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Question

In which year did the Securities and Exchange Board of India (SEBI) acquire statutory status under the SEBI Act?

This question was previously asked in
SSC CGL 2018 (Tier 2) Statistics Previous Year Paper (22-feb-2018)
The correct answer is

1992

SEBI was first set up as a non-statutory body in 1988. It was given statutory status through the SEBI Act, 1992, which made it the independent regulator of India's securities market under the Ministry of Finance.

Since the question concerns its formal establishment as a statutory authority, the correct year is 1992.

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