Which one of the following does not belong to regulatory bodies in India?
A. FMC
B. IRDA
C. PFRDA
D. SEBI
Answer: Option D
Solution (By Examveda Team)
SEBI does not belong to regulatory bodies in India. The Securities and Exchange Board of India was established as a non-statutory regulatory body in the year 1988, but it was not given autonomous, statutory powers until January 30, 1992, when the Securities and Exchange Board of India Act was passed by the Parliament of India.
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