New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which of the following Statements about MCX is/are

    True? I- MCX is an independent Indian government owned commodity exchange based in India. II- It is owned by the Ministry of Corporate Affairs. III- Aluminium, Copper, Lead, Nickel, Zinc can be traded in MCX.
    A Only I Correct Answer Incorrect Answer
    B Only II Correct Answer Incorrect Answer
    C I & III Correct Answer Incorrect Answer
    D II & III Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Multi Commodity Exchange of India Ltd (MCX) is an independent Indian government owned commodity exchange based in India. It is under the ownership of Ministry of Finance , Government of India. It was established in 2003 by the Government of India and is currently based in Mumbai . It is India's largest commodity derivatives exchange. Commodities traded include - Metal - Aluminium, Copper, Lead, Nickel, Zinc Bullion - Gold, Gold Mini, Gold Guinea, Gold Petal, Gold Petal ( New Delhi), Gold Global, Silver, Silver Mini, Silver Micro, Silver 1000. Agro Commodities - Cardamom, Cotton, Crude Palm Oil, Kapas, Mentha Oil, Castor seed, RBD Palmolien, Black Pepper. Energy - Crude Oil, Natural Gas.

    Practice Next