Question
Forward Market Commission (FMC), which is now merged
with SEBI, was mainly responsible to?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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