CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the non-statutory body approved BSE to launch delivery-based futures contract in gold and silver?
A
NSE
B
RBI
C
SEBI
D
NITI Aayog
Explanation: 

Detailed explanation-1: -Delivery Month Futures contracts typically reference a calendar month for assessing a price reference or for effecting delivery. Gold, Silver, Platinum and Palladium delivery can be made on any business day during the contract month.

Detailed explanation-2: -What are silver futures? Silver futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of silver at a predetermined price on a future delivery date.

Detailed explanation-3: -Index contracts and interest rate (debt) contracts are two types of financial futures. Index contracts provide exposure to specific market index values, while interest rate contracts are used for exposure to the interest rate of a specific debt instrument.

There is 1 question to complete.