|Consider the following statements about MCX-SX (MCX Stock Exchange):|
|1. Securities and Exchange Board of India (SEBI) in 2012, granted permission to MCX Stock Exchange (MCX-SX) to operate as full-fledged stock exchange|
|2. SEBI has not allowed the exchange to operate in segments other than currency derivatives.|
|3. MCX-SX would be able to offer additional asset classes such as equity and equity F and 0 (Futures and Options), interest rate futures and wholesale debt segments. Which of the statement(s) given above is/are correct?|
A) Only 1
B) Only 3
C) Both 2 and 3
D) All of these
Correct Answer: D
Solution :[d] MCX Stock Exchange Limited (MCX-SX) is recognised by Securities and Exchange Board of India (SEBI) under Section 4 of Securities Contracts (Regulation) Act, 1956. The Exchange was notified a "recognised stock exchange" under Section 2(39) of the Companies Act, 1956 by Ministry of Corporate Affairs, Govt. of India, on December 21, 2012. Shareholders of the Exchange include India's top public sector banks, private sector banks and domestic financial institutions who, together hold over 88% stake in the Exchange. MCX-SX is subjected to CAG Audit and has an independent professional management. SX40 is the flagship Index of MCX-SXAT. A free float based index of 40 large cap - liquid stocks representing diversified sectors of the economy. It is designed to be a performance benchmark and to provide for efficient investment and risk management instrument. It would also help in structuring passive investment vehicles.
You need to login to perform this action.
You will be redirected in 3 sec