RAINMUMBAI, launched by NCDEX on 29 May 2026, is India's first SEBI-approved:
- Aelectricity futures contract
- Bcarbon credit futures contract
- Cgreen bond index, of city bonds
- Dweather derivative, on rainfall
Show answer and explanation
Correct answer: (d) weather derivative, on rainfall
Explanation
RAINMUMBAI lets firms hedge monsoon risk by trading on rainfall.