Finance · Financial Markets
Which of the following statements regarding Indian financial regulators is INCORRECT?
- 1RBI is the apex monetary institution in India.
- 2SEBI is the regulatory body for the securities market in India.
- 3FMC stood for Forward Markets Commission, which was merged with SEBI.
- 4The Indian financial system is regulated by ten major regulatory bodies.✓
Correct answer
The Indian financial system is regulated by ten major regulatory bodies.
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