0%

NISM Series XIII Mock Test 1

NISM Series XIII Exam | Mock Test 1

1 / 50

1. The initial margin is collected to:

2 / 50

2. Long straddle involves

3 / 50

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

4 / 50

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

5 / 50

5. Arbitrage means:

6 / 50

6. Profit for call option buyer =

7 / 50

7. Which one of the following statements is FALSE?

8 / 50

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

9 / 50

9. Margin money in futures contracts is meant to:

10 / 50

10. In India, index derivatives are available on:

11 / 50

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

12 / 50

12. 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.) ?

13 / 50

13. Maximum loss for a short straddle is:

14 / 50

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

15 / 50

15. 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 -

16 / 50

16. Exposure margin is collected for:

17 / 50

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

18 / 50

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

19 / 50

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

20 / 50

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

21 / 50

21. A speculator aims to:

22 / 50

22. Futures trading helps in:

23 / 50

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

24 / 50

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

25 / 50

25. A put option becomes profitable when:

26 / 50

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

27 / 50

27. A covered call strategy involves:

28 / 50

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

29 / 50

29. Shorting in derivatives means:

30 / 50

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

31 / 50

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

32 / 50

32. Which of the following is a Bullish strategy?

33 / 50

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

34 / 50

34. 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?

35 / 50

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

36 / 50

36. 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 ?

37 / 50

37. Who is a hedger in the derivatives market?

38 / 50

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

39 / 50

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

40 / 50

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

41 / 50

41. A call option gives the holder the:

42 / 50

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

43 / 50

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

44 / 50

44. Mark-to-market margin is calculated:

45 / 50

45. Hedging using futures helps to:

46 / 50

46. Which strategy profits from low volatility?

47 / 50

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

48 / 50

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

49 / 50

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

50 / 50

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

Your score is

The average score is 59%

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/