Current Affairs · Agreements and MoUs
A significant step towards introducing financial instruments linked to climatic variables was taken through a collaboration to develop products that help various sectors hedge against financial risks associated with adverse weather conditions. Which two entities formalized this agreement?
- 1SEBI and Indian Council of Agricultural Research (ICAR)
- 2NCDEX and India Meteorological Department (IMD)✓
- 3BSE and Ministry of Agriculture & Farmers Welfare
- 4NSE and Central Water Commission
Correct answer
NCDEX and India Meteorological Department (IMD)
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