Question

Spot Exchanges facilitate purchase and sale of:

1. Agricultural commodities

2. Metals

3. Bullion

Select the correct answer using the code given below.

1.  1 and 2 only
2.  2 and 3 only
3. 1 and 3 only
4. 1, 2 and 3

Answer 1

Correct Answer - Option 4 : 1, 2 and 3

The correct answer is 1, 2 and 3.

• In India, Spot Exchanges refer to electronic trading platforms which facilitate purchase and sale of specified commodities, including agricultural commodities, metals and bullion by providing spot delivery contracts in these commodities.
• This is an innovative Indian experiment in the trading of goods and is distinct from what is commonly known as ―commodity exchanges‖ which trade in futures contracts in commodities.
• There are four spot exchanges currently operating in the country. These exchanges are:
• The National Spot Exchange Ltd (NSEL), NCDEX Spot Exchange Limited, Reliance Spot Exchange Limited and Indian Bullion Spot Exchange limited.