NISM Series XIII: Common Derivatives Certification Exam

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NISM Series XIII Mock Test 1

Here are 50 sample MCQs to help you prepare for the NISM Series XIII: Common Derivatives Certification Examination.

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1. Which strategy profits from low volatility?

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2. Index derivatives are based on:

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3. Futures trading helps in:

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4. At-the-money option means:

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5. A speculator aims to:

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6. A put option becomes profitable when:

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7. A derivative derives its value from:

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

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9. A call option gives the holder the:

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10. Maximum loss for a short straddle is:

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11. Intrinsic value of a call option =

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

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13. Margin money in futures contracts is meant to:

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14. Protective put strategy includes:

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

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

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17. Long straddle involves

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18. Futures contracts are:

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19. Arbitrage means:

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

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

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

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23. Which one of the following statements is FALSE?

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24. Option premium increases with:

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25. Exposure margin is collected for:

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

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27. In India, index derivatives are available on:

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28. Profit for call option buyer =

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29. Option premium is:

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30. Mark-to-market margin is calculated:

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

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32. Who is a hedger in the derivatives market?

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

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34. Mark-to-market losses are settled:

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

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36. Which of the following is a bullish strategy?

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37. A covered call strategy involves:

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

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

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40. The initial margin is collected to:

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

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

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43. A long futures position means:

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44. Hedging using futures helps to:

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

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46. Which of the following is a derivative instrument?

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

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48. Shorting in derivatives means:

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

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

Your score is

The average score is 71%

0%

This 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!

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