Teaching MPPSC Assistant Professor Mock Test Series 2025 Banking and Financial Institutions Financial Regulators in India
Direction In the question given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?
Assertion (A) SEBI cannot conduct enquiries, audit and inspection for the offences under the act.
Reason (R) Bankers to the issue and portfolio managers have to be registered with SEBI.
1
Both (A) and (R) are true and (R) is the correct explanation of (A)
2
Both (A) and (R) are true, but (R) is not the correct explanation of (A)
3
(A) is true, but (R) is false
4
(R) is true, but (A) is false