Multi Commodity Exchange (MCX)

Question 1

Which commodity is launched by the Govt under Futures trading in MCX for the 1st time ?

Answer 1

GOLD

Question 2

What is MCX ?

Answer 2

1) It is a platform for commodity traders that facilitate online trading , settlement and clearing of commodity future transactions
2) It was initially under regulation of Forward Market Committee (FMC)
3) After merger of FMC with SEBI , it is now under SEBI
4) Thus , it allows investors to enter into contracts to either buy or sell gold in the future at a predetermined price