SEBI - Banking awareness questions on current affairs

1)   How many firms have been banned by SEBI which are suspected to be platforms for tax evasion?

a. 500
b. 600
c. 764
d. More than 900
Answer  Explanation 

ANSWER: More than 900

Suspecting tax evasion of at least 5,000 to 6,000 crore rupees, Securities and Exchange Board of India (SEBI) has clamped down on a large number of organised syndicates who had set up shops to convert black money into legitimate-looking funds through the stock market platform.