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Banking and Financial Institutions
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For the discharge of its functions efficiently, SEBI has been vested with the following powers:
1. To approve by-laws of stock exchanges.
2. To direct the stock exchanges to amend their by-laws.
3. Inspect the books of accounts and call for periodical returns from recognized stock exchanges.
4. Inspect the books of accounts of financial intermediaries.

Answer & Solution
Correct Answer: Option D
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