n NISM Certifications
VII NISM Series VII
Medium

Orders of SEBI under the securities laws can be appealed before which authority?

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Reserve Bank of India (RBI)

  2. Securities Appellate Tribunal (SAT)

    Correct answer

  3. C

    Ministry of Finance (MoF)

  4. D

    Company Law Board (CLB)

Why this is the answer

SEBI has the authority to regulate and penalize market intermediaries. Any person aggrieved by SEBI’s orders may appeal before the Securities Appellate Tribunal (SAT).

Test yourself for real

Take a full NISM Series VII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.