UPSC Exam  >  UPSC Questions  >  With reference to the market infrastructure i... Start Learning for Free
With reference to the market infrastructure institution, consider the following statements:
1. Markets regulator SEBI (Securities and Exchange Board of India) in its order noted that the NSE was a systemically important market infrastructure institution (MII).
2. Stock exchanges, depositories and clearing houses are all Market Infrastructure Institutions and constitute a key part of the nation's vital economic infrastructure.
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 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the market infrastructure institution, consider the ...
The National Stock Exchange (NSE), the country's largest equities and derivatives exchange, was earlier this month fined for laxity in governance pertaining to actions taken during the tenure of its former MD and CEO Chitra Ramkrishna.
  • Markets regulator SEBI (Securities and Exchange Board of India) in its order noted that the NSE was a systemically important market infrastructure institution (MII).
  • A panel set up under the chairmanship of former RBI Governor Bimal Jalan — to examine issues in MIIs — in its 2010 report said: “The term ‘market infrastructure’ denotes such fundamental facilities and systems serving this market.
  • Stock exchanges, depositories and clearing houses are all Market Infrastructure Institutions and constitute a key part of the nation's vital economic infrastructure.
What are the specific institutions in India that qualify as MIIs?
  • Among stock exchanges, the SEBI lists seven, including the BSE, the NSE, the Multi Commodity Exchange of India and the Metropolitan Stock Exchange of India.
  • There are two depositories — charged with the safekeeping of securities and enabling their trading and transfer — that are tagged MIIs: the Central Depository Services Ltd. and the National Securities Depository Ltd.
  • The regulator also lists seven clearing houses including the Multi Commodity Exchange Clearing Corporation. Clearing houses, for their part, help validate and finalise securities trades and ensure that both buyers and sellers honour their obligations.
Hence both statements are correct.
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

With reference to the market infrastructure institution, consider the following statements:1. Markets regulator SEBI (Securities and Exchange Board of India) in its order noted that the NSE was a systemically important market infrastructure institution (MII).2. Stock exchanges, depositories and clearing houses are all Market Infrastructure Institutions and constitute a key part of the nations vital economic infrastructure.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 'C'. Can you explain this answer?
Question Description
With reference to the market infrastructure institution, consider the following statements:1. Markets regulator SEBI (Securities and Exchange Board of India) in its order noted that the NSE was a systemically important market infrastructure institution (MII).2. Stock exchanges, depositories and clearing houses are all Market Infrastructure Institutions and constitute a key part of the nations vital economic infrastructure.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 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the market infrastructure institution, consider the following statements:1. Markets regulator SEBI (Securities and Exchange Board of India) in its order noted that the NSE was a systemically important market infrastructure institution (MII).2. Stock exchanges, depositories and clearing houses are all Market Infrastructure Institutions and constitute a key part of the nations vital economic infrastructure.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 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the market infrastructure institution, consider the following statements:1. Markets regulator SEBI (Securities and Exchange Board of India) in its order noted that the NSE was a systemically important market infrastructure institution (MII).2. Stock exchanges, depositories and clearing houses are all Market Infrastructure Institutions and constitute a key part of the nations vital economic infrastructure.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 'C'. Can you explain this answer?.
Solutions for With reference to the market infrastructure institution, consider the following statements:1. Markets regulator SEBI (Securities and Exchange Board of India) in its order noted that the NSE was a systemically important market infrastructure institution (MII).2. Stock exchanges, depositories and clearing houses are all Market Infrastructure Institutions and constitute a key part of the nations vital economic infrastructure.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 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of With reference to the market infrastructure institution, consider the following statements:1. Markets regulator SEBI (Securities and Exchange Board of India) in its order noted that the NSE was a systemically important market infrastructure institution (MII).2. Stock exchanges, depositories and clearing houses are all Market Infrastructure Institutions and constitute a key part of the nations vital economic infrastructure.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 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of With reference to the market infrastructure institution, consider the following statements:1. Markets regulator SEBI (Securities and Exchange Board of India) in its order noted that the NSE was a systemically important market infrastructure institution (MII).2. Stock exchanges, depositories and clearing houses are all Market Infrastructure Institutions and constitute a key part of the nations vital economic infrastructure.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 'C'. Can you explain this answer?, a detailed solution for With reference to the market infrastructure institution, consider the following statements:1. Markets regulator SEBI (Securities and Exchange Board of India) in its order noted that the NSE was a systemically important market infrastructure institution (MII).2. Stock exchanges, depositories and clearing houses are all Market Infrastructure Institutions and constitute a key part of the nations vital economic infrastructure.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 'C'. Can you explain this answer? has been provided alongside types of With reference to the market infrastructure institution, consider the following statements:1. Markets regulator SEBI (Securities and Exchange Board of India) in its order noted that the NSE was a systemically important market infrastructure institution (MII).2. Stock exchanges, depositories and clearing houses are all Market Infrastructure Institutions and constitute a key part of the nations vital economic infrastructure.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 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice With reference to the market infrastructure institution, consider the following statements:1. Markets regulator SEBI (Securities and Exchange Board of India) in its order noted that the NSE was a systemically important market infrastructure institution (MII).2. Stock exchanges, depositories and clearing houses are all Market Infrastructure Institutions and constitute a key part of the nations vital economic infrastructure.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 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev