Economics · Indian Financial Infrastructure
Which of the following statements regarding the regulatory framework and institutional milestones within the Indian financial system is INCORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, provide the regulatory architecture for companies to raise capital through fresh issues like Initial Public Offerings (IPOs) and Rights Issues.
- 2The Nifty 50, the benchmark index for the National Stock Exchange (NSE), consists of 50 liquid, large-cap stocks and is calculated with a base value of 1000 and a base date of November 1995.
- 3The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body constituted with a full-time Chairperson, five full-time members, and four part-time members, all appointed by the Central Government.
- 4During the Life Insurance Corporation of India (LIC) IPO in May 2022, the government raised ₹21,000 crore by diluting a 10% stake in the corporation.✓
Correct answer
During the Life Insurance Corporation of India (LIC) IPO in May 2022, the government raised ₹21,000 crore by diluting a 10% stake in the corporation.
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