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      Question

      The RBI recognised which organisation as a

      Self-Regulatory Organisation (SRO) for Authorised Dealers in the foreign exchange market? 
      A FIMMDA Correct Answer Incorrect Answer
      B FEDAI Correct Answer Incorrect Answer
      C AMFI Correct Answer Incorrect Answer
      D IBA Correct Answer Incorrect Answer
      E NSE Correct Answer Incorrect Answer

      Solution

      The Foreign Exchange Dealers’ Association of India (FEDAI) has been recognised by the RBI as a Self-Regulatory Organisation (SRO) for all Authorised Dealers in the foreign exchange market. FEDAI has been given one year to align with RBI’s Omnibus SRO framework. 

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