Q. The commodity market in India is regulated by which of the following agencies?
Answer: Forward Market commission
Notes: The correct answer is the Forward Market Commission (FMC). The FMC was established in 1953 to regulate commodity futures markets in India. In 2015, it merged with the Securities and Exchange Board of India (SEBI), which now oversees both securities and commodity markets. This merger aimed to enhance regulatory efficiency and protect investor interests in the growing commodity market sector.