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UPSC 2010: 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
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Not attemptedCorrect Answer: (b) Commodities Futures Trading
Before its 2015 merger with SEBI, the Forward Markets Commission (FMC) was the statutory regulator for commodity futures/forward contracts; equity and currency derivatives were regulated by SEBI and RBI respectively, so only commodities futures trading fell under the FMC’s purview. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Forward_Markets_Commission?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2010 Indian Economy question?▼
The correct answer is option (b): Commodities Futures Trading. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Financial Markets & Capital Markets question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2010, GS Paper 1, as Question 135. It falls under Indian Economy > Financial Markets & Capital Markets.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Financial Markets & Capital Markets?▼
UPSC has asked 39 questions from Financial Markets & Capital Markets (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.