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GK MCQs Section
Q. What is "contango" in the context of commodity futures?
Answer: A situation where the futures price is higher than the spot price
Notes: Contango occurs when the futures price of a commodity is higher than the current spot price, often due to storage costs and interest rates.
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: 12 in Commodity Futures in the above course in App.