The correct answer is: A. SEBI
The Securities and Exchange Board of India (SEBI) is the regulator of the Indian securities market. It was established in 1992 by the Government of India to protect the interests of investors in securities and to promote the development of, and regulate, the securities market in India.
SEBI is responsible for regulating the stock exchanges in India, as well as other financial institutions such as mutual funds and stockbrokers. It also has the power to investigate and prosecute market participants for violations of securities laws.
SEBI is a statutory body that is headed by a chairman and two members. It is funded by the Government of India.
SEBI has a number of functions, including:
- Regulating the stock exchanges in India
- Regulating other financial institutions such as mutual funds and stockbrokers
- Investigating and prosecuting market participants for violations of securities laws
- Promoting the development of the securities market in India
- Protecting the interests of investors in securities
SEBI has a number of powers, including:
- The power to make rules and regulations governing the securities market
- The power to issue directions to stock exchanges and other financial institutions
- The power to investigate and prosecute market participants for violations of securities laws
- The power to impose penalties on market participants for violations of securities laws
SEBI is an important regulator of the Indian securities market. It plays a vital role in protecting the interests of investors and in promoting the development of the securities market in India.
The other options are incorrect because:
- The Securities and Exchange Commission (SEC) is the regulator of the US securities market.
- The Reserve Bank of India (RBI) is the central bank of India.
- A financial institution is a company that provides financial services, such as banking, insurance, and investment.