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    Question

    Which of the following is correct about regulation of commodity derivates in India?

    i. Forward Market Commission is merged with SEBI for better regulation of commodity derivatives

    ii. Now SEBI will regulate the commodity exchanges under the provision of Forward Contact Regulation Act (FCRA)

    iii. Market players feel that commodity markets will now be better regulated, with more stringent processes under SEBI as it regulate both exchanges and brokers

    A Only i and ii Correct Answer Incorrect Answer
    B Only i and iii Correct Answer Incorrect Answer
    C Only ii and iii Correct Answer Incorrect Answer
    D Only iii Correct Answer Incorrect Answer
    E All the above Correct Answer Incorrect Answer

    Solution

    The Forward Contracts Regulation Act (FCRA) stands repealed, and the regulation of the commodity derivatives market shifts to Sebi under the Securities Contracts Regulation Act (SCRA), 1956.

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