šŸ“¢ Too many exams? Donā€™t know which one suits you best? Book Your Free Expert šŸ‘‰ call Now!

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

    Practice Next
    More Financial Management Questions

    Relevant for Exams:

    ask-question