Bombay Stock Exchange became the first stock exchange in India to launch commodity derivatives contr...........

Static GK (CGL) Banking Awareness

Bombay Stock Exchange became the first stock exchange in India to launch commodity derivatives contract in gold and ______.

This questions was previously asked in

SSC CGL 18th August 2021 Shift-1

platinum

diamond

silver

equity

- The Bombay Stock Exchange (BSE) launched commodity derivatives contracts to offer investors a wider range of trading instruments.

- Commodity derivatives are financial contracts whose value is derived from that of underlying commodities like gold, silver, etc.

- Option 1: Platinum - This is a precious metal, but not relevant to BSE's initial launch alongside gold.

- Option 2: Diamond - A valuable gem, not typically traded in standard commodity derivatives.

- Option 3: Silver - A highly traded precious metal similar to gold, making it a logical pairing in commodity derivatives.

- Option 4: Equity - Not a commodity; equity refers to stocks and shares.

Correct Answer: Option 3: Silver

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