Many a time we read in financial newspapers a term/name NMCEX. What is the full form of the same?

New Multi Capital Exchange

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National Medium Commodity Exchange

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National Multi-Commodity Exchange

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Net Marketable Commodity Exchange

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Solution

The correct option is B National Multi-Commodity Exchange
The acronym NMCEX stands for National Multi-Commodity Exchange. The NMCEX merged with the Indian Commodity Exchange, (ICEX) in 2017. The combined exchange is India's third-largest commodities market.

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