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    Question

    FIMMDA is a voluntary market body for bond and money

    markets, with members representing all major institutional segments of the market. What does FIMMDA stand for?
    A Financial Institutions for Money Market and Derivatives Association of India Correct Answer Incorrect Answer
    B Financial Inclusion for Money Market and Derivatives Association of India Correct Answer Incorrect Answer
    C Fixed Income Money Market Development Association of India Correct Answer Incorrect Answer
    D Fixed Income Money Market and Derivatives Association of India Correct Answer Incorrect Answer
    E Financial Institutions for Money Market and Development Association of India Correct Answer Incorrect Answer

    Solution

    Fixed Income Money Market and Derivatives Association of India (FIMMDA), an association of Scheduled Commercial Banks, Public Financial Institutions, Primary Dealers and Insurance Companies was incorporated as a Company under Section 25 of the Companies Act, 1956 on May 4, 1998. FIMMDA is a voluntary market body for the Fixed Income, bonds, Money and Derivatives Markets. FIMMDA has members representing all major institutional segments of the market.

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