|The unique features of National level commodity exchanges include:|
|1. They are demutualized.|
|2. They provide online platforms or screen based trading.|
|3. They allow trading in a number of commodities and hence multi-commodity exchanges.|
A) Only 1 and 3
B) Only 2 and 3
C) Only 1 and 2
D) All 1, 2 and 3
Correct Answer: D
Solution :[d] There are 24 commodity exchanges in India. There are three national level commodity exchanges to exchange all allowed commodities. They are: Multi Commodity Exchange of India Ltd, Mumbai (MCX), National Commodity and Derivative Exchange, Mumbai (NCDEX) and National Multi Commodity Exchange of India Ltd, Ahmadabad (NMCE). MCX retained a major market share of over 85 per cent in the commodity futures market, followed by NCDEX and NMCE.
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