FMC merger with SEBI- General Economics & Indian Economy

Q.  Consider the following statements related to Forward Markets Commission

1. FMC statutory body set up under Forward Contracts (Regulation) Act 1952.
2. It regulates the commodity market for Edible oilseeds, metals ,spices ,fiber, Gur, rubber, natural gas, crude oil etc.
3. Government proposed the merger of Forward Markets Commission (FMC) with stock market watchdog Securities and Exchange Board of India (Sebi).

Which of the above statements are true?
- Published on 10 Jun 15

a. 1,2
b. 2,3
c. 1,3
d. All

ANSWER: All

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