Question
Which of the following is incorrect about FIMMDA (Fixed Income Money Market and Derivatives Association of India)?
Which of the following is incorrect about FIMMDA (Fixed Income Money Market and Derivatives Association of India)?
i. It is created under FIMMDA Act 1982 to interface with market regulators
ii. Its members include Public Sector Banks, Private Sector, Foreign Banks and Primary Dealers.
iii. FIMMDA also deals with legal and accounting norms, documentation and Valuation methodologies of the instruments
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