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    Question

    FIMMDA is a voluntary market body for the bond, money,

    and derivatives markets, with members representing all major institutional segments. 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

    FIMMDA stands for Fixed Income Money Market and Derivatives Association of India. • It is an association comprising Scheduled Commercial Banks, Public Financial Institutions, Primary Dealers, and Insurance Companies. • Incorporated on May 4, 1998 under Section 25 of the Companies Act, 1956, it serves as a voluntary market body. • Its primary role is to develop and regulate practices in the fixed income, bonds, money market, and derivatives market segments. • FIMMDA also issues guidelines, standardizes documentation, and provides a platform for discussion among key market participants.

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