Financial Awareness - Risk, Stability & Emerging Finance
Which of the following statements about the Securities Appellate Tribunal (SAT) in India is correct?
Which of the following statements about the Securities Appellate Tribunal (SAT) in India is correct?
hard Q10 of 15
Step-by-Step Solution
Step 1: Understand the role of Securities Appellate Tribunal
SAT is a quasi-judicial body established to hear and dispose of appeals against orders passed by SEBI or other authorities under the SEBI Act.Step 2: Differentiate from other functions
Regulating stock exchanges is SEBI's role; issuing licenses is SEBI's responsibility; settlement management is done by Clearing Corporations.Step 3: Confirm correct statement
SAT acts as an appellate authority, providing legal recourse against SEBI decisions.Final Answer:
SAT is a quasi-judicial body that hears appeals against SEBI orders → Option BQuick Check:
Securities Appellate Tribunal = hears SEBI appeals ✅
Quick Trick: Remember SAT as appellate body over SEBI decisions.
Common Mistakes:
- Confusing SAT with regulatory or licensing authority.
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