SSC Economics Sample Paper NCERT Sample Paper-7

  • question_answer
    The Forwards market Commission (FMC), which regulates commodity trading, is under the

    A)  Ministry of agriculture

    B)  Ministry of finance

    C)  Ministry of corporate affairs

    D)  Ministry of consumer affairs.

    Correct Answer: B

    Solution :

    [b] Ministry of finance. Forward Markets Commission (FMC) headquartered at Mumbai, is a regulatory authority which is overseen by the Ministry of Finance, Govt. of India. It is a statutory body set up in 1953 under the Forward Contracts (Regulation) Act, 1952.

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