Current Affairs - Miscellaneous - Discussion
Discussion Forum : Miscellaneous - Latest Current Affairs (Q.No. 5219)
5219.
Which of the following has launched India's first commodity options in gold?
Answer: Option
Explanation:
The Multi-Commodity Exchange of India Ltd (MCX) has launched India's first commodity options in gold and gave stakeholders a new set of financial instruments to hedge their price risks. It is launched by Union Finance Minister Arun Jaitley in New Delhi on October 17, 2017. MCX has currently launched a Gold Option contract, with Gold (1 Kg) futures as the underlying asset, with expiry on November 28, 2017 and January 29, 2018.
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