In which year the ‘Securities and Exchange Board of India’ (SEBI) was established?

Correct option is B

The Securities and Exchange Board of India (SEBI) was established in the year 1988 as a non-statutory advisory body meant to regulate the securities market, protect investors, and promote the orderly functioning of capital markets.
Later, SEBI was given statutory powers under the SEBI Act, 1992, but its initial establishment year is 1988.
Thus, the correct option is (b) 1988.
Information Booster
1. SEBI became a statutory body in 1992 through the SEBI Act, 1992.
2. Headquarters of SEBI is located in Mumbai.
3. It regulates stock exchanges, brokers, mutual funds, merchant bankers, and other intermediaries.
4. SEBI’s main functions include investor protection, regulation of securities market, and development of capital markets.
5. SEBI has quasi-legislative, quasi-judicial, and quasi-executive powers.