1044. Match the items of List-I with List-Il.
| List-I | List-II |
| a. Future | 1. Consists of purchase or sale of commodities in two different markets with the expectations that a future change in price in one market will be offset by an opposite change in the other market |
| b. Swap | 2. A contract in which a seller agrees to deliver an asset to a buyer at a predetermined price at some future date as privately negotiated |
| c. Hedging | 3. A contractual agreement for exchanging a steam of payments with opposite and matching needs, to reap the benefit arising due to market discrepancies |
| d. Forward | 4. A contract covering the purchase and sale of physical commodities or financial instruments for future delivery on a future exchange floor |
1045. NSE's Certification in Financial Markets (NCFM) is a necessary qualification for becoming a trading member.
1046. Narasimham Committee suggested three - four bigger banks in India. Government carried out a massive consolidation process in 2019. Which of the following statement is true in this context?
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