In a commodity futures contract, the term "lot size" refers to:

Q. In a commodity futures contract, the term "lot size" refers to:
Answer: The quantity of the commodity specified in the contract
Notes: Lot size refers to the specified quantity of the underlying commodity in a futures contract. For example, in gold futures, a standard lot might represent 1 kg of gold.

This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations.

📌 Question Number: 6 in Commodity Futures in the above course in App.