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    Question

    Which of the following are part of Market Infrastructure institutions?

    A Stock Exchange and Depositories Correct Answer Incorrect Answer
    B Stock Exchange and Clearing Houses Correct Answer Incorrect Answer
    C Stock Exchange, Clearing House, and Depositories Correct Answer Incorrect Answer
    D Stock Exchange, Clearing House, Depositories and SEBI Correct Answer Incorrect Answer
    E Stock Exchange, Clearing House, Depositories, SEBI, and RBI Correct Answer Incorrect Answer

    Solution

    Stock exchanges, depositories, and clearinghouses are all Market Infrastructure Institutions. A panel set up under the chairmanship of former RBI Governor Bimal Jalan — to examine issues arising from the ownership and governance of MIIs — in its 2010 report said: The term ‘infrastructure’ would mean the basic, underlying framework or features of a system The term ‘market infrastructure’ denotes such fundamental facilities and systems serving this market.

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