Question
The ‘RAINMUMBAI’ weather derivatives contract is structured on which scientifically structured model?
Solution
The contracts are structured on a scientifically structured Cumulative Deviation Rainfall (CDR) model. It measures the deviation of actual rainfall from the Long Period Average (LPA) during the monsoon season (June-September). The benchmark was built using a 30 year rainfall dataset from 1991 to 2020.
More Beepedia Questions
- What is the currency of Uruguay?
- Who has been appointed as South Korea’s first civilian Defence Minister in over 60 years?
- Which electric two-wheelers making company plans to setup R&D centre at its plant at its electric vehicle ancillary cluster in Vadodara?
- Which GI-tagged product from Telangana received recognition in the year 2025?
- Who received the Tamil Nadu Government’s Scientist Award (TANSA) 2022 in Environmental Science?
- Which of the following schemes has NOT yet been integrated with the e-Shram portal?
- In the IIAS (International Institute for Administrative Sciences) presidential election of 2025, how many votes did India secure?
- Which individual was born on April 24, 1934, at Kannathankudi in Orathanadu taluk?
- What is India’s rank in Global Investment in Digital Shopping 2021 which has been published by London & Partners?
- Who won the men's title at the Fenesta National Tennis Championship in 2024?
Relevant for Exams:
