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      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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