n NISM Certifications
VII NISM Series VII
Medium

Currency Derivatives trading was introduced in India with the launch of currency futures trading in the __________ pair at the National Stock Exchange of India.

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    GBP-INR

  2. B

    EUR-INR

  3. USD-INR

    Correct answer

  4. D

    JPY-INR

Why this is the answer

Currency derivatives in India started with USD-INR futures on NSE in 2008. It was the first currency pair allowed for exchange-traded currency futures.

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