NISM Series XIII Mock Test 3

NISM Series XIII Exam | Mock Test 3

1 / 50

A ‘naked position’ in futures refers to:

2 / 50

In futures trading, ‘initial margin’ refers to:

3 / 50

In a long position in futures, you benefit when:

4 / 50

What is ‘tick size’?

5 / 50

Which of these is a key feature of futures markets?

6 / 50

The difference between futures price and spot price is known as:

7 / 50

The price at which the underlying asset is traded in the spot market is called:

8 / 50

Futures contracts are settled:

9 / 50

Which of the following is NOT true about forwards contracts?

10 / 50

A good index must be:

11 / 50

An Exchange Traded Fund (ETF):

12 / 50

What are index derivatives?

13 / 50

Free-float methodology includes only:

14 / 50

What is “impact cost” in the context of an index?

15 / 50

Which of the following is a key application of indices?

16 / 50

Which type of index weights each company equally?

17 / 50

Nifty and Sensex originally followed which methodology?

18 / 50

Which index gives more weight to higher-priced stocks?

19 / 50

A stock market index reflects:

20 / 50

In futures, margin is paid by:

21 / 50

Which of the following derivative instruments has optionality?

22 / 50

In India, exchange-traded equity derivatives started in:

23 / 50

Put option gives the buyer the right to:

24 / 50

Call option gives the buyer the right to:

25 / 50

Interest Rate Swaps involve:

26 / 50

What is a swap?

27 / 50

Which of these is a bilateral, customized contract?

28 / 50

Which risk involves default by the counterparty?

29 / 50

What is the main purpose of a hedger in derivatives?

30 / 50

Which of the following is a characteristic of futures contracts?

31 / 50

Who eliminates price discrepancies across markets in derivatives?

32 / 50

Which is a customized OTC contract?

33 / 50

Which of the following is NOT an underlying asset in derivatives?

34 / 50

What is a derivative?

35 / 50

SEBI Act was enacted in:

36 / 50

Which committee recommended the use of VaR methodology for margins?

37 / 50

Which act regulates derivatives under Indian law?

38 / 50

In put-call parity, the formula is:

39 / 50

Which option pricing model is used primarily for European options?

40 / 50

In a call option, the buyer has the right to:

41 / 50

What is the ‘basis’ in futures trading?

42 / 50

Which of these features is NOT associated with futures contracts?

43 / 50

Forwards contracts are typically traded in:

44 / 50

Which financial instrument is based on an index as an underlying asset?

45 / 50

Which is NOT an attribute of a good market index?

46 / 50

Which index type is most influenced by the stock’s market capitalization?

47 / 50

Which risk involves the chance of a counterparty failing to fulfill contractual obligations?

48 / 50

Which category of market participants seeks to reduce risk exposure?

49 / 50

Which of the following is NOT an example of a derivative instrument?

50 / 50

What is a derivative?

Your score is

The average score is 66%

0%

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

Remember that while mock tests can benefit practice, it’s important to understand the concepts and principles behind each question thoroughly.

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