BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The National Commodity and Derivatives Exchange Limited (NCDEX) is located in which of the following cities?
A
Mumbai
B
Kolkata
C
Hyderabad
D
Jaipur
Explanation: 

Detailed explanation-1: -NCDEX headquarters are located in Mumbai and offers facilities to its members from the centres located throughout India.

Detailed explanation-2: -NCDEX was incorporated on April 23, 2003 as a public limited company and commenced operations on December 15, 2003 as a recognised association under The Forward Contracts (Regulation) Act, 1952.

Detailed explanation-3: -National Commodity & Derivatives Exchange Limited (NCDEX) is a nation-level, technology driven on-line recognised stock exchange with an independent Board of Directors and professional management.

Detailed explanation-4: -Some of the commodity exchanges in India includes-National Spot Exchange Limited (NSEL), Indian Commodity Exchange Limited (ICEX), Multi Commodity Exchange (MCX), National Commodity and Derivatives Exchange Limited (NCDEX), National Multi-Commodity Exchange of India Ltd (NMCE)

Detailed explanation-5: -Examples of Commodities on the NCDEX Barley, wheat, and soybeans are some of the leading agricultural commodities traded on the NCDEX. The exchange also hosts some contracts that are global benchmarks for commodities like coriander, as well as commodities such as steel, cotton, palm oil, and guar.

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