question_answer

Directions: Five statements arc given below, labelled (a), (b), (c), (d) and (e). Among these, four statements arc in logical order and form a coherent paragraph/passage. From the given options, choose the option that does not fit into the theme of the passage.

A)  If a good chunk of your portfolio is in equities, the future is not bright for you.

B)  India VIX is the pet name for the India Volatility Index, an index disseminated by the NSE.

C)  It measures the degree of volatility or fluctuations that active traders expect in the Nifty 50 over the next 30 days.

D)  It was the Chicago Board Options Exchange which originally came up with the term VIX in 1993 and the NSE, with the CBOE's permission, kicked off the India VIX a few years ago.

E)  The VIX calculation is based on the Black Scholes Model which is used to price options contracts.