Asian Banker awarded SEBI the "Best Conduct of Business Regulator" title

Current Context: The Securities and Exchange Board of India (SEBI), the regulator for the securities market in India, was awarded the title of “Best Conduct of Business Regulator” in the Asia Pacific region by The Asian Banker on June 7, 2024.

• This prestigious award recognizes SEBI’s significant role in enhancing the regulatory framework for securities markets in India.
• The award was received by Kamlesh Chandra Varshney, a Whole Time Member of SEBI, in a ceremony held in Hong Kong.
• This recognition underscores SEBI’s efforts in regulating and developing the Indian securities market.

Question:

1 Who was awarded the title of “Best Conduct of Business Regulator” in the Asia Pacific region by The Asian Banker on June 7, 2024?

• A) Reserve Bank of India
• B) Securities and Exchange Board of India (SEBI)
• C) Insurance Regulatory and Development Authority of India
• D) Pension Fund Regulatory and Development Authority

Answer: B) The Securities and Exchange Board of India (SEBI), the regulator for the securities market in India, was awarded the title of “Best Conduct of Business Regulator” in the Asia Pacific region by The Asian Banker on June 7, 2024.