In the context of the Indian Financial System, the 'Forward Markets Commission' (FMC) was the regulator for which market before its merger with SEBI? MCQ with Answer and Explanation
In the context of the Indian Financial System, the 'Forward Markets Commission' (FMC) was the regulator for which market before its merger with SEBI?
A. Government Securities Market
B. Money Market
C. Commodity Derivatives Market
D. Foreign Exchange Market
Answer: Option C
Solution (By JKSSB Mock Tests)
The Forward Markets Commission (FMC) was the regulatory authority for the commodity derivatives market in India before it was merged with SEBI in 2015.
Explanation:
A joint venture is a temporary partnership formed for a specific venture or project, and it ceases to exist once the project is completed.
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