In context with the financial markets which among the following is not allowed at present in India ........

Indian Economy (Easy) Financial System

In context with the financial markets , which among the following is not allowed at present in India?

currency futures

interest rate futures

credit default swaps (CDS)

None of the above

All of the above mentioned derivatives are allowed in India at present. Therefore option 4th is correct.

A Rupee Currency Futures is a contract where one side of the contract is the Indian rupee. These contracts are currently available on four INR pairs i.e., USDINR, EURINR, GBPINR and JPYINR.
An Interest Rate Future is an agreement to buy or sell a debt instrument at a future date for a price fixed today. The underlying security for IRFs is usually a government bond or a treasury bill. In India, National Stock Exchange and Bombay Stock Exchange offer trading in interest rate futures.
CDS is a specific kind of counter-party agreement which allows the transfer of third party credit risk from one party to another.Under the new norm, Category-I and Category-II AIFs can buy CDS on underlying investment in debt securities only for the purpose of hedging, while Category-III AIFs can purchase CDS for hedging or otherwise, within permissible leverage, the Securities and Exchange Board of India (Sebi) said in a circular.