Question

What is the main function of Clearing Corporation of India Limited?

A Giving clearance to corporations wishing to fetch banking license Correct Answer Incorrect Answer
B Clearance of NEFT and RTGS transactions Correct Answer Incorrect Answer
C Clearance of Cheques Correct Answer Incorrect Answer
D clearing and settlement functions concerning transactions in G-Secs, money, derivative markets, and foreign exchange Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

The Clearing Corporation of India Ltd was established to render guaranteed clearing and settlement functions concerning transactions in G-Secs, money, derivative markets, and foreign exchange.

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