What is the primary objective of the Securities and

Solution

The primary objective of the Securities and Exchange Board of India (SEBI) is to regulate and develop the capital market in India. SEBI was established in 1988 as an autonomous statutory body to regulate and oversee the functioning of the securities market in India. Its functions include protecting the interests of investors, promoting fair practices in securities markets, regulating and developing the securities market, and enforcing securities laws. SEBI also regulates other segments of the financial market, such as mutual funds and credit rating agencies. Hence, option A is correct.