Chairperson of SEBI Resigns Citing Personal Reasons
The Chairperson of the Securities and Exchange Board of India has submitted their resignation, effective immediately, citing personal reasons.
Key Points for Quick Revision
- The Chairperson of SEBI has resigned citing personal reasons.
- SEBI is the regulatory body for the securities and commodity market in India.
- The Chairperson is appointed by the Government of India.
- The selection process is led by a committee headed by the Cabinet Secretary.
How This Topic is Tested in Competitive Exams
| Exam | Frequency | Approx. Marks | What Gets Asked |
|---|---|---|---|
| Banking (IBPS / SBI) | Very High | 6–10 | RBI policy, inflation, CRR/SLR, monetary committee decisions — banking exams test the full spectrum. |
| SSC (CGL / CHSL / MTS) | Medium | 2–4 | Budget highlights, GDP data, and government economic schemes appear in SSC CGL GK section. |
| UPSC / State PCS | High | 10–20 | Economy is a core UPSC subject. Economic Survey, budget, and policy changes are heavily tested. |
What to Memorize from This Topic
- Key budget figures: fiscal deficit %, GDP growth projection, key scheme allocations
- RBI rate decisions: Repo rate, CRR, SLR, Reverse Repo — current values
- Rankings: India's position in ease of doing business, hunger index, HDI
- Abbreviations: FRBM, NBFC, MPC, PMGSY, PMGKAY — full forms and purpose
- Trade data: import-export balance, major trading partners
Practice Questions
Q1. SEBI was established as a statutory body in which year?
- 1988
- 1990
- 1992
- 1995
Explanation: SEBI was established in 1988 but was given statutory powers on January 30, 1992, through the SEBI Act, 1992.
Q2. Who heads the committee that selects the SEBI Chairperson?
- Finance Minister
- RBI Governor
- Cabinet Secretary
- Prime Minister
Explanation: The search-cum-selection committee for the SEBI Chairperson is headed by the Cabinet Secretary.
How to Prepare Economy & Finance for Government Exams
Track current Repo Rate, Inflation rate, and GDP growth. These three numbers appear in almost every banking exam.
Keep a running note of new schemes with their ministry, launch date, and target beneficiary group.
Focus on the Economic Survey and Union Budget highlights — these single documents generate dozens of exam questions.