Question

Currency futures are regulated by?

A FMC Correct Answer Incorrect Answer
B RBI Correct Answer Incorrect Answer
C SEBI Correct Answer Incorrect Answer
D RBI and SEBI jointly Correct Answer Incorrect Answer
E SEBI and FMC jointly Correct Answer Incorrect Answer

Solution

A currency future, also known as FX future, is a futures contract to exchange one currency for another at a specified date in the future at a price (exchange rate) that is fixed on the purchase date. RBI in association with SEBI regulates Currency Futures.

Practice Next

Relevant for Exams:

×
×