Multiple choice general knowledge

When Interest Rate futures been introduced in India

  1. 30th Aug 2009

  2. 31st Aug 2010

  3. 31st Aug 2009

  4. 29th Sept 2009

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Interest Rate futures were introduced in India on August 31, 2009. The National Stock Exchange (NSE) was the first to launch this derivative product, allowing market participants to hedge against interest rate risk. This was a significant development in the Indian financial derivatives market.