2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gold
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Silver
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Platinum
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Bronze
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Detailed explanation-1: -Largest commodity bourse Multi-Commodity Exchange of India Ltd (MCX) launched India’s first commodity options in gold. It was launched by Union Finance Minister Arun Jaitley.
Detailed explanation-2: -The Multi-Commodity Exchange of India Ltd (MCX) on Tuesday launched India’s first commodity options in gold, giving stakeholders a new set of financial instruments to hedge their price risks.
Detailed explanation-3: -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-4: -The two main commodity trading markets in India: Multi Commodity Exchange of India, MCX. National Commodities and Derivatives Exchange Limited, NCDEX.