Question

The Clearing Corporation of India Limited (CCIL) was set up to provide guaranteed clearing and settlement functions for-
(a) Derivative markets
(b) Foreign Exchange
(c) G-Secs
(d) transactions in Money
(e) All of the above

Answer 1

The answer to this question is all of the above.

The Clearing Corporation of India Ltd. (CCIL) was set up in April, 2001 to give ensured clearing and settlement capacities for exchanges in Money, G-Secs, Foreign Exchange and Derivative markets.  

The presentation of ensured clearing and settlement prompted noteworthy change in the market proficiency, transparency, liquidity and hazard administration/estimation practices in these market alongside included advantages like lessened settlement and operational hazard, investment funds on settlement costs, and so on.

Answer 2

Correct answer is option (e) All of the above.

Explanation:

In April 2001, the Clearing Corporation of India Ltd. (CCIL) was established for clearing and settlement operation of below financial items and provide a guarantee for it.

- Foreign Exchange

- Transactions in Money

- G-Secs

- Derivative markets

Benefits of above initiative are as follows:

- Low risk of operation and settlement

- Transparency and Efficiency of the market is increased.