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NISM Series XIII Mock Test 1

NISM Series XIII Exam | Mock Test 1

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

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3. Long straddle involves

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

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

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

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7. A put option becomes profitable when:

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

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

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

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11. Mark-to-market margin is calculated:

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

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

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15. Which strategy profits from low volatility?

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16. Shorting in derivatives means:

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

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

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

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20. A covered call strategy involves:

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

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23. Maximum loss for a short straddle is:

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24. In India, index derivatives are available on:

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25. The initial margin is collected to:

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

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

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28. Arbitrage means:

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

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30. A speculator aims to:

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

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32. Futures trading helps in:

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

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34. Hedging using futures helps to:

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

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37. A call option gives the holder the:

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38. Which of the following is a Bullish strategy?

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

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40. Who is a hedger in the derivatives market?

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41. 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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42. Which one of the following statements is FALSE?

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

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

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

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

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

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48. Margin money in futures contracts is meant to:

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49. Profit for call option buyer =

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50. Exposure margin is collected for:

Your score is

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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