BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the statements given below is/are incorrect?
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Only 1 and 2
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Only 2 and 3
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Only 1 and 3
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Only 3
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Explanation:
Detailed explanation-1: -Currency Derivatives segment of NSE provides trading in derivative instruments like Currency Futures on 4 currency pairs, Cross Currency Futures & Options on 3 currency pairs and Interest Rate Futures on 10 Y GS and 91D T-Bill.
Detailed explanation-2: -Currency Derivatives are exchange-traded contracts deriving their value from their underlying asset, i.e., the currency. The investor buys or sells specific units of fixed currency on a pre-specified date and rate.
There is 1 question to complete.