- World's Largest Collection of Interview Questions & Answers, FAQs, queries, sample papers, exam papers, dumps, what, why, how, where, when questions
Our Services
Get 9,000 Interview Questions & Answers in an eBook.

Get it now !!
Send your Resume to 6000 Companies
Commodity Interview Questions & Answers - Learning Mode

Commodity Interview Questions & Answers - Learning Mode

A Commodity is a basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of other goods or services. The quality of a given commodity may differ slightly, but it is essentially uniform across producers. A physical substance, such as food, grains, and metals, which is interchangeable with another product of the same type, and which investors buy or sell, usually through futures contracts. The price of the commodity is subject to supply and demand. In contrast, one of the characteristics of a commodity good is that its price is determined as a function of its market as a whole. Well-established physical commodities have actively traded spot and derivative markets. Generally, these are basic resources and agricultural products such as iron ore, sugar, rice. Soft commodities are goods that are grown, while hard commodities are ones that are extracted through mining.

Try Commodity Interview Questions & Answers - Exam Mode
Subcategories for Commodity Interview Questions & Answers - Learning Mode

Following are sub categories for which Interview Questions & Answers are available under Commodity Interview Questions & Answers - Learning Mode. Please select the appropriate sub-category:-

Gold Trading Interview Questions & Answers (10) Learning Mode | Exam Mode

1 2 3 4 Next

Sort By : Latest First | Oldest First | By Rating

Commodity Interview Questions & Answers - Learning Mode
Try Commodity Interview Questions & Answers - Exam Mode
Question: What is Bullion in Commodity Market?

Answer: Bullion in commodity market is the generic word for gold and silver. Source:
Question: What is Closing Price in Commodity Market?

Answer: Closing Price in commodity market is the price at the end of the day's trading on a commodity market. Source:
Question: What is NCDEXRAIN in case of Commodity Market?

Answer: NCDEXRAIN is a rainfall index of NCDEX which tell us what percentage of cumulative normal expected rainfall (till the date of the index) it has actually rained taking into consideration average actual rainfall at both Colaba and Santa Cruz weather stations in Mumbai. Source:
Question: What is National Commodity and Derivative Exchange of India?

Answer: National Commodity and Derivative Exchange of India is a de-mutualised online commodity exchange of India promoted by NSE, ICICI Bk, LIC, PNB, CRISIL, NABARD IFFCO and Canara Bank. Source:
Question: What is AGDP in Commodity Market?

Answer: AGDP in commodity market means Agricultural Gross Domestic Product. Source:
Question: What is MSP in Commodity Market?

Answer: MSP in commodity market means Minimum Support Prices. Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices. The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP). MSP is price fixed by Government of India to protect the producer Source:
Question: What is Offer price in Commodity Market?

Answer: Offer price in commodity market is the lowest price at which a dealer is willing to sell a commodity. Source:
Question: Are there any custody charges for holding dmat units for Commodity?

Answer: No. There are no custody charges for holding the demat units. Source:
Question: What is Trade Date in Commodity Market?

Answer: Trade date in commodity market is the date on which a trade is executed for a specified value date. Source:
Question: What is MCX in Commodity Market?

Answer: Multi Commodity Exchange of India is a de-mutualised online commodity exchange of India promoted by Financial Technologies (I) Ltd, SBI, Fidelity International, NSE, NABARD, HDFC Bk, SBI Life Insurance Co., Union Bank of India, Canara Bk, Bank of India, Bank of Baroda and Corporation Bank. Source:
Question: What is ISIN in Commodity Market?

Answer: ISIN in commodity market is the Commodity Identification Number by which each commodity along with its specific details is uniquely represented. Source:
Question: What is FREIGHTEX in Commodity Market?

Answer: FREIGHTEX in commodity market is an index on NCDEX that represents simple average of the freight rates per tonne across high-density routes for a distance of 1000 kilometers. Source:
Question: Which are the major commodity exchanges in India?

Answer: There are 24 commodity exchanges in India. There are three national level commodity exchanges to trade in all permitted commodities. They are:

Multi Commodity Exchange of India Ltd, Mumbai (MCX)
MCX is an independent and de-mutualised multi commodity exchange. MCX features amongst the world's top three bullion exchanges and top four energy exchanges. Its key shareholders are Financial Technologies (I) Ltd., State Bank of India and it's associates, Nation Source:
Question: Explain DBMiner tool in data mining.

Answer: FUTEXAGRI in commodity market is an equal- weighted index of commodities traded on NCDEX based on the price of near month future contracts. Source:
Question: What is FCI in a Commodity Market?

Answer: FCI in commodity market is Food Corporation of India. Source:
Question: What is CIF in Commodity Market?

Answer: CIF in commodity market means Cost, Insurance & Freight which is basically the transaction cost of doing a commodity trading. Source:
Question: What is NAFED in Commodity Market?

Answer: National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) is an apex organization of marketing cooperatives for agricultural produce in India, under Ministry of Agriculture, Government of India. It was founded in October 1958 to promote the trade of agricultural produce and forest resources across the nation. NAFED is now one of the largest procurement as well as marketing agencies for agricultural products in India. With its headquarters in New Delhi, NAFED as four regional of Source:
Question: Is there any charge for opening a beneficiary account?

Answer: The charges are notified by the DPs to all the clients holding beneficiary account with them. The DPs normally charge Annual Maintenance Charges (AMC) and transaction charges on all debit instructions. It is similar to the practice followed in equity market. Source:
Question: Why invest in commodities?

Answer: Transparency and Fair Price Discovery: Trading in commodity futures is transparent and a process of fair price discovery is ensured through large-scale participation. The large participation also reflects views and expectations of a wider section of people concerned with that commodity. Online Platform: Producers, traders and processors, exporters/importers get an online platform through MCX / NCDEX for price risk management.

Hedging: It provides a platform for producers to hedge their po Source:
Question: Who invests in commodities?

Answer: a. Investors.
b. Producers / Farmers.
c. Importers / Exporters.
d. Commodity financiers.
e. Agricultural credit providing agencies.
f. Hedgers, speculators, arbitrageurs.
g. Large scale consumers. For e.g. refiners, jewelers, textile mills
h. Corporate having risk exposure in commodities. Source:

1 2 3 4 Next

India News Network
Latest 20 Questions
An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
If entire specified goods is perished before entering into contract of sale, the contract is (a) Valid (b) Void (c) Voidable (d) Cancelled
______________ contracts are also caled contracts with executed consideration. (a) Unilateral (b) Completed (c) Bilateral (d) Executory
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
An offer is made with an intention to have negotiation from other party. This type of offer is: (a) Invitation to offer (b) Valid offer (c) Voidable (d) None of the above
When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
A specific offer can be accepted by ___________. (a) Any person (b) Any friend to offeror (c) The person to whom it is made (d) Any friend of offeree
An agreement toput a fire on a person's car is a ______: (a) Legal (b) Voidable (c) Valid (d) Illegal
"Holiday Packages" announced as an advertisement are an example of _________: (a) Offer (b) Counter Offer (c) Invitation to Offer (d) None of the above
A match fixing contract between a player and a broker is a: (a) Valid Contract (b) Unenforceable Contract (c) Void Contract (d) Illegal Contract
When a bookseller sells a book on cash payment then it is called as ___________: (a) Unilateral Contract (b) Bilateral Contract (c) Executed Contract (d) Executory Contract
____________ agreements are created by situation: (a) Written (b) Oral (c) Void (d) Implied
Cache = 0.03125 Seconds