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NISM Series XIII Mock Test 1

NISM Series XIII Exam | Mock Test 1

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1. Option premium is:

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2. Option premium increases with:

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3. Long straddle involves

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4. The expiry day for equity derivatives in India is:

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5. A speculator's aim in derivatives is to:

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6. A long futures position means:

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7. Hedging using futures helps to:

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8. At-the-money option means:

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9. Which of the following instruments is used for hedging index exposure?

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10. Shorting in derivatives means:

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11. A call option gives the holder the:

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12. Which one of the following statements is FALSE?

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13. Put option is in-the-money when:

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14. Which of the following is a bullish strategy?

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15. Mark-to-market margin is calculated:

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16. A covered call strategy involves:

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17. A put option becomes profitable when:

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18. Which of the following is NOT an example of a derivative?

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19. A trader sells a future and buys the same stock. He is:

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20. Which of these is NOT a characteristic of a forward contract?

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21. Protective put strategy includes:

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22. Maximum loss for a short straddle is:

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23. If index is volatile, the SPAN margin will:

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24. Which one is true about SEBI’s regulation on derivatives?

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25. The initial margin is collected to:

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26. A derivative derives its value from:

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27. Mark-to-market losses are settled:

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28. Which of the following is true about put options?

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29. Which of the following is a derivative instrument?

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30. Who is a hedger in the derivatives market?

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31. A speculator aims to:

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32. Which strategy profits from low volatility?

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33. Margin money in futures contracts is meant to:

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34. The counterparty risk in exchange-traded derivatives is borne by:

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35. Which of these is true about a European option?

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36. Futures contracts are:

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37. Arbitrage means:

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38. The maximum loss in buying a call option is:

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39. Which of these best defines basis in futures trading?

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40. If spot = ₹100 and futures = ₹110, arbitrageur will:

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41. Exposure margin is collected for:

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42. Which strategy benefits from both upward and downward movements?

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43. Futures trading helps in:

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44. Profit for call option buyer =

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45. Intrinsic value of a call option =

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46. The term 'lot size' in derivatives refers to:

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47. Index derivatives are based on:

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48. If a put is bought at ₹10 premium with a strike of ₹100 and spot is ₹85 at expiry, profit =

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49. In India, index derivatives are available on:

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50. Which group is NOT allowed to take speculative positions?

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The average score is 19%

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This mock test will help you familiarize yourself with the exam format, assess your knowledge, and identify areas that may need further study.

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Good luck with your preparation for the NISM Series XIII exam!NISM Exam
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