Multiple Choice Questions on Futures 39 are ........ for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Futures 39 are ........

Economic Affairs Financial Markets
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    Futures' are

    securities or commodities sold or bought with the assumption of delivery at a later stage

    Correct Answer

    shares and debentures bought at a cheaper rate and sold later at high rate

    Incorrect Answer

    transactions relating to hawala deals

    Incorrect Answer

    none of the these

    Incorrect Answer
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    Explanation:
    1st option is correct. 
    Futures are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset, such as a physical commodity or a financial instrument, at a predetermined future date and price.
    Or Futures' are securities or commodities sold or bought with the assumption of delivery at a later stage.

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