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 the following sections defines burden of proof?
Which doctrine provides precedentiary value to the Judgments?
An accused person has been arrested and is in police custody. The accused wishes to meet with an advocate to consult about their case. Under which secti...
According to Code 70 of the Occupational Safety, Health and Working Conditions Code, 2020 , what is the minimum age for a person to be allowed to work ...
Which of the following is not included under the definition of “begging” under Section 139(4)?
Which one of the following under Indian Evidence Act is not a kind of estoppel?
Which of the following is not covered under TBT Agreement?
After retirement, a Judge of a High Court can undertake practice in _________-
A suit for possession of an immovable property, under section 6 of Specific Relief Act can be filed within__________ of dispossession
In a promissory note the amount of money payable ____________
