2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Indian Commodity Exchange (ICEX)
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New York Stock Exchange
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Japan Exchange Group
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London Stock Exchange
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Detailed explanation-1: -The Anil Ambani Group-anchored Indian Commodity Exchange (ICEX) on Monday became the world’s first derivatives exchange to launch diamond futures contract.
Detailed explanation-2: -The Indian Commodity Exchange (ICEX) launched the world’s first diamond futures contracts on Monday to provide exporters with a hedging tool. India is a global diamond polishing hub where 14 out of every 15 rough diamonds in the world are polished.
Detailed explanation-3: -The first organised futures market was established in 1875 by the Bombay Cotton Trade Association to trade in cotton contracts.
Detailed explanation-4: -The Futures Diamond is a practical framework including 44 methods commonly used in strategic foresight and decision-making. It updates the Foresight Diamond developed by Popper in The Handbook of Technology Foresight (Georghiou et al., 2008).
Detailed explanation-5: -The National Stock Exchange of India cemented its place as the largest derivatives exchange in the world in 2021.