Jan Quiz - 3

Higher gold imports to a country would increase the current account deficit because gold is considered a non-productive asset. When a country imports gold, it is essentially importing a form of wealth that does not contribute to the production of goods and services. This increases the country's import expenditure and widens the trade deficit, which in turn leads to an increase in the current account deficit.

All kind of clients can trade in the USD/EUR pair in India. This means that not only FIIs or brokers, but any individual or entity in India can participate in trading this currency pair.

FMC in commodity market stands for Forward Market Commission. This regulatory body oversees and regulates the forward and futures contracts in the commodity market. It ensures fair practices, transparency, and efficient functioning of the market.

Oil bonds are issued to Oil Marketing Companies by the Government of India. This is done to provide financial support to the oil marketing companies and to manage the subsidy burden on them. These bonds are a form of debt instrument issued by the government to compensate the oil marketing companies for selling certain petroleum products at subsidized rates. By issuing these bonds, the government ensures that the oil marketing companies are able to cover their costs and maintain stability in the oil market.

The Dow Jones Industrial Average Index consists of 30 large, publicly traded companies in the United States. Therefore, the correct answer is 30.

The Seoul Composite is the benchmark index of South Korea. This means that it represents the overall performance of the stock market in South Korea. The index includes a selection of major companies listed on the Korean stock exchange and is used as a reference point to track the performance of the South Korean economy and stock market.

All clients can trade in USDINR Options in India. This means that both HNI (High Net Worth Individuals) traders and retail traders are allowed to trade in USDINR Options. There are no restrictions on who can participate in trading these options.

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A crude oil barrel has approximately 159 liters.

Brent is a type of crude oil. Crude oil is a naturally occurring, unrefined petroleum product that is used to produce various fuels and other products. Brent crude oil is a specific type of crude oil that is extracted from the North Sea and is widely used as a benchmark for pricing other types of crude oil around the world. Therefore, the correct answer is crude oil.

The correct answer is Swiss Franc. Switzerland's official currency is the Swiss Franc. It is widely used in the country for both cash and electronic transactions. The Swiss Franc is also considered a safe-haven currency, often sought after by investors during times of economic uncertainty.

The correct answer is "Standard and Poor." The S&P 500 is a stock market index that measures the performance of 500 large companies listed on stock exchanges in the United States. It is widely regarded as a reliable indicator of the overall health of the stock market. The name "Standard and Poor" comes from the two financial information companies that created the index: Standard & Poor's and Dow Jones & Company.

FMCG stands for Fast moving consumer goods. This term refers to consumer products that are sold quickly at relatively low cost. These products are typically non-durable goods that are consumed or replaced frequently, such as food, beverages, toiletries, and cleaning products. The term "fast moving" indicates the high turnover rate of these goods in the market.

WPI stands for Wholesale Price Index. It is an economic indicator that measures the average change in the prices of goods at the wholesale level. It is used to track inflation and price trends in the economy. The correct answer is Wholesale price index.

The correct answer is 6%. This means that the import duty on gold and platinum has been increased by 6%.

CBOE in the International Financial market stands for the Chicago Board Option Exchange. It is a financial exchange that specializes in options contracts, providing a platform for investors to trade options on various securities. The CBOE is one of the largest options exchanges globally and plays a significant role in the derivatives market.

Gold ETFs can be purchased from NSE, which stands for the National Stock Exchange. The NSE is a recognized stock exchange in India where investors can trade various financial instruments, including Gold ETFs. These ETFs are exchange-traded funds that represent ownership in gold and can be bought and sold on the NSE like stocks. Unlike jewelry shops or dabba traders, the NSE provides a regulated and transparent platform for investors to invest in Gold ETFs.