Commodity Market Solved MCQs

1.

A ______market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar.

A. commodity
B. cash
C. share
D. banking
Answer» A. commodity
2.

Traditionally ____________ has been the largest producers of gold in the world.

A. europe
B. south america
C. south asia
D. south africa
Answer» D. south africa
3.

Commodities, which are to be received by a clearing member, are delivered to him in the depository clearing system in respect of depository deals on the respective __________ day as per instructions of the exchange/ clearing house.

A. expiration
B. pay-in
C. settlement
D. pay-out
Answer» D. pay-out
4.

By using the currency forward market to sell dollars forward, an _________ can lock on to a rate today and reduce his uncertainty.

A. arbitrager
B. speculator
C. importer
D. exporter
Answer» D. exporter
5.

All the exchanges, which deal with forward contracts, are required to obtain certificate of registration from the _______________.

A. commodity board of trading
B. commodity exchanges
C. forward markets commission fm
D. government of india
Answer» C. forward markets commission fm
6.

This option to give delivery is given during a period identified as _______________________.

A. delivery notice period
B. settlement period
C. delivery period
D. option notice period
Answer» C. delivery period
7.

The first use of derivatives contract was ________________.

A. to manage price uncertainty
B. for speculation
C. for arbitrage
D. speculation
Answer» A. to manage price uncertainty
8.

A futures contract is nothing but a forward contract that is __________.

A. sold by mutual funds
B. sold by banks
C. traded across the counter
D. exchange traded
Answer» D. exchange traded
9.

In matters where the exchange is a party to the dispute, the civil courts at __________have exclusive jurisdiction.

A. delhi
B. mumbai
C. bengal
D. bangolre
Answer» B. mumbai
10.

 Final settlement happens on the ____________.

A. ]last trading day of the month
B. last trading day of the week
C. last trading day of the futures contract
D. after selling the shares
Answer» C. last trading day of the futures contract
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