Q. With reference to “Dabba Trading” consider the following statements:
1.It is a type of formal trading option provided by the National Stock Exchange (NSE).
2.This type of trading is often associated with gambling.
Select the correct statements using the code given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B

Explanation –

Statement 1 is incorrect. Dabba (box) trading refers to informal trading that takes place outside the purview of the stock exchanges.

Statement 2 is correct. Dabba trading is a type of gambling. It isrecognized as an offence under Section 23(1) of the Securities Contracts (Regulation) Act (SCRA),1956.

Source: ForumIAS