What is price of a commodity?
(A) rise in the value of currency only
(B) fall in the value of currency only
(C) rise in the value of commodity only
(D) fall in the value of currency and rise in the value of commodity
Correct Answer : fall in the value of currency and rise in the value of commodity
Question Asked : Bihar Police Sub Inspector Prelims Exam 2018
Rise in price of a commodity means fall in the value of a currency and rise in the value of a commodity. The market price of a commodity that is quoted in the news is often the market futures price for that respective commodity. As with equity securities, a commodities futures price is determined primarily by the supply and demand for the commodity in the market.
....Read more
Useful Quotations for : UPSC, State PSC, IBPS, SSC, Railway, NDA, Police Exams
Like The Facebook Page
CurrentGK for
Current Affairs, Latest GK &
Employment News
Tags : Indian Economy
