New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    According to the SEBI Act the Central Government may

    supersede Board for period not more than______.
    A 6 months Correct Answer Incorrect Answer
    B 12 months Correct Answer Incorrect Answer
    C 18 months Correct Answer Incorrect Answer
    D 24 months Correct Answer Incorrect Answer

    Solution

    As per Section 17 of SEBI Act 1992, in case of grave emergency or persistent default in complying CGs direction; CG may supersede Board for period not exceeding 6 months.

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