Price bands for scrips to prevent illegal money flow proposed

Q.  To prevent black money from being invested in shares, BSE has created what product for scrips on weekly, monthly, quarterly and yearly basis for early deduction of illegal money flows:
- Published on 11 Jul 16

a. Price bands
b. Cost bands
c. Price categories
d. Price phases

ANSWER: Price bands
 
India’s oldest stock exchange BSE has created numerous price bands for scrips on weekly, monthly, quarterly and annual basis for early dedication of illegal money flows.
  • In addition to daily price bands of 5,10 and 20 percent, weekly, monthly, quarterly and annual price bands have also been created
  • Price bands can help identify potential inflow of large moneys in penny stocks through unusual movement in scrip price

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