1. The total initial margin required for all trades in an investor account is computed through _______ methodology.

2. ______ is a statistical time-series measure of a weighted average of prices of a specified set of goods and services purchased by consumers.

3. When the interest rate differential between base and quoting currency increases, the put option premium _______.

4. A speculator with a bullish view on USD-INR rate can _________.

5. Spot value of nifty is 11,000. An investor bought a one month nifty 11,200 call option for a premium of Rs 100. The option is:

6. A Short Hedge is a deal that produces risk free profits by exploiting a mispricing in the market.

7. In India, all the currency options in OTC market are of European type.

8. What are the basic accounting heads to be maintained by any market participant for maintaining currency futures accounts?

9. The price of currency pair for which direct prices is not available is called as cross rate.

10. Use of a vehicle currency greatly reduces the number of exchange rates that must be dealt with in a multilateral system.

11. In case of the exchange traded interest rate options contracts, the base price on the first day of the contract is computed using _______.

12. The _______ determines the zero rates, which in turn determine the bond price.

13. __________ can be defined as the futures price minus the spot price.

14. The margin requirement for spread should not double the margin for one but should be more than the margin for one of them.

15. While calculating Client Positions, positions are netted across clients.

16. Under hedge accounting, the hedged item can be only government security that is categorized in _______.

17. ________ for all segments/Exchanges detailing risk associated with dealing in the securities market.

18. "Greeks" is a term used in the _________ market to describe the different dimensions of risk involved in taking an options position.

19. _______ risk that the buy or sell order placed in ETCD may not get executed at the desired price due to higher price volatility.

20. An __________ order allows a trading member to buy or sell a security as soon as the order is released into the market, failing which the order will be removed from the market.

21. An investor buys 2 contracts of TCS futures for Rs. 570 each. He sells of one contract at Rs. 585. TCS futures closes the day at Rs. 550. What is the net payment the investor has to pay / receive from his broker?
(1 TCS contract = 1000 shares)

22. The breakeven point in a Bull Put spread is ________.

23. _______ is the minimum trading increment or price differential at which traders are able to enter bids and offers.

24. The maximum loss in Bull Put spread is ________.

25. Cli' order stands for _______.

26. If the price is above premium, YTM will be lower than coupon.

27. Derivatives can be classified into five asset classes, in each asset class, there are ________ generic products.

28. If the market rate rises, the bond price falls because of _______.

29. _______ does not pay any amount before maturity date.

30. The __________ for cross currency derivatives shall be collected in Indian Rupees (INR).

31. The initial margin for calendar spread on 91 days T-bill futures for 1 month shall be _______.

32. By hedging, the losses made in the underlying market is offset by the profits made in the futures market.

33. The schedule commercial banks which hold SGL a/c is the equivalent of depository participants.

34. ______ are the contracts to buy or sell a right on underlying with cash for settlement on a future date.

35. Which of these PUT options are ITM?

36. On 14th April, Future Price of XYZ Ltd is Rs 140 and Spot price of XYZ is Rs 138. Spot closed on expiry date at Rs 142. What should be the future price of XYZ on expiry date?

37. ____________ is charged on the net exercise settlement value payable by a Clearing Member towards final exercise settlement.

38. If a trader in the currency futures market expects INR to depreciate against USD then he will sell USD/INR.

39. _________ are derivative contracts to buy or sell returns from the underlying with returns from cash over a period through OTC market.

40. If the rate of inflation exceeds the coupon rate of a bond, the real interest rate on the bond will be negative.

41. The steepening term structure may occur when both rates move in opposite direction which is termed as _______.

42. ______ is a statistical time-series measure of a weighted average of prices of a specified set of goods and services purchased by consumers.

43. If USD interest rate were to go up and INR interest rate were to remain stable, then future price of USDINR would _______.

44. Extreme Loss Margin for USDINR is ____________.

45. A ________ sheet specifying various charges, including brokerage, payable by the client to avoid any disputes at a later date.

46. Clearing Members who do not Trade but clear and settle trades executed by Trading Members are:

47. A trader has sold a put option with strike of Rs. 1500 at a premium of Rs. 60. What is the maximum gain per share that he may have on expiry of this position ?

48. Cable is the nickname for which currency?

49. An open interest is the total number of contracts traded in a month for an underlying asset.

50. ____________ is charged on the net exercise settlement value payable by a Clearing Member towards final exercise settlement.