FMC is merged with SEBI

Q.  Which of the following statements is/are correct?

1. FMC is overseen by the Ministry of Consumer Affairs, Food and Public Distribution.
2. FMC is merged with SEBI on 28th September 2015.
- Published on 30 Sep 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Only 2
 
- The Forward Markets Commission (FMC) is the chief regulator of commodity future markets in India.
- It is headquartered in Mumbai and this financial regulatory agency is overseen by the Ministry of Finance.
- In September 2013, the commission responsibility was moved to the Ministry of Finance to reflect that futures trading was becoming more and more a financial activity

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲