Question

In India, which of the following, is regulated by the Forward Markets Commission? 

(a) Currency Futures Trading 

(b) Commodities Futures Trading 

(c) Equity Futures Trading 

(d) Both Commodities Futures and Financial Futures Trading

Answer 1

(b) Forward Markets Commission (FMC) is the chief regulator of forwards and futures markets in India. As of March 2009, it regulates Rs 52 Trillion worth of commodity trade in India. It is headquartered in Mumbai and is overseen by the Ministry of Consumer Affairs, Government of India. The commission allows commodity trading in 22 exchanges India of which 6 are national. It was established in 1953.