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    Question

    Match the following deposit scheme: A)

    FIMMDA                                     1. Money and derivative B) FEDAI                                          2. Swaps and derivatives C) MCX                                            3. Commodities D) ISDA                                             4. Forex market
    A A-1, B-4, C-3, D-2 Correct Answer Incorrect Answer
    B A-1, B-2, C-3, D-4 Correct Answer Incorrect Answer
    C A-4, B-3, C-2, D-1 Correct Answer Incorrect Answer
    D A-4, B-2, C-1, D-3 Correct Answer Incorrect Answer
    E A-3, B-4, C-1, D-2 Correct Answer Incorrect Answer

    Solution

    FIMMDA refers to Fixed Income Money Market and Derivatives Association of India, incorporated in 1998, a voluntary market body for the bond, money and derivatives markets. FEDAI refers to Foreign Exchange Dealers Association of India (FEDAI) which was created in 1958 and regulates the governing rules and determines the commissions and charges associated with the interbank foreign exchange business. MCX is the Multi Commodity Exchange of India Ltd, an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. ISDA is the International Swaps and Derivatives Association, a trade organization of participants in the market for over-the-counter derivatives. Is it founded in 1985 and has Head Office in New York City

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