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

    Question

    Forward Market Commission (FMC), which is now merged

    with SEBI, was mainly responsible to?
    A Enforce Competition Act, 2002 to prevent activities that have an adverse effect on competition in India Correct Answer Incorrect Answer
    B Regulate mutual funds market Correct Answer Incorrect Answer
    C Create and nurture conditions for growth of digital markets in India Correct Answer Incorrect Answer
    D Regulate commodity futures markets in India Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    FMC is now merged with SEBIThe Forward Markets Commission (FMC) was the chief regulator of commodity futures markets in India. It was headquartered in Mumbai and this financial regulatory agency was overseen by the Ministry of Finance. The Commission allowed commodity trading in 22 exchanges in India, of which 6 are national. FMC is now merged with SEBI

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