Question

    The National Stock Exchange has decided to withdraw the

    6 percent hike in transaction charges in the cash equities market and equity derivatives segments from ______.
    A June 30,2023 Correct Answer Incorrect Answer
    B May,15 2023 Correct Answer Incorrect Answer
    C April,1,2023 Correct Answer Incorrect Answer
    D March 31,2023 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      The National Stock Exchange has decided to withdraw the 6 percent hike in transaction charges in the cash equities market and equity derivatives segments from April 1. The higher charges were introduced from January 1, 2021, to partly augment NSE Investor Protection Fund Trust (NSE IPFT) corpus in view of certain market emergencies due to broker defaults at that point in time.   With the objective to systematically augment the corpus of NSE IPFT, the exchange would also modify the contribution to NSE IPFT from Rs 0.01 per crore to Rs 10 per crore in the cash equities market and equity futures segments and Rs 0.01 per crore to Rs 50 per crore in equity options segment.

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