n NISM Certifications
X NISM Series X
Medium

Which legislation grants the Central Government regulatory jurisdiction over securities contracts?

Practice question from NISM Series XB- Investment Adviser (Level 1) Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    SEBI Act

  2. B

    Stock Exchanges (Regulation) Act

  3. Securities Contracts (Regulation) Act

    Correct answer

  4. D

    Companies Act

Why this is the answer

This Act provides for regulation and recognition of stock exchanges and controls securities contracts, giving the government regulatory authority.

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