NISM Series XIII Mock Test 5

NISM Series XIII Exam | Mock Test 5

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Currency futures are:

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Which of the following affects exchange rates?

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In currency markets, the spread refers to:

4 / 50

Cross currency rate is calculated using:

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The underlying in a currency future is:

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Contract size for USDINR futures is:

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What is the expiry date for a currency futures contract?

8 / 50

The Daily Settlement Price (DSP) is based on:

9 / 50

Final settlement for currency futures is in:

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A long position in USDINR futures benefits when:

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Tick size for USDINR futures is typically:

12 / 50

The theoretical pricing of currency futures follows:

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In India, currency futures are regulated by:

14 / 50

Currency options in India follow which style?

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An option is said to be ‘at-the-money’ when:

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Which factor increases an option’s time value?

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Who is obligated in an option contract?

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Which of the following measures volatility sensitivity of options?
A. Delta

19 / 50

Intrinsic value of a call option is:

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Currency options were introduced in India in:

21 / 50

Which of the following has a non-linear payoff?

22 / 50

Option premium is paid by:

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Which Greek indicates the impact of time decay on an option?

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Interest Rate Futures in India are traded on:

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A rise in interest rates leads to:

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Interest Rate Futures are based on:

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Who uses interest rate derivatives for hedging?

28 / 50

Contract value in IRD is derived from:

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The purpose of interest rate swaps is to:

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Which of the following is NOT a benefit of IRDs?

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Which committee laid down the framework for IRD in India?

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Which Act brought derivatives under the definition of securities in India?

33 / 50

SEBI was established under which year’s Act?

34 / 50

Who recommends policies for the securities market in India?

35 / 50

The minimum net worth required for a Clearing Member is:

36 / 50

Who developed the VaR-based margin methodology in India?

37 / 50

Mandatory investor certification for dealers is valid for:

38 / 50

SEBI's Complaints Redress System is known as:

39 / 50

Exchanges must have an Investor Grievance Cell in at least:

40 / 50

In case of Clearing Member default, which funds are used first?

41 / 50

All brokers in the derivative segment must obtain:

42 / 50

Derivative transactions before FY 2005–06 were considered:

43 / 50

Post Finance Act 2005, derivative gains/losses are considered:

44 / 50

What is the tax treatment for STT paid on option premium (sale)?

45 / 50

If an option is exercised, the STT is applicable on:

46 / 50

For delivery-settled derivatives, STT is charged like:

47 / 50

Accounting for MTM margin is done under:

48 / 50

Initial margin in accounting is shown as:

49 / 50

Which standard governs accounting for forward contracts?

50 / 50

Under Section 44AD, presumptive income for F&O traders can be assumed at:

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The average score is 79%

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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 Series XIII mock test
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