Feb Global Market Quiz-2

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  • 1/30 Questions

    Which of the below mentioned commodities are traded in COMEX ?

    • Gold
    • Silver
    • Copper
    • All of the listed
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About This Quiz


This Assessment Module will help us to ensure, individual acquaintance and proficiency with regards to Current Market affairs.
So, attempt to your best.

Feb Global Market Quiz-2 - Quiz

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  • 2. 

    NYMEX is a part of CME group?

    • True

    • False

    Correct Answer
    A. True
    Explanation
    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.

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  • 3. 

    Are we providing recommendation in Natural Gas in COMEX market?

    • True

    • False

    Correct Answer
    A. False
    Explanation
    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.

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  • 4. 

    Asia's import of crude from West Africa are at record high as sanctions on Iran cut supplies from the Islamic Republic to China?

    • True

    • False

    Correct Answer
    A. True
    Explanation
    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.

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  • 5. 

    JK Tyre & Industries may acquire rubber plantations in Southeast Asia?

    • True

    • False

    Correct Answer
    A. True
    Explanation
    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.

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  • 6. 

    Which of the below mentioned firm is a part of TATA Group ?

    • Tata Chemicals

    • Tata Motors

    • Tata Power

    • All of the listed

    Correct Answer
    A. All of the listed
    Explanation
    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.

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  • 7. 

    What will be the average profit delivered to the client in first target in COMEX market?

    • Around 14,000/-

    • Around 20,000/-

    • Around 26,000/-

    • Around 31,000/-

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

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  • 8. 

    Profit or loss in COMEX market would be accountable to the client in which of the below mentioned cuurency?

    • Dollar

    • Euro

    • Pound

    • INR

    Correct Answer
    A. Dollar
    Explanation
    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.

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  • 9. 

    Client is very much interested in COMEX positional calls.If he buys our COMEX Pack. So what kind of recommendations he will receive?

    • Intra day

    • Positional Calls

    • Intra day & Positional both

    • None of the listed

    Correct Answer
    A. Intra day
    Explanation
    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.

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  • 10. 

    CME stock exchange is registered in which of the below mentioned country?

    • Germany

    • France

    • USA

    • England

    Correct Answer
    A. USA
    Explanation
    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.

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  • 11. 

    How many 2G telecom licences has been cancelled by The Supreme Court recently?

    • 123

    • 130

    • 122

    • 127

    Correct Answer
    A. 122
    Explanation
    The Supreme Court recently cancelled 122 2G telecom licenses.

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  • 12. 

    Full form of FTA is ______ ?

    • Free-Trade Agreement

    • Free Trade Association

    • Free Trade Asset

    • None of the Listed

    Correct Answer
    A. Free-Trade Agreement
    Explanation
    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.

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  • 13. 

    What is the minimum return in monthly pack of COMEX market?

    • 1,00,000/-

    • 1,25,000/-

    • 1,35,000/-

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

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  • 14. 

    What is the investment required for trading in COMEX as per our recommendations?

    • 4,00,000/-

    • 5,00,000/-

    • 80,00,000/-

    • 4,50,000/-

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

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  • 15. 

    What is the contact size of COMEX Gold ?

    • 10 troy ounces

    • 1 troy ounces

    • 100 troy ounces

    • 1000 troy ounces

    Correct Answer
    A. 100 troy ounces
    Explanation
    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.

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  • 16. 

    What is the symbol of CRUDE OIL (NYMEX) ?

    • CI

    • CA

    • CB

    • CL

    Correct Answer
    A. CL
    Explanation
    The symbol for CRUDE OIL (NYMEX) is CL.

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  • 17. 

    The Import duty on Gold has been changed to __?

    • 5%

    • 1%

    • 2%

    • 6%

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

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  • 18. 

    What is the average brokerage charged in NYMEX & COMEX market?

    • 30$

    • 50$

    • 20$

    • 10$

    Correct Answer
    A. 20$
    Explanation
    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.

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  • 19. 

    For which of the below mentioned oil company Govt may auction 5% stake of overall holding?

    • IOC

    • Gulf Oil India

    • ONGC

    • None of the listed

    Correct Answer
    A. ONGC
    Explanation
    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.

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  • 20. 

    Which of the below listed company is planning to expand its business in overseas?

    • Reliance Communication

    • Jubilant Foodworks

    • Vodafone

    • None of the listed

    Correct Answer
    A. Jubilant Foodworks
    Explanation
    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.

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  • 21. 

    For how many days in a week COMEX market trading takes place?

    • 3 days

    • 7 days

    • 6 days

    • 5 days

    Correct Answer
    A. 5 days
    Explanation
    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.

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  • 22. 

    What is the range of profit in $ in first target of Copper?

    • 1.0150 $

    • 0.0150 $

    • 0.2150 $

    • 0.5150 $

    Correct Answer
    A. 0.0150 $
    Explanation
    The range of profit in $ in the first target of Copper is 0.0150 $.

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  • 23. 

    Which of the below listed tyre making company will invest up to Rs 250 crore to set up its first manufacturing plant in Bangladesh within the next 30 months?.

    • Apollo Tyre

    • CEAT

    • JK Tyre

    • None of the listed

    Correct Answer
    A. CEAT
    Explanation
    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.

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  • 24. 

    What is the full form of NOP?

    • Net Overnight Open Positions

    • Net Overnight Positions

    Correct Answer
    A. Net Overnight Open Positions
    Explanation
    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.

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  • 25. 

    Which of the below listed telecom company will file a review petition in the Supreme Court against the recent order canceling three of its licenses.

    • Airtel

    • Idea

    • Tata Tele

    • Vodafone

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

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  • 26. 

    In MCX client is trading in 30 Kg of Silver per lot. What is the lot size of Comex Silver?

    • 500 Troy Ounce

    • 250 Troy Ounce

    • 5000 Troy Ounce

    • None of the listed

    Correct Answer
    A. 5000 Troy Ounce
    Explanation
    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.

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  • 27. 

    Which of the below mentioned Telecom Companies will be charged extra for Spectrum?

    • Airtel, Vodafone, Idea

    • Vodafone, Reliance , Airtel

    • Idea, Reliance, Vodafone

    • None of the listed

    Correct Answer
    A. Airtel, Vodafone, Idea
    Explanation
    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.

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  • 28. 

    Fortis Healthcare has bought 5.5% more stake in Vodafone India?

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Fortis Healthcare has not bought 5.5% more stake in Vodafone India.

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  • 29. 

    The full form of FCA is ___?

    • Foreign Currency Association

    • Foreign Currency Assets

    • Foreign Current Assets

    • None of the listed

    Correct Answer
    A. Foreign Currency Assets
    Explanation
    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.

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  • 30. 

    Treasury Bills are for short term up to 90 days?

    • True

    • False

    Correct Answer
    A. False
    Explanation
    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.

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Quiz Review Timeline (Updated): Jun 5, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Jun 05, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Feb 10, 2012
    Quiz Created by
    Vinod Mankare

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