Question

Q13. With reference to the Baltic Dry Index, consider the following statements
1. It is an economic indicator issued daily by the London-based Baltic Exchange
2. They are restricted to Baltic Sea Countries.
Select the correct answer using the code given below.

• A. a) Only 1
• B. b) Only 2
• C. c) All of the above
• D. d) None of the above

Answer 1

The correct option is A a) Only 1

1. It is an economic indicator issued daily by the London-based Baltic Exchange.
2. Not restricted to Baltic Sea countries, the index provides “an assessment of the price of moving the major raw materials by sea.
3. Taking in 23 shipping routes measured on a time charter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain.