| 1. It is a trade between two stock exchanges wherein it is decided to purchase stocks of each other on a fixed price throughout the year |
| 2. It is an agreement between two parties to buy or sell an underlying asset in the future at a predetermined price |
| 3. It is an agreement between stock exchange that they will not trade in stocks of each other in future or for a predetermined period of time |
A) 1 only
B) 2 only
C) 3 only
D) All 1.2 and 3
Correct Answer: B
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