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NISM Series XIII Mock Test 1

NISM Series XIII Exam | Mock Test 1

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1. Exposure margin is collected for:

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2. In India, index derivatives are available on:

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3. Futures trading helps in:

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

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

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6. Which strategy profits from low volatility?

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

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

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

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

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11. Margin money in futures contracts is meant to:

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12. Long straddle involves

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

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14. The initial margin is collected to:

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15. Shorting in derivatives means:

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

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

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18. A covered call strategy involves:

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

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20. Mark-to-market margin is calculated:

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21. 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 ?

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

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

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24. A speculator aims to:

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25. 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.) ?

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

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

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

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

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30. 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 -

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

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32. Who is a hedger in the derivatives market?

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

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34. Which one of the following statements is FALSE?

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35. Profit for call option buyer =

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

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37. Hedging using futures helps to:

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38. Which of the following is a Bullish strategy?

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

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40. A put option becomes profitable when:

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41. Maximum loss for a short straddle is:

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

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

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44. A call option gives the holder the:

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

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46. Arbitrage means:

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

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

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49. 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?

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

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The average score is 59%

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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
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