2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who allows MCX to launch Gold Options recently?
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The International Bank for Reconstruction and Development
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The Multilateral Investment Guarantee Agency
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The International Finance Corporation
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Securities and Exchange Board of India’s (SEBI)
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Explanation:
Detailed explanation-1: -MCX, the country’s largest commodity exchange, has received market regulator Sebi’s approval to launch monthly options contract on Gold Kg.
Detailed explanation-2: -MCX offers options on commodity futures contracts traded on the exchange. These commodity options, on exercise, devolve into the underlying futures contracts. All such devolved futures positions open at the strike price of exercised options.
Detailed explanation-3: -Multi Commodity Exchange of India Ltd (MCX) (BSE: 534091) is a commodity exchange based in India. It is under the ownership of Ministry of Finance, Government of India.
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