Derivative Question - Set 21
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1. This is a Mock Examination of NISM-Series-XVIII: Financial Education Certification Examination.
2. This mock test has 50 questions of 1 marks each. Please note that the actual examination for NISM Series XVIII: Financial Education Certification Examination has 50 questions of 1 mark each.
3. There is no negative marking.
4. The passing score for the examination is 60%
5. This mock examination is only to give the candidates an experience of NISM testing system.
6. Please note that passing this mock test would not make you eligible for claiming a certificate for NISM-Series-XVIII: Financial Education Certification Examination.
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Question 1 of 25
The regulatory framework for the derivatives market in india has been developed by the
Question 2 of 25
Which of the following prices is used to compute MTM of a futures contract in case it is not traded on a given day?
Question 3 of 25
Naked position in futures market simply means a long or short position in any futures contract without having any position
in the underlying asset.
Question 4 of 25
Vertical spread involves same strike, same type but different expiry options
Question 5 of 25
Client A has purchased 10 contracts of December series and sold 7 contracts of January series of the NSE Nifty futures.
How many lots will get categorised as regular (non-spread) open positions?
Question 6 of 25
Intrinsic value of an OUT OF MONEY option is _____
Question 7 of 25
On 15th January, Raju bought a January Nifty futures contract worth Rs.8,06,250. For this he had to pay an initial margin
of Rs.85,000 to his broker. Each Nifty futures contract is for delivery of 75 Nifties. On 25th January, the index closed at 10,790.
How much profit/loss did he make?
Question 8 of 25
A member has two clients C1 and C2. C1 has purchased 800 contracts and C2 has sold 900 contracts in August XYZ
futures series. What is the outstanding liability (open position) of the member towards Clearing Corporation in number of
Question 9 of 25
Arbitrage opportunities usually persist for a long time period.
Question 10 of 25
A butterfly spread is an extension of ___________ strategy
Question 11 of 25
An investor with a bearish market outlook should
Question 12 of 25
If you sell a CALL with Strike Price Rs 500 for a premium of Rs 50 ( Lotsize = 400) , then the maximum possible loss is
Question 13 of 25
Current price of ABC Ltd is Rs 272 and if 250 strike call is quoted at Rs 60 than What is the intrinsic value
Question 14 of 25
Which of the following contracts are automatically squared off on expiry date?
Question 15 of 25
When you sell a PUT option, you expect ____
Question 16 of 25
Over-the-counter market is not a physical marketplace but a collection of broker-dealers scattered across the country
Question 17 of 25
You bought December ABC Ltd future at Rs 260 and lot size is 1200. If you sell it at Rs 230 what will be your pay off
Question 18 of 25
Strike price has to be adjusted for stocks for which ___________ is declared
Question 19 of 25
_________________ issued by the members of Exchanges contains important information on trading in Equities and F&O
Segments of exchanges
Question 20 of 25
The amount that must be deposited in the margin account at the time a futures contract is first entered into is known as
Question 21 of 25
A clearing member who is not a trading member is a ____________
Question 22 of 25
A stock is currently selling at Rs 70.the call otpion to buy the stock at Rs 65 costs 9. what is the time value of the
Question 23 of 25
You have bought shares of ABC for Rs 15 lakh. The beta of ABC is 1.2 . In order to hedge your, risk you have shorted
NIFTY Rs 25 lakhs. Which of the below is true ?
Question 24 of 25
________ option gives the buyer the right but not the obligation to buy a given quantity of the underlying asset
Question 25 of 25
Convenience return for a commodity is likely to be different for different people, depending on the way they use it.