Which of the following statements are true regarding “Open Market Sale Scheme�

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Which of the following statements are true regarding “Open Market Sale Scheme”:

Options:

A . It is done by Securities and Exchange Board of India (SEBI) to sell shares

B . It is done by Reserve Bank of India to sell Govt. securities

C . It is done by Food Corporation of India to sell food grains

D . It is done by companies listed on stock exchange to issue shares

Answer: Option C
Answer: (c)Food Corporation of India sells surplus stocks of wheat and rice under Open Market Sale Scheme (Domestic) at pre-determined prices through e-auction in the open market from time to time to enhance the supply of food grains during the lean season and thereby moderate the open market prices specially in the deficit regions.

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