Recently MCX or Multi Commodity Exchange has launched world rsquo s first brass futures contracts Wh...........

Economic Affairs Financial Institutions

Recently, MCX or Multi Commodity Exchange has launched world’s first brass futures contracts. Which of the following statements about MCX is/are correct?

1. MCX is India’s first listed commodity futures exchange.

2. MCX facilitates risk management related to commodity futures transactions.

3. MCX was launched in 2003 and operates within the ‘Forward Contracts Regulation Act, 1952 under SEBI.

Which of the above statements is/are correct?

1 and 2 only

1 and 3 only

2 and 3 only

1, 2 and 3

छोटे Courses बड़े Results

Master Financial Institutions

Prepare through Micro-courses

Try Now

Explanation:

.....Multi Commodity Exchange of India Ltd (MCX) (BSE: 534091) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai
From September 28, 2015, MCX is being regulated by the Securities and Exchange Board of India (SEBI). Earlier MCX was regulated by the Forward Markets Commission (FMC), which got merged with the SEBI on September 28, 2015.
MCX trading commonly known as Multi Commodity Exchange of India Limited is India's first listed commodity futures exchange that runs trading online as well as facilitate the commodity futures transactions, thereby assist in providing a base for risk management.