Feb Global Market Quiz-2

All of the listed commodities, including gold, silver, and copper, are traded in COMEX. COMEX, also known as the Commodity Exchange, is a division of the New York Mercantile Exchange (NYMEX) and is one of the world's largest and most diverse derivatives exchanges. It primarily focuses on the trading of metals futures and options contracts, including gold, silver, and copper. Therefore, the correct answer is that all of the listed commodities are traded in COMEX.

NYMEX, also known as the New York Mercantile Exchange, is indeed a part of the CME Group. The CME Group is a global markets company that operates various exchanges, including NYMEX, as well as the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), and the Commodity Exchange (COMEX). Together, these exchanges provide a wide range of trading options for commodities, futures, options, and other financial instruments. Therefore, the statement "NYMEX is a part of CME group" is true.

The question is asking whether we are providing recommendations in Natural Gas in the COMEX market. The answer is False, indicating that we do not provide recommendations in Natural Gas in the COMEX market.

The statement is true because the sanctions on Iran have resulted in a decrease in crude oil supplies from the Islamic Republic to China. As a result, Asia has turned to West Africa to meet its crude oil import needs, leading to record-high imports from the region. This shift in imports is a direct consequence of the sanctions and their impact on the global oil market.

JK Tyre & Industries may acquire rubber plantations in Southeast Asia because rubber is a key raw material in the tire manufacturing industry. Acquiring rubber plantations in Southeast Asia, which is a major hub for rubber production, would ensure a steady supply of raw material for JK Tyre & Industries. This move would also help the company reduce its dependence on external suppliers and potentially lower production costs. Additionally, owning rubber plantations would provide the company with better control over the quality and availability of rubber, thus enhancing its competitiveness in the market.

All of the listed options, Tata Chemicals, Tata Motors, and Tata Power, are part of the TATA Group. The TATA Group is a multinational conglomerate based in India, and it includes various companies operating in different industries such as chemicals, automotive, and power. Therefore, all the mentioned firms are subsidiaries or divisions of the TATA Group.

The average profit delivered to the client in the first target in the COMEX market is estimated to be around 20,000/-.

The profit or loss in the COMEX market would be accountable to the client in dollars. This is because the COMEX market is a commodities exchange where various commodities, including gold, silver, and copper, are traded. The prices of these commodities are quoted in dollars, and therefore any profit or loss resulting from trading in this market would be calculated and accounted for in dollars.

If the client buys the COMEX Pack, he will receive intra day recommendations. This means that he will receive recommendations for buying and selling commodities within the same trading day.

CME stock exchange is registered in the USA. This means that the stock exchange is legally recognized and regulated by the authorities in the United States. As a result, it must comply with the rules and regulations set forth by the U.S. government and financial institutions. This registration provides a level of transparency and accountability for investors and helps to maintain the integrity of the stock exchange.

The Supreme Court recently cancelled 122 2G telecom licenses.

FTA stands for Free-Trade Agreement. A Free-Trade Agreement is a treaty between two or more countries that establishes a framework for reducing or eliminating trade barriers, such as tariffs and quotas, between the participating countries. It aims to promote free and fair trade by facilitating the exchange of goods and services without unnecessary restrictions. The other options, Free Trade Association and Free Trade Asset, do not accurately represent the full form of FTA. Therefore, the correct answer is Free-Trade Agreement.

The minimum return in the monthly pack of the COMEX market is 1,25,000/-.

The investment required for trading in COMEX as per the recommendations is 4,00,000/-.

The contact size of COMEX Gold is 100 troy ounces. This means that each contract traded on the COMEX exchange represents 100 troy ounces of gold.

The symbol for CRUDE OIL (NYMEX) is CL.

The correct answer is 2%. This suggests that the import duty on gold has been changed to 2%.

The average brokerage charged in the NYMEX & COMEX market is $20. This means that on average, traders and investors in these markets are charged a fee of $20 for each transaction they make.

The government may auction 5% stake of overall holding in ONGC. This means that the government is planning to sell a portion of its ownership in ONGC, which is an oil company. By auctioning the stake, the government aims to generate revenue and potentially attract new investors. This move suggests that the government is looking to divest a small portion of its shares in ONGC to reduce its ownership and raise funds for other purposes.

Jubilant Foodworks is planning to expand its business overseas. This implies that the company is looking to establish its presence in international markets. Reliance Communication and Vodafone are not mentioned as having plans for overseas expansion. Therefore, the correct answer is Jubilant Foodworks.

The COMEX market trading takes place for 5 days in a week. This is because the COMEX market is a division of the New York Mercantile Exchange (NYMEX), which operates from Monday to Friday. Therefore, trading in the COMEX market occurs from Monday to Friday, making it a 5-day trading week.

The range of profit in $ in the first target of Copper is 0.0150 $.

CEAT is the correct answer because it is the only company listed that plans to invest up to Rs 250 crore to set up its first manufacturing plant in Bangladesh within the next 30 months. Apollo Tyre and JK Tyre are not mentioned as having plans for such an investment, and "None of the listed" is not a specific company.

NOP stands for Net Overnight Open Positions. This term is commonly used in the financial industry to refer to the net position of a trader or institution in a particular financial instrument or market at the end of a trading day. It represents the difference between the long and short positions held by the trader or institution overnight, which helps in assessing their risk exposure and potential for profit or loss.

Tata Tele will file a review petition in the Supreme Court against the recent order canceling three of its licenses.

The lot size of Comex Silver is 5000 Troy Ounce. This means that in Comex, clients trade in 5000 Troy Ounces of Silver per lot.

Airtel, Vodafone, and Idea will be charged extra for Spectrum. This implies that these telecom companies will have to pay an additional fee for the use of the radio frequencies allocated to them for providing their services. The other options mentioned do not include Airtel, Vodafone, and Idea, so they will not be charged extra for Spectrum.

Fortis Healthcare has not bought 5.5% more stake in Vodafone India.

FCA stands for Foreign Currency Assets. This term refers to the reserves held by a country's central bank in foreign currencies, such as the US dollar or the euro. These assets are typically used to stabilize the country's currency exchange rate, intervene in foreign exchange markets, or meet international payment obligations. The other options listed in the question, Foreign Currency Association and Foreign Current Assets, are not accurate definitions of FCA.

Treasury Bills are actually short-term debt instruments issued by the government with a maturity period ranging from a few days to one year. While it is true that they are short-term, they can have a maturity period longer than 90 days. Therefore, the statement that Treasury Bills are for short term up to 90 days is false.