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

Economic Affairs Financial Markets

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, 2 and 3

1 and 2 only

1 and 3 only

2 and 3 only

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Explanation:

Multi-Commodity Exchange which was set up in 2003 is India’s first listed commodity futures exchange. It facilitates risk management related to futures transactions in commodity segment. It operates within FCRA – Forward Contracts Regulation Act – of 1952 under SEBI. Hence, all the three statements are correct and answer is d.