NISM Series XIII Mock Test 10

NISM Series XIII Exam | Mock Test 10

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1.

Ms. Jaya buys 10 lots of USDINR 1-month futures when price was 65.00/65.10 and squares off 5 lots after a week when price was 65.15/65.35. What was her profit or loss?

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2.

SCORES is: __________.

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3.

Person goes short in a GBPINR futures contract at Rs.99.75 and on expiry GBPINR reference rate is Rs. 100.75, he will ________?

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4.

Which type of option has the highest uncertainty regarding its moneyness due to small price movements in the underlying asset

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5.

Hedging for multiple bonds in a portfolio can be done by using _____

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6.

Generally, who are the market makers in OTC market for currency options?

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7.

What is the breakeven point (BEP) for a call option with a strike price of 17500 and a premium of 185?

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8.

Which of the following example is of Market Making?

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9.

Mr. Singh from India invested USD 20000 in US equity markets at an exchange price of 60 for USDINR. After a year these investments grew to USD 23000. Mr. Singh then sold off the entire investments and repatriated his money to India. He found that his effective return (profit) was 20%. Calculate the exchange price which Mr. Singh received when he repatriated money to India.

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10.

Which of the following accounting standards of Institute of Chartered Accountants of India (ICAI) defines the accounting for derivatives?

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11.

A trader buys a Put option of a stock at a strike price of Rs 600 at a premium of Rs 15. If the stock price closes at Rs 500, what is the Put buyer’s profit/loss for 100 shares?

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12.

A ________ order is classified as price related condition.

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13.

A European call option gives the buyer the right but not the obligation to buy from the seller an underlying at the prevailing market price "on or before" the expiry date.

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14.

______ is true for exchange traded derivatives

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15.

Investors can have grievances against _______________.

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16.

At 11 am RBI announced the credit policy and a deduction in interest rates. Generally such a step will lead to ______ of rupees

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17.

In Bullish vertical spread using put strategy, trader _________?

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18.

What is the settlement method for 91 day T-bill futures?

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19.

Value-at-risk measures ___________.

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20.

Option buyer faces ________ risk and option seller faces __________ risk.

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21.

Unlike Options, future contracts gives the seller both rights and obligations

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22.

Regulations on buying and selling of T bills and T bond futures for NRIs and FII investors?

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23.

A stock must meet the eligibility criteria for derivatives trading for a continuous period of six months to be selected

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24.

A _________ is where a trader buys a particular month contract (Futures or Options) and sell (i.e., take an opposite position) of the same contract of a different month.

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25.

An in-the-money option is _____________.

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26.

Cash-and-carry arbitrage involves ____

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27.

The lot size for EURINR futures contract is

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28.

The default mode of settlement in OTC spot market is ____

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29.

A pension fund receives fixed at 7% and pays floating at MIBOR. If MIBOR falls to 5.80%, what is the fund’s net position per Rs 100 crores notional amount?

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30.

Which of the following best describes the guidelines with respect to nature of agreement that a sub-broker has to execute with his client?

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31.

How are proprietary positions calculated for a Trading Member?

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32.

Which of the following represents the time value of an option?

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33.

You sold one XYZ Stock Futures contract at Rs. 278 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 265?

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34.

What is algorithmic trading?

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35.

Insurance companies are allowed to participate in interest rate futures only for _____.

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36.

Guidelines for accounting of currency futures contracts are issued by ____

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37.

A defaulting member's clients’ positions could be transferred to ____________ by the Clearing Corporation.

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38.

Which of the following Greeks measures the sensitivity of the option price to changes in the price of underlying asset?

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39.

Which corporate action does not require adjustments to strike price, market lot and position?

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40.

A trader sells call options for 200 shares at Rs 370 strike price for premium of Rs 8 per share. If the stock closes at Rs 390, what is the net profit/loss in the call contract?

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41.

What is the primary responsibility of Clearing Corporation in FandO segment of the exchange?

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42.

An Indian company has both imports & exports in GBP of equal amounts. However, the export realization comes a week after the payments are made for imports. Which type of currency risk is the company facing?

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43.

Which of the following acts is mainly responsible for governing the securities trading in India?

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44.

Clients' positions cannot be netted off against each other while calculating initial margin on the derivatives segment.

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45.

The default mode of settlement in OTC spot market is ____

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46.

What should happen if a client or trading member exceeds the client-level position limit?

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47.

Margins in 'Futures' trading are to be paid by _______.

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48.

Assume that the one-year interest rate is 1% in US, 2% in UK and 7% in India. If current GBPINR spot rate is 91.60, what would be the one-year future rate of GBPINR?

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49.

Hedging for multiple bonds in a portfolio can be done by using _____

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50.

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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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 (Derivatives) exam!NISM Series XIII mock test
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