Which of the following statement with reference to the India International Bullion Exchange (IIBX) is correct?
1
It is the initiative to help social and voluntary organisations which work for social causes to raise capital as equity or debt or a unit of mutual fund.
2
It is a physically existing institutionalized set-up where instruments of security stock market are traded.
3
It is a market through which buyers and sellers trade gold and silver as well as associated derivatives.
4
It involve trading i.e., buying and selling of various commodities and their derivative products.