Which of the following is NOT a major participant in the foreign exchange market?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → none of the above
The major participants in the foreign exchange market are commercial banks, foreign exchange brokers and other authorised dealers, and monetary authorities. So all three are major participants.
NCERT (2026-27): “6.2 The Foreign Exchange Market … The market in which national currencies are traded for one another is known as the foreign exchange market. The major participants in the foreign exchange market are commercial banks, foreign exchange brokers and other authorised dealers and monetary authorities. It is important to note that although participants themselves may have their own trading centres , the market itself is world-wide. …” |