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What is India’s First Agri-commodity Options launched by Union Finance & Corporate Affairs Minister, Arun Jaitley on National Commodity and Derivatives Exchange Limited (NCDEX) platform?
  • a)
    Corn
  • b)
    Gold
  • c)
    Guar Seed
  • d)
    Mentha Oil
  • e)
    Crude Oil
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
What is India’s First Agri-commodity Options launched by Union F...
Union Finance & Corporate Affairs Minister, Arun Jaitley launched India’s First Agri-commodity Options in Guar Seed on National Commodity and Derivatives Exchange Limited (NCDEX) platform.The launching ceremony was held in New Delhi in presence of farmers & Farmer Producer Organizations (FPOs) from various States of India.Options contract offers the buyer the right, but not the obligation, to buy or sell a stock/commodity/asset at an agreed-upon price (referred to as strike price) during a certain period of time up to a specific date.Guar seed options, which have been uniquely designed by NCDEX and approved by the Securities and Exchange Board of India (SEBI), will prove to be a useful tool for farmers in hedging the price fluctuation risk.It is to be noted that Guar Seed is one of the most liquid futures contracts on the NCDEX platform. Informal options trading in this commodity is already taking place at several informal trading Centres and in some communities of Rajasthan.
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What is India’s First Agri-commodity Options launched by Union Finance & Corporate Affairs Minister, Arun Jaitley on National Commodity and Derivatives Exchange Limited (NCDEX) platform?a)Cornb)Goldc)Guar Seedd)Mentha Oile)Crude OilCorrect answer is option 'C'. Can you explain this answer?
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What is India’s First Agri-commodity Options launched by Union Finance & Corporate Affairs Minister, Arun Jaitley on National Commodity and Derivatives Exchange Limited (NCDEX) platform?a)Cornb)Goldc)Guar Seedd)Mentha Oile)Crude OilCorrect answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about What is India’s First Agri-commodity Options launched by Union Finance & Corporate Affairs Minister, Arun Jaitley on National Commodity and Derivatives Exchange Limited (NCDEX) platform?a)Cornb)Goldc)Guar Seedd)Mentha Oile)Crude OilCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is India’s First Agri-commodity Options launched by Union Finance & Corporate Affairs Minister, Arun Jaitley on National Commodity and Derivatives Exchange Limited (NCDEX) platform?a)Cornb)Goldc)Guar Seedd)Mentha Oile)Crude OilCorrect answer is option 'C'. Can you explain this answer?.
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