Questions

Pound Sterling is the official currency of United Kingdom.

-> Renminbi is the currency of China.

-> Euro is the currency of 19 countries like Spain, Austria, Finland, Italy, Germany, Greece, Belgium, etc...

-> Dollar is the currency of United States.

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In order to encourage work of excellence in taxonomy and also to encourage young students and scholars to work in this field of science, this award, named after the late Prof. E.K. Janaki Ammal was instituted in the year 1999.Late Prof. Janaki Ammal did taxonomic work of outstanding merit and excellence, particularly in the area of cytotaxonomy and has been a source of inspiration to many young scientists.The award is presented by Ministry of Environment, Forest and Climate Change

Type 2 diabetes is the most common form of diabetes.

• If you have type 1 diabetes your body does not release insulin.

• If you have type 2 diabetes your body does not use insulin properly.

Hedging is a tool to minimize the risks. It is thus like an 'insurance' where one pays a premium but gets an assured amount in case of some uncertain event to the extent of the loss actually suffered on an equally opposite position for which the hedge was done. Thus, hedger is different from arbitrageur and speculators, as the intention here is not to maximize the profit but to minimize the loss.

E.g. In Capital Markets, suppose an investor has an equity portfolio of Rs. 2 lacs and the portfolio consists of all the major stocks of NIFTY. He thinks the market will improve in the long run but might go on a downside in the shortrun. NIFTY today stands at 4300. To minimize the risk of downfall, he enters into an option contract by buying NIFTY-PUT of strike 4300 at a premium of, say, Rs. 100. Thus, the actual amount paid is Rs. 5,000(lot size of NIFTY is 50). Also, the number of NIFTY-PUTs to be bought will vary on the beta of the portfolio so as to completely hedge the positon. 

Lothal