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

In India, which of the following is regulated by the Forward Markets Commission ? Correct Answer Commodities Futures Trading

The correct answer is Commodities Futures Trading.

Key Points

  • Forward Markets Commission 
    • Forward Markets Commission is a regulatory body established in 1953 under the Forward Contracts (Regulation) Act, 1952. 
    • The headquarters of the forwarding Markets Commission (FMC) is in Mumbai.
    • It is under the supervision of the Ministry of Consumer Affairs, Food and Public Distribution, Government of India and is overseen by the Finance Ministry of India.
    • Forward Markets Commission is the prime regulator of commodity futures markets in the country.

Additional Information

  • The beginning of the commodity futures market in India has been more than a century.
  • The first organized futures market was established in 1875 to trade in cotton contracts under the name of the Bombay Cotton Trade Association.
  • This was followed by the institutions for futures trading in oilseeds, grains, etc.
  • The futures market in India grew rapidly during the period of World War I and World War II.

Related Questions

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