Question
What is the purpose of the Clearing Corporation of
India Limited (CCIL) in the Indian capital market?Solution
The Clearing Corporation of India Limited (CCIL) is a subsidiary of the Reserve Bank of India (RBI) and provides centralized clearing and settlement services for trades in the money, government securities, and forex markets. CCIL was established in April 2001 to bring about improvements in the functioning of the market and to ensure the safety and stability of the market. The main function of CCIL is to act as a counterparty to all trades executed in the markets it operates in and to guarantee the settlement of these trades. Hence, option C is correct.
Which of these statements is definitely true according to the passage?
What did Shahid joke about?
Which of the following is a near antonym of the word ‘complicate’?
What according to the passage, does the survey support?
I. Economic expansion by job creation
II. Agricultural reforms
III. A b...
Directions (106-107): Choose the word/group of words which is most opposite in meaning to the word/group of words printed in bold as used in the passag...
What is the general tone of passage?
Why were all the judges who revolted, were upset with the CJI?
Which one of the following words is the most opposite in meaning as the word ‘ compliance’ as used in the passage?
...Which one of the following maybe a suitable meaning of the following phrase ‘brushed under the carpet’ as used in the passage above.
...According to one of the three kids, how could the skin colour be changed?
