Question
After reading the passage carefully,complete the
following sentence:- Ā It is true that rupee and Nifty derivatives are________________.Ā Directions (Q.101 - 105): Read the following passage carefully and answer the questions given below them. Certain words/phrases have been printed in bold to help you locate them while answering some of the questions. Markets regulator Sebi and Indian exchanges need to review their recent decision not to share data with foreign exchanges that trade derivatives on Indian stocks. Simply clamping down on securities data-sharing is no way to prevent the market for Indian underlyings moving abroad. The way forward is to rationalise the rules, transaction costs and trading hours for equity, currency and commodity derivatives products, so as to have a thriving futures and options market here and attendant risk management skills . Securities exchanges are highly networked entities, and it is not in the interest of Indian markets to unilaterally black out data and price discovery with counterparts abroad. It is true that rupee and Nifty derivatives are increasingly traded outside India, but there are network benefits too. Such trading results in global price discovery of the Indian underlyings, and cost-effective hedging of risk for foreign investors in the Indian market, which would very much be in the interest of domestic investors, besides of their foreign counterparts. We do need to review our norms on securities tax, stamp duties, margin requirements, position limits and even participation rules for derivatives, which are now accepted as standard risk-management products globally. Without a thriving derivatives market, we cannot have an attractive bond market and modern, transparent armās-length finance. It follows that without modern futures and options markets, the entire economy would be affected. And cutting ourselves off from international markets, by fiat, is atavistic , draconian and a throwback to pre-reform days. In a fast-growing, globalising economy, the gag order on data exchange is incongruous and shakes the confidence of the rest of the world in the Indian economy.Solution
The complete sentence is-Ā It is true that rupee and Nifty derivatives are increasingly traded outside India, but there are network benefits too.
The meeting has been postponed and will be rescheduled at a later date.
In each question below, a sentence is given with a part of it printed in bold type. That part may contain a grammatical error. Each sentence is followe...
A callous system generates nothing but a misanthrope.
I. Without a global efforts to rapidly reduce greenhouse gas emissions, average global temperatures are very likely to exceed 2Ā°C even with current po...
There was nothing very cheerful in the climate or the town, and though there was an air of cheerfulness abroad.
Improve the bold part of the sentence. Choose āNo improvementā as an answer if the sentence is grammatically correct.
Ā A man may die, na...
Select the alternative that will improve the bold part of the sentence in case there is no improvement select āNo improvementā.
Ajit has b...
There were significant factors responsible for the farmersā victory apart from the well-known political reasons for which the farm laws were repealed....
In the questions given below, a part of the sentence is given in bold. Below each sentence, some phrases are given which can substitute the bold part ...
In each of the following questions, a part of the sentence is bold. Below the sentence are given alternatives to the bold part which may improve the se...
Relevant for Exams:
