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With reference to Multi Commodity Exchange Ltd, consider the following statements: 1. It is the country’s largest metals and energy commodity bourse. 2. It offers futures trading in bullion, ferrous and non-ferrous metals, energy, and agricultural commodities. 3. Globally, MCX ranks first in crude oil, second in natural gas, third in and gold and silver in futures trading. Which of the above statements is/are correct? 

With reference to Multi Commodity Exchange Ltd, consider the following statements: 1. It is the country’s largest metals and energy commodity bourse. 2. It offers futures trading in bullion, ferrous and non-ferrous metals, energy, and agricultural commodities. 3. Globally, MCX ranks first in crude oil, second in natural gas, third in and gold and silver in futures trading. Which of the above statements is/are correct?  Correct Answer 1 and 2 only

The correct answer is 1 and 2 only.

Key Points

  • The MCX is the country’s largest metals and energy commodity bourse. It is country’s first listed commodity futures exchange that facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management.
  • It began functioning in November 2003 and operates within the regulatory framework of the Forward Contracts Regulation Act, 1952 (FCRA, 1952).
  • It offers futures trading in bullion, ferrous and non-ferrous metals, energy, and a number of agricultural commodities (mentha oil, cardamom, potatoes, palm oil and others).
  • Globally, MCX ranks no. 1 in silver, no. 2 in natural gas, no. 3 in crude oil and gold in futures trading. Hence, statement 3 is incorrect

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