(i) The farmer must accept a wheat futures contract and not take physical possession of wheat.

(ii) The farmer must accept delivery of the wheat at a higher price.

(iii) The farmer has the right to deliver the wheat and will do so only if the price is favourable

(iv) The farmer must deliver the wheat at market price.


  • A

    (i) and (iv)   

  • B

    (iv) only  

  • C

    (iii) only    

  • D

    (ii) and (iii)