0%

NISM Series XIII Mock Test 1

NISM Series XIII Exam | Mock Test 1

1 / 50

1. Maximum loss for a short straddle is:

2 / 50

2. Who is a hedger in the derivatives market?

3 / 50

3. ______ specifies how to convert the payment period into year fraction.

4 / 50

4. Mark-to-market margin is calculated:

5 / 50

5. Margin money in futures contracts is meant to:

6 / 50

6. In India, index derivatives are available on:

7 / 50

7. If futures price are lower than the spot price of an asset, market participants may expect the spot price to come down in the future. This situation is called -

8 / 50

8. A call option gives the holder the:

9 / 50

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

10 / 50

10. Arbitrage means:

11 / 50

11. Which of these is true about a European Option?

12 / 50

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

13 / 50

13. A speculator aims to:

14 / 50

14. Which strategy profits from low volatility?

15 / 50

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

16 / 50

16. The yield to maturity amortizes the capital gain or loss at redemption over the bond's life and adds it to the _______.

17 / 50

17. The interest rate on ______ is the benchmark for determining the interest rate on other debt instruments.

18 / 50

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

19 / 50

19. The investor has the right to demand prepayment on specified dates before maturity in case of _______.

20 / 50

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

21 / 50

21. Shorting in derivatives means:

22 / 50

22. Exposure margin is collected for:

23 / 50

23. If Delta = 0.6, spot moves ₹10, option premium moves:

24 / 50

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

25 / 50

25. Long straddle involves

26 / 50

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

27 / 50

27. A Trading Member has two Clients: Client A and Client B. Client A has net Long Position of 12 and Client B has net Short Position of 10. What is the net position for the Trading Member?

28 / 50

28. Which of the following is a Bullish strategy?

29 / 50

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

30 / 50

30. The ____________ model was developed by William Sharpe in 1978.

31 / 50

31. What should the affected stock exchange do to restore normalcy of operations during an outage?

32 / 50

32. A put option becomes profitable when:

33 / 50

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

34 / 50

34. Consider a scenario in which USDINR was quoting as 63.40/63.42 and EURUSD as 1.1450 / 1.1453 in the morning and by the day end USDINR moves to 63.10/63.12 while EURUSD moves to 1.1420/1.1422. What would best describe the movement of currency during the day ?

35 / 50

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

36 / 50

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

37 / 50

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

38 / 50

38. Which one of the following statements is FALSE?

39 / 50

39. A covered call strategy involves:

40 / 50

40. The initial margin is collected to:

41 / 50

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

42 / 50

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

43 / 50

43. Profit for call option buyer =

44 / 50

44. Hedging using futures helps to:

45 / 50

45. Futures trading helps in:

46 / 50

46. If a future price is rising and open interest is also increasing, what does this indicate?

47 / 50

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

48 / 50

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

49 / 50

49. A Currency exchange trading member buys 20 lots of USDINR one month futures on day 1 at 65.80 and also sells 4 lots of the same contract on the same day at 65.90 in the proprietary book. The settlement price for the day was 65.80. What would be mark to market (MTM) margin on the open positions (in Rs.) ?

50 / 50

50. The futures hedge is simultaneously exposed to both basis risk and yield curve spread risk.

Your score is

The average score is 60%

LinkedIn Facebook
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 Mock Test
Mock Test 1  |  Mock Test 2  |  Mock Test 3  |  Mock Test 4  |  Mock Test 5  |  Mock Test 6  |  Mock Test 7  |  Mock Test 8  |  Mock Test 9  |  Mock Test 10 | Mock Test 11 | Mock Test 12 | Mock Test 13 | Mock Test 14 | Mock Test 15  | Mock Test 16 | Mock Test 17 | Mock Test 18 | Mock Test 19 | Mock Test 20

For the latest and most accurate information, please visit the NISM website at https://cert.nism.ac.in/