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Consider the following statements:
1. Market Infrastructure Institutions is the common name for Schedule Banks (MIIs).
2. In India, the stock exchange serves as a marketplace for trading financial instruments.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Consider the following statements:1. Market Infrastructure Institution...
- Stock exchanges, depositories and clearing corporations are collectively referred to as securities Market Infrastructure Institutions (MIIs).
- According to the Bimal Jalan Committee (2010), these institutions are systemically important for the country’s financial development and serve as the infrastructure necessary for the securities market.
-
The stock exchange in India serves as a market where financial instruments like stocks, bonds and commodities are traded.
Most Upvoted Answer
Consider the following statements:1. Market Infrastructure Institution...
Explanation:
1. Market Infrastructure Institutions (MIIs)
Market Infrastructure Institutions (MIIs) are financial institutions that provide the necessary infrastructure for the smooth functioning of financial markets. They include entities like stock exchanges, clearing corporations, and depositories. MIIs play a crucial role in ensuring transparency, efficiency, and safety in financial transactions.
2. Stock Exchange in India
In India, the stock exchange serves as a marketplace where various financial instruments such as shares, bonds, and derivatives are traded. The two major stock exchanges in India are the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). These exchanges facilitate the buying and selling of securities between investors and companies.
Therefore, the statement "In India, the stock exchange serves as a marketplace for trading financial instruments" is correct. However, the statement "Market Infrastructure Institutions is the common name for Schedule Banks" is incorrect. MIIs encompass a broader range of institutions that provide infrastructure for financial markets, while Schedule Banks refer specifically to banks that are listed in the Second Schedule of the Reserve Bank of India Act, 1934.
1. Market Infrastructure Institutions (MIIs)
Market Infrastructure Institutions (MIIs) are financial institutions that provide the necessary infrastructure for the smooth functioning of financial markets. They include entities like stock exchanges, clearing corporations, and depositories. MIIs play a crucial role in ensuring transparency, efficiency, and safety in financial transactions.
2. Stock Exchange in India
In India, the stock exchange serves as a marketplace where various financial instruments such as shares, bonds, and derivatives are traded. The two major stock exchanges in India are the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). These exchanges facilitate the buying and selling of securities between investors and companies.
Therefore, the statement "In India, the stock exchange serves as a marketplace for trading financial instruments" is correct. However, the statement "Market Infrastructure Institutions is the common name for Schedule Banks" is incorrect. MIIs encompass a broader range of institutions that provide infrastructure for financial markets, while Schedule Banks refer specifically to banks that are listed in the Second Schedule of the Reserve Bank of India Act, 1934.
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Consider the following statements:1. Market Infrastructure Institutions is the common name for Schedule Banks (MIIs).2. In India, the stock exchange serves as a marketplace for trading financial instruments.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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