New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    Which of the following is not a product being offered

    under the umbrella brand of GIFT Nifty?
    A GIFT Nifty 50 Correct Answer Incorrect Answer
    B GIFT Nifty Bank Correct Answer Incorrect Answer
    C GIFT Nifty Financial Services Correct Answer Incorrect Answer
    D GIFT Nifty IT derivatives contract Correct Answer Incorrect Answer
    E GIFT Nifty Commodities Correct Answer Incorrect Answer

    Solution

    • A) GIFT Nifty 50:  This is the main product offered under the GIFT Nifty brand. It is a derivative contract linked to India's Nifty 50 index.
    • B) GIFT Nifty Bank:  This is another derivative contract offered under the GIFT Nifty brand. It is linked to the Nifty Bank index, which tracks the performance of the largest public sector banks in India.
    • C) GIFT Nifty Financial Services:  This is a derivative contract offered under the GIFT Nifty brand. It is linked to the Nifty Financial Services index, which tracks the performance of leading financial services companies in India.
    • D) GIFT Nifty IT derivatives contract:  This is also a derivative contract offered under the GIFT Nifty brand. It is linked to the Nifty IT index, which tracks the performance of leading information technology companies in India.
    Therefore, only GIFT Nifty Commodities is not under the GIFT Nifty umbrella, as it tracks a different asset class (commodities) compared to the other options which all focus on financial indices.

    Practice Next