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    Question

    Markets classified on the basis of nature of

    transactions
    A Special markets Correct Answer Incorrect Answer
    B Spot/cash markets Correct Answer Incorrect Answer
    C Forward markets Correct Answer Incorrect Answer
    D Both (B) and (C) Correct Answer Incorrect Answer

    Solution

    Markets can be classified based on the nature of the transaction into spot or cash markets, where the sale is completed immediately, and forward markets, where goods are sold for delivery at a date in the future.

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