New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What reform did the Department of Economic Affairs bring

    to the Securities Contracts (Regulation) Rules, 1957?
    A Scrapping brokerage licenses Correct Answer Incorrect Answer
    B Enforcing minimum capital requirements Correct Answer Incorrect Answer
    C Amending Rule 8 to ease broker operations Correct Answer Incorrect Answer
    D Limiting stock exchange timings Correct Answer Incorrect Answer
    E Mandating quarterly audits for brokers Correct Answer Incorrect Answer

    Solution

    Rule 8 was amended to modernize and simplify compliance for brokers, aligning with the evolving financial landscape.

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