Securities and Exchange Board of India’s advisory council on leveraging…
2021
Securities and Exchange Board of India’s advisory council on leveraging regulatory and technological solutions has been reconstituted on ALeRTS. Sunil Bajpai will now lead the seven-member panel. Expand the term “L” in ALeRTS-
- A.
Liquidity
- B.
Leveraging
- C.
List
- D.
Loan
- E.
Linkage
Attempted by 3 students.
Show answer & explanation
Correct answer: B
Concept
A regulatory body's named committee is an acronym formed from the key words of its official title. To decode any letter, recall the full official name of the body exactly as constituted, then map each capital letter in the acronym to its corresponding word in that name.
Application
SEBI's committee ALeRTS stands for “Advisory Committee for Leveraging Regulatory and Technology Solutions”. Mapping each acronym letter to its word:
Letter | Word |
|---|---|
A | Advisory (Committee) |
Le | Leveraging |
R | Regulatory |
T | Technology |
S | Solutions |
Therefore the letter “L” expands to Leveraging.
Cross-check
SEBI constituted ALeRTS in December 2021 to guide it in adopting technological solutions for early detection of market anomalies; the panel was later reconstituted under Sunil Bajpai. The official SEBI press release titles it “Advisory Committee for Leveraging Regulatory and Technology Solutions”, which confirms Leveraging as the word behind “L”.