When and why was badla banned in India? Do you agree with the view that the decision to ban badla…

When and why was badla banned in India? Do you agree with the view that the decision to ban badla was correct? Compare badla with futures and options in regard to (i) their hedging ability, and (ii) their ability to provide liquidity. Discuss the nature of options trading as practiced in India prior to their formal introduction.

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