Consider the following statements:I.India accounts for a very large portion of all equity option contracts traded globally thus exhibiting a great boom.II.India's stock market has grown rapidly in the recent past even overtaking Hong Kong's at some point of time.III.There is no regulatory body either to warn the small investors about the risks of options trading or to act on unregistered financial advisors in this regard.Which of the statements given above are correct?

1. A

   I and II only

   I and II only. India is a giant in global equity-option volume, and Indian market cap overtook Hong Kong at one point. III fails: SEBI exists and has acted on unregistered advisors and F&O risk.

2. B

   II and III only

   II and III only. III is false.

3. C

   I and III only

   I and III only. That keeps the ‘no regulator’ line.

4. D

   I, II and III

   All three. III is the planted error.

Summary. Official Set A key is (a) I and II only. Indian exchanges have accounted for a very large share of global equity-option contracts (I). Listed Indian market value overtook Hong Kong’s in 2024 (II). III is false: SEBI is the regulator; it warns on derivatives and acts against unregistered investment advisors. So I and II, not I and III.