Banking · Financial Regulators in India
Which of the following statements regarding the Indian financial regulatory system is INCORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1RBI is the apex monetary and central banking institution in India
- 2SEBI is the statutory regulator for the securities market in India
- 3FMC stood for Forward Markets Commission of India before its merger with SEBI
- 4The Indian financial system is governed by ten main regulatory bodies✓
Correct answer
The Indian financial system is governed by ten main regulatory bodies
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