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: More than 900

Explanation:

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.