Current Affairs · Polity and Economy Legislation
Consider the following statements: Statement I: The proposed Securities Markets Code Bill seeks to replace multiple existing securities laws (such as the SEBI Act, SCRA, and Depositories Act) with a single consolidated legislation. Statement II: Under the Constitution of India, Parliament has the exclusive legislative competence to enact laws on stock exchanges and futures markets. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is incorrect, but Statement II is correct.
- 2Statement I is correct, but Statement II is incorrect.
- 3Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.✓
- 4Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.
Correct answer
Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.
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