Commodity exchange - SS1 Commerce Past Questions and Answers - page 1

1

What is a commodity exchange?

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A

A marketplace for trading goods and services

B

An organized marketplace for trading commodities

C

A platform for trading stocks and bonds

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2

Which of the following is NOT a type of tradable commodity?

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A

Agricultural produce

B

Precious metals

C

Textile products

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3

What are solid minerals?

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A

Minerals found in the earth's crust

B

Minerals used for agricultural purposes

C

Minerals used in the manufacturing of electronics

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4

Which industry relies on oil and gas commodities?

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A

Telecommunications

B

Tourism and hospitality

C

Energy and transportation

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5

What is the main purpose of commodity exchanges?

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A

Risk management

B

Price discovery

C

All of the above

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6

Define a commodity exchange in simple terms.

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7

Name one type of tradable commodity other than agricultural produce, solid minerals, or oil and gas.

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