During October 2016 which entity became the first commodity exchange to lose recognition of commodities from FMC in September 2015?
A. BSE
B. MCX
C. BCEL
D. ASE
Answer:C
During October 2016 which entity became the first commodity exchange to lose recognition of commodities from FMC in September 2015?
A. BSE B. MCX C. BCEL D. ASE
Explanation: The Securities and Exchange Board of India (SEBI) on 29 October 2016 allowed Bombay Commodity Exchange (BCEL) to exit the commodity futures business with immediate effect. It also asked the exchange to drop the term “Exchange”, from its name and avoid its use in any variant. Check Detail Explanation at "INDIA GK" App: tinyurl.com/IndiaGK