Question

When was the Metropolitan Stock Exchange (MSE) announced as a "Recognized Stock Exchange" by the Government of India?

• A. December 21, 2010
• B. December 21, 2012
• C. December 21, 2015
• D. December 21, 2018

Answer 1

Answer:

B. December 21, 2012

Metropolitan Stock Exchange (MSE) 

• MSE is a Capital market company.
• It is situated in West Mumbai.
• It was acknowledged under Section 4 of the Securities Contracts (Regulation) Act of 1956 by the Securities and Exchange Board of India (SEBI).
• It was designated as a "Recognized Stock Exchange" by the Ministry of Corporate Affairs, Government of India, on December 21, 2012, under Section 2(39) of the Companies Act, 1956.

Functions:

• It provides a digital, open, and technological trading environment for the debt market, futures and options, currency derivatives, and capital markets.
• It also have preliminary approval by SEBI to implement its Small and Medium Enterprises (SME) trading platform.
• It started operating in the Currency Derivatives (CD) Segment on October 7, 2008, under the oversight of SEBI and the Reserve Bank of India (RBI).