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NISM Series XIII Mock Test 1

NISM Series XIII Exam | Mock Test 1

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1. A call option gives the holder the:

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

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3. Margin money in futures contracts is meant to:

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4. A put option becomes profitable when:

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

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6. In India, index derivatives are available on:

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

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8. Protective put strategy includes:

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9. Profit for call option buyer =

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

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11. Hedging using futures helps to:

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12. A covered call strategy involves:

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

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

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15. Which of the following is a bullish strategy?

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

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17. Futures trading helps in:

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18. Shorting in derivatives means:

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19. Arbitrage means:

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

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21. A derivative derives its value from:

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

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23. The initial margin is collected to:

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24. Futures contracts are:

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

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26. A long futures position means:

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27. A speculator aims to:

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28. Which one of the following statements is FALSE?

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29. Index derivatives are based on:

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30. Mark-to-market losses are settled:

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31. Maximum loss for a short straddle is:

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32. Option premium increases with:

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

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34. Exposure margin is collected for:

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

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

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37. Intrinsic value of a call option =

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38. Which of the following is a derivative instrument?

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39. Which strategy profits from low volatility?

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

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41. Option premium is:

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

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43. Mark-to-market margin is calculated:

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

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

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

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47. At-the-money option means:

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

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49. Long straddle involves

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50. Who is a hedger in the derivatives market?

Your score is

The average score is 44%

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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 Exam
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