{"id":2855,"date":"2026-04-22T20:02:33","date_gmt":"2026-04-22T14:32:33","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=2855"},"modified":"2026-04-22T20:02:35","modified_gmt":"2026-04-22T14:32:35","slug":"consider-the-following-statements-14","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/prelims\/consider-the-following-statements-14","title":{"rendered":"Consider the following statements:\u00a0\u00a0"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">I. India accounts for a very large portion of all equity option contracts traded globally, thus exhibiting a great boom.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">II. India\u2019s stock market has grown rapidly in the recent past, even overtaking Hong Kong\u2019s at some point in time.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">III. There is&nbsp;<strong>no regulatory body<\/strong>&nbsp;either to warn the small investors about the risks of options trading or to act on unregistered financial advisors in this regard.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Which of the statements given above are correct?&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list mcq\">\n<li>I and Il only<strong>\u00a0<\/strong><\/li>\n\n\n\n<li>II and III only\u00a0<\/li>\n\n\n\n<li>I and III only\u00a0<\/li>\n\n\n\n<li>I, II and III\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer: (a) I and Il only<\/strong><\/p>\n<\/blockquote>\n\n\n\n<ul class=\"wp-block-list\">\n<li>As per\u00a0<strong>NSE data and BIS reports<\/strong>, India has become a major hub for\u00a0<strong>equity derivatives<\/strong>, especially options.In 2023, India accounted for a significant share of global equity option volumes \u2014\u00a0<strong>more than 80% of global equity index option trades<\/strong>\u00a0happened on Indian exchanges like NSE.<\/li>\n\n\n\n<li>In\u00a0<strong>January 2024<\/strong>, India\u2019s stock market\u00a0<strong>briefly overtook Hong Kong\u2019s<\/strong>\u00a0to become the\u00a0<strong>fourth largest<\/strong>\u00a0in the world in terms of market capitalization.<\/li>\n\n\n\n<li>The\u00a0<strong>Securities and Exchange Board of India (SEBI) is the statutory regulatory authority responsible for overseeing the securities market<\/strong>\u00a0in India.\n<ul class=\"wp-block-list\">\n<li>It plays a vital role in regulating stock market operations,\u00a0<strong>safeguarding investor interests,\u00a0<\/strong>taking action against unregistered financial advisors, and issuing guidelines related to derivatives trading.<\/li>\n\n\n\n<li>For instance,\u00a0<strong>SEBI has actively cracked down on unregistered financial advisors and regularly releases circulars to caution small investors<\/strong>\u00a0about the risks involved in trading<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I. India accounts for a very large portion of all equity option contracts traded globally, thus exhibiting a great boom.&nbsp;&nbsp; II. India\u2019s stock market has grown rapidly in the recent past, even overtaking Hong Kong\u2019s at some point in time.&nbsp; III. There is&nbsp;no regulatory body&nbsp;either to warn the small investors about the risks of options&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[3,1],"tags":[38],"years":[63],"class_list":["post-2855","post","type-post","status-publish","format-standard","hentry","category-prelims","category-upsc","tag-indian-economy","years-63"],"acf":[],"taxonomy_info":{"category":[{"value":3,"label":"Prelims"},{"value":1,"label":"UPSC"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":63,"label":"2025"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1},{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/2855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=2855"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/2855\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=2855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=2855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=2855"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=2855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}