Question
Daily settlement and margin requirement is the feature
of which of the following types of derivative contracts?Solution
In case of Futures contract one is required to deposit funds with the broker, which is called as ‘margin’. The exchange usually sets the minimum margin required for different assets, but the broker can set higher margin limits for his clients which depend upon the credit-worthiness of the clients. The basic objective of the margin account is to act as collateral security in order to minimize the risk of failure by either party in the futures contract.
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Which section exempts certain persons from limitation, such as insane persons or those under legal guardianship?Â
Under Order 7, Rule 11 of the Code of Civil Procedure, 1908, if a plaint is rejected, the plaintiff:
An abettor is a person_____________
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The State Chief Information Commissioner and the State Information Commissioners shall be appointed by the Governor on the recommendation of a committee...
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