Business Regulators and Intermediaries — Chapter Summary
ICSE · Class 12 · Business Studies
Summary of Business Regulators and Intermediaries for ICSE Class 12 Business Studies. Part of the ICSE Class 12 Business Studies syllabus.
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Overview
Business regulators and intermediaries are important parts of the Indian business system. Regulators control and supervise selected institutions so that business works fairly and safely, while intermediaries connect businesses, investors, consumers, and service users. RBI, SEBI, IRDAI, FSSAI, and BI
Key Concepts
Regulators are authorities constituted or appointed
Regulators are authorities constituted or appointed by the Government. They regulate the working of specified individuals and organisations. Their rol
Intermediaries are individuals and organisations
Intermediaries are individuals and organisations that act as middlemen between two different groups of the economy or society. They connect corporate
The Reserve Bank of India
The Reserve Bank of India is the central bank of the country. It regulates commercial banks and non-banking finance companies, controls money supply a
SEBI regulates stock exchanges
SEBI regulates stock exchanges, stock brokers, merchant bankers, depositories, mutual funds, and credit rating agencies. It was first constituted in A
IRDAI is the statutory apex body
IRDAI is the statutory apex body that governs and supervises the insurance industry in India. It was established under the IRDAI Act on December 26, 2
Learning Objectives
- Understand the meaning of regulators and intermediaries
- Identify the major regulators in India and their functions
- Explain the role of RBI in the banking system
- Describe the functions of SEBI in the securities market
- Understand the role of IRDAI in regulating insurance
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Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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