SSC Economics Sample Paper NCERT Sample Paper-5

  • question_answer
    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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