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    Question

    The RFQ platform is a system or interface for inviting and/or giving quotes on an electronic platform.What does ‘R’ stand for?

    A Receive Correct Answer Incorrect Answer
    B Request Correct Answer Incorrect Answer
    C Resolve Correct Answer Incorrect Answer
    D Repay Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The RFQ or Request for Quote platform is a system or interface for inviting and/or giving quotes on an electronic platform. The platform was introduced as a 'participant-based' model, wherein all regulated entities, listed corporate bodies, institutional investors and all Indian financial institutions were eligible to register, access and transact.

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