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    Question

    Which of the following are the part of Market

    Infrastructure Institutions?
    A Stock Exchanges and Depositories Correct Answer Incorrect Answer
    B Stock Exchange and Clearing houses Correct Answer Incorrect Answer
    C Stock exchanges, Clearing house and Depositories Correct Answer Incorrect Answer
    D Stock exchanges, Clearing house and Depositories and SEBI Correct Answer Incorrect Answer
    E Stock exchanges, Clearing house and Depositories, SEBI and RBI Correct Answer Incorrect Answer

    Solution

    Stock exchanges, depositories and clearing houses are together called Market Infrastructure Institutions and play a key role in the countryтАЩs economic infrastructure. The Bimal Jalan Committee in its 2010 report said, The term тАЬinfrastructureтАЭ means the basic, underlying framework or features of a system. The term тАЬmarket infrastructureтАЭ denotes such fundamental facilities and systems serving the market. The primary purpose of the securities /capital market is to enable allocation of capital/financial resources.

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