gs1medium

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

  1. A.Currency Futures Trading
  2. B.Commodities Futures Trading
  3. C.Equity Futures Trading
  4. D.Both Commodities Futures and Financial Futures Trading
▶ Answer & Explanation

Correct answer: B. Commodities Futures Trading

The Forward Markets Commission (FMC) was the primary regulator for commodity futures markets in India. It was established to regulate forward trading in various commodities. The FMC merged with the Securities and Exchange Board of India (SEBI) in 2015, with SEBI subsequently taking over the regulation of commodity derivatives.

Source: UPSC gs1 2010

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