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MoneyBytes Weekly Quiz #5

Which is the largest commodity exchange in India?

National Commodity and Derivatives Exchange (NCDEX)

Indian Commodity Exchange (ICEX)

National Multi Commodity Exchange (NMCE)

Multi Commodity Exchange of India (MCX)

Who defines the Monetary Policy in India?

Reserve Bank of India (RBI)

Prime Minister

Finance Minister

Securities Exchange Board of India (SEBI)

"Derivatives are financial weapons of mass destruction". Who said this?

Rakesh Jhunjhunwala

Warren Buffet

Richard Thaler

Jeff Bezos

Which among the following choices are Derivatives?

Forward, Options, and Futures

Forward, Purchase, and Options

Futures, Options, and Lots

Futures, Lots and Purchase

Which asset is not liable to attachment even by a court order?

Self-occupied House

Employee Provident Fund

Public Provident fund (PPF)

Maturity Proceeds of Life Insurance Policy

Which section of Income Tax Act, provides exemption of the expenses incurred for treatment of specified critical illness of family members?

Section 80D

Section 80DD

Section 80DDB

Section 80DDA

In which year was the last Railway Budget presented in the Loksabha?

2014

2015

2019

2016

What methodology is used to calculate the value of BSE Sensex?

Price-weighted

Free Float Market Capitalization

Broad-based

Composite

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