The Reserve Bank of India issued guidelines for operating ETPs to transact in eligible instruments. ETPs stand for

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Electronic Ticket Platforms
B	Essential Trading Plus
C	Electronic Timely Platforms
D	Electronic Trading Platforms

Explanation:

Detailed explanation-1: -Electronic Trading Platform (ETP) means any electronic system or facility, other than a recognised stock exchange, that facilitates buying and selling of eligible instruments as defined in para 3(iii). ‘ETP Operator’ means the person authorised by the Reserve Bank to operate the ETP.

Detailed explanation-2: -The Reserve Bank of India (RBI), vide press release dated February 03, 2022, had cautioned the public not to undertake forex transactions on unauthorised electronic trading platforms (ETPs) or remit/deposit money for unauthorised forex transactions.

Detailed explanation-3: -All Scheduled Commercial Banks, Non-Banking Financial Companies (NBFCs), and Payment Banks are regulated by the Reserve Bank of India.

There is 1 question to complete.