Business Studies · Securities Contracts (Regulation) Act, 1956
Under the Securities Contracts (Regulation) Act, 1956 (SCRA), a recognized stock exchange may establish an additional trading floor:
- 1Only within the main area of operation
- 2Outside its main area with SEBI's prior approval✓
- 3Without any approval if under 50 km from the main exchange
- 4Only for derivative contracts
Correct answer
Outside its main area with SEBI's prior approval
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