CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Two exchanges at International Financial Services Centre in Gift City, India INX and NSE IFSC, launch trading in rupee-USD derivative contracts. Gift city is in which state?

A	Maharashtra
B	Gujarat
C	UP
D	MP

Explanation:

Detailed explanation-1: -The India International Exchange Limited (India INX) is India’s first international stock exchange which is under the ownership of Ministry of Finance, Government of India. It is located at the International Financial Services Centre, GIFT City in Gujarat.

Detailed explanation-2: -BSE, Asia’s oldest stock exchange has established the country’s first International Exchange “India International Exchange (India INX)”at the international financial services center (IFSC) GIFT city.

Detailed explanation-3: -There are two types of derivatives instruments traded on NSE; namely Futures and Options : Futures : A futures contract is an agreement between two parties to buy or sell an asset at a certain time in the future at a certain price. All the futures contracts are settled in cash at NSE.

Detailed explanation-4: -Underlying Instrument Futures contracts are available on 191 securities stipulated by the Securities & Exchange Board of India (SEBI).

There is 1 question to complete.