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      Question

      The natural gas derivatives to be launched in India will

      be based on which index?
      A WPI Correct Answer Incorrect Answer
      B CPI Correct Answer Incorrect Answer
      C GIXI Correct Answer Incorrect Answer
      D Nifty Energy Index Correct Answer Incorrect Answer
      E Brent Index Correct Answer Incorrect Answer

      Solution

      Explanation: Ā 
      The derivatives will be based on theĀ  GasĀ  IndeX Ā of India (GIXI) , developed by IGX. This is significant because it introducesĀ  domestic price benchmarking Ā instead of relying on global indices like Brent. It will improveĀ  price discovery, transparency, and risk management Ā in India’s gas market.

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