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Which of the following is NOT a power vested in SEBI?

easy Q2 of 15
Financial Awareness - Risk, Stability & Emerging Finance
Which of the following is NOT a power vested in SEBI?
AFraming regulations for securities market
BConducting inquiries and audits
CIssuing banking licenses
DEnforcing compliance and penalties
Step-by-Step Solution
  1. Step 1: Identify SEBI's powers

    SEBI has quasi-legislative, quasi-judicial, and quasi-executive powers including framing regulations, conducting inquiries, and enforcing compliance.
  2. Step 2: Recognize unrelated power

    Issuing banking licenses is the prerogative of the Reserve Bank of India, not SEBI.
  3. Final Answer:

    Issuing banking licenses → Option C
  4. Quick Check:

    Issuing banking licenses = correct ✅
Quick Trick: Associate banking licenses only with RBI.
Common Mistakes:
  • Mistaking SEBI's regulatory powers for RBI's banking authority.
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