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NISM Series XIII Mock Test 1

NISM Series XIII Exam | Mock Test 1

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1. Mark-to-market losses are settled:

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

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3. Exposure margin is collected for:

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4. Futures trading helps in:

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

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

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7. Margin money in futures contracts is meant to:

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8. Who is a hedger in the derivatives market?

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9. A long futures position means:

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

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11. Mark-to-market margin is calculated:

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12. Index derivatives are based on:

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13. Futures contracts are:

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14. Which one of the following statements is FALSE?

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15. A put option becomes profitable when:

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

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

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

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19. Hedging using futures helps to:

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20. A speculator aims to:

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

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22. In India, index derivatives are available on:

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23. Protective put strategy includes:

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24. Which of the following is a derivative instrument?

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25. The initial margin is collected to:

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

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

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28. Shorting in derivatives means:

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29. Option premium increases with:

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

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31. Arbitrage means:

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

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33. Profit for call option buyer =

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

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35. A derivative derives its value from:

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36. Intrinsic value of a call option =

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37. Option premium is:

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38. At-the-money option means:

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

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

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

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42. Which of the following is a bullish strategy?

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

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44. Maximum loss for a short straddle is:

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45. Long straddle involves

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

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47. A call option gives the holder the:

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48. Which strategy profits from low volatility?

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

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50. A covered call strategy involves:

Your score is

The average score is 52%

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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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