The Fixed Income Money Market and Derivatives Association of India (FIMMDA), recognized by the Reserve Bank of India (RBI) as a Self-Regulatory Organization (SRO), is primarily associated with which sector?​

Correct option is B

FIMMDA is recognized by RBI as an SRO for financial markets it regulates. It represents financial institutions and works to improve supervision, governance, and compliance in the Indian financial markets sector, particularly focusing on fixed income, money market, and derivatives.

Knowledge Booster:

• Established in 1998, FIMMDA sets benchmark practices and contributes to the development of the debt and derivatives market.

• Other notable SROs include AMFI (mutual funds) and PFRDA (pensions).