MAH LLB 3 Year CET 1 April Shift 2 2026
Given below are three statements about SEBI and securities regulation:Statement (I):SEBI regulates the securities market in India to protect investor interests.Statement (II):SEBI has the power to investigate and penalize market intermediaries for violations.Statement (III):SEBI can make rules for listing of securities, disclosure requirements, and insider trading regulations.In light of the above statements, choose the most appropriate answer from the options given below:
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Answer: Option D — Statement (I), (II) and (III) is correct
Detailed Solution
Under the SEBI Act, 1992, SEBI protects investors and regulates the securities market (I), can inspect, investigate and penalise intermediaries (II), and frames regulations on listing, disclosure (LODR) and insider trading (PIT Regulations) (III).
All three are correct, so (D); (A) and (C) are each only part of the truth.
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Legal Awareness and Quick Facts — Preparation
This question tests your understanding of Legal Awareness and Quick Facts, a key topic in the Legal Aptitude section. The detailed solution above uses a step-by-step approach to show the reasoning, and where available, a shortcut that helps you solve similar questions in under 90 seconds during the actual exam.
Legal Awareness and Quick Facts is part of the Legal Aptitude & Legal Reasoning section of MAH LAW CET (32 questions in the 5-year LLB paper, 24 in the 3-year paper). Topics: Constitutional offices and their tenure, Chief Justices, Election and Finance Commissions, important amendments and legal facts. Practise Law CET-level MCQs with step-by-step explanations.