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Question
______ is a company which was set up in 1990 under the Companies Act,1956 but later was recognised as a stock exchange under the Securities Contracts Regulation Act, 1956
Options
Regional Stock Exchange
National Stock Exchange
Over the Counter Exchange of India
OTCEI
Solution
OTCEI
Explanation -
Over the Counter Exchange of India (OTCEI): The OTCEI was founded in 1990 under the Companies Act of 1956, but was later recognised as a stock exchange under the Securities Contracts Regulation Act of 1956. It first started trading in 1992 and is modelled after the NASDAQ OTC exchange in the United States. Its goal is to make the financial market more accessible to small businesses. OTCEI is a screen-based nationwide trading system that allows buyers and sellers to meet and agree appropriate conditions of trade.
