Question

    What is required of every recognized stock exchange in

    terms of reporting to the Central Government as laid down under the SCRA?
    A Every recognized stock exchange must submit a quarterly financial statement to the Central Government Correct Answer Incorrect Answer
    B Every recognized stock exchange must furnish the Central Government with a copy of the annual report containing particulars as prescribed Correct Answer Incorrect Answer
    C Every recognized stock exchange must provide a detailed audit report of its operations to the Central Government Correct Answer Incorrect Answer
    D Every recognized stock exchange must send a monthly summary of trading activities to the Central Government Correct Answer Incorrect Answer
    E Every recognized stock exchange must file a bi-annual performance review with the Central Government Correct Answer Incorrect Answer

    Solution

    Section 7. Annual reports to be furnished to the Central Government by stock exchanges.—Every recognised stock exchange shall furnish the Central Government with a copy of the annual report, and such annual report shall contain such particulars as may be prescribed.

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