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Commodity Interview Questions & Answers - Learning Mode
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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.

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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: CoolInterview.com
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: CoolInterview.com
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: CoolInterview.com
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: CoolInterview.com
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: CoolInterview.com
Question: What is AGDP in Commodity Market?

Answer: AGDP in commodity market means Agricultural Gross Domestic Product. Source: CoolInterview.com
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: CoolInterview.com
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: CoolInterview.com
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: CoolInterview.com
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: CoolInterview.com
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: CoolInterview.com
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: CoolInterview.com
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)

www.mcxindia.com
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: CoolInterview.com
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: CoolInterview.com
Question: What is FCI in a Commodity Market?

Answer: FCI in commodity market is Food Corporation of India. Source: CoolInterview.com
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: CoolInterview.com
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: CoolInterview.com
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: CoolInterview.com
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: CoolInterview.com
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: CoolInterview.com

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Latest 20 Questions
Payment of time- barred debt is: (a) Valid (b) Void (c) Illegal (d) Voidable
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