities and Exchange Board of India (SEBI) given in Column-I with their respective headings in Column-II:

Column-I (Function)	Column-II (Heading)
A. Training of intermediaries of securities markets	(iii) Development function
B. Regulation of takeover bids by companies	(i) Regulatory function
C. Controlling insider trading and imposing penalties for such practices	(ii) Protective function

• A. A(ii); B(iii); C(i)
• B. A(i); B(ii); C(iii)
• C. A(iii); B(i); C(ii)
• D. A(iii); B(ii); C(i)

Hint:

SEBI protects, regulates, and develops — remember these three pillars of its functioning.

Answer 1

The Correct Option is C

- Intermediary training serves a development function by enhancing market operation efficiency and effectiveness.
- Regulating takeover bids is a regulatory function that promotes fairness in company acquisitions.
- Insider trading control is a protective function, safeguarding investors and ensuring market transparency.

Therefore, the correct pairings are:
A — (iii), B — (i), C — (ii)

Final Answer: (C) A(iii); B(i); C(ii)