NISM Series XIII Mock Test 7

NISM Series XIII Exam | Mock Test 7

1 / 50

Position limit for EURUSD at trading member level is?

2 / 50

Which of the following derivatives have the largest market size globally?

3 / 50

If the long-term rate is 10% and short-term rate is 8%, the shape of term structure of rates is ___________.

4 / 50

Person goes short in a futures contract at Rs.100 and on expiry underlying price is Rs.101, he will ________.

5 / 50

As a Risk Reduction Measure, all unexecuted orders shall be cancelled once stock
broker breaches ____ collateral utilization level.

6 / 50

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

7 / 50

A Buy or a Sell order(s) which is/ are lying unmatched in the order book are known as
________________.

8 / 50

The concept of “accrued interest” applies to which of the following?

9 / 50

A ________ order is classified as price related condition.

10 / 50

Due to denial of matched orders by client/s, which type of risk arises?

11 / 50

_______ are derivatives with underlying as theoretical bond and not a physical bond.

12 / 50

Which of the following is the role of derivatives?

13 / 50

 Daily Mark to market settlement of Exchange traded currency future contract is
…..........

14 / 50

If you expect the USD will appreciate against INR in future, today you should_________.

15 / 50

The loan rate is typically linked to the lending bank's _______.

16 / 50

If the coupon of the bond increases, its Modified Duration will __________. (Other things remaining constant).

17 / 50

Which of the following is interest rate derivative?

18 / 50

Execution of Power of attorney by the client in favour of stock broker is _________.

19 / 50

The difference between option premium and intrinsic value is __________.

20 / 50

A person has invested USD 100,000 in US equities with a view of appreciation of US
stock market. In next one year, his investments in US equities appreciated in value to
USD 120,000. The investor decided to sell off his portfolio and repatriate the capital
and profits to India. At the time of investing abroad the exchange rate was 74.5 and
at the time of converting USD back into INR, he received an exchange rate of 76.00.
How much is the return on investment in USD and in INR respectively?

21 / 50

What is the Base Minimum Capital requirement specified by the SEBI for only
Proprietary trading without Algorithmic trading (Algo)?

22 / 50

A person has invested INR 100,000 in an Indian corporate bond for a year giving a
return of 16% in one year. The person plans to use the proceeds from the maturity of
corporate bond to fund his son's education on US. At the time of investing in the
corporate bond, USDINR spot rate was 70 and one year premium was 4%. The person
decides to hedge currency risk using USDINR one year futures. At the end of one year,
how many USD can this person remit to his son.

23 / 50

Total number of derivatives contracts outstanding is called __________

24 / 50

In the clearing corporation, clearing is carried out by a process called __________
netting?

25 / 50

Which of the following segments of market participants are allowed to become
member of Currency Derivatives of Exchange?

26 / 50

Credit spread is the price of ___________.

27 / 50

Interoperability of clearing corporation framework is allowed all the products
available in the Indian securities markets, EXCEPT:

28 / 50

If participant buy 10 lot of single bond futures at Rs. 99, then contract value _________.

29 / 50

An option is _________, if on exercising it, the option buyer gets positive cash flow.

30 / 50

Guidance Notes on Accounting for Derivatives Contract recognize following type of
hedging for hedge accounting.

31 / 50

Which of the following segments of market participants are allowed to trade in
currency futures?

32 / 50

Arbitration is a ________ judicial process.

33 / 50

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

34 / 50

If the base rate of GBPINR one month future is Rs. 100 then its operating range will be
_______.

35 / 50

Which of the following has higher credit risk?

36 / 50

Loss on derivative transactions which are carried out in a “recognized stock exchange”
can be set off against any other income during the year except _________.

37 / 50

A client buys a USD call option at strike of 75.5 and pays a premium of INR 0.3. What
would be the breakeven point for the transaction?

38 / 50

Loss on derivative transactions which are carried out in a “recognized stock exchange”
can be carried forward for period ________ assessment years

39 / 50

In OTC market, one month USDINR is quoting at 74.75/75.00 and futures for same
maturity is quoting at 75.50/75.60. Which of the following describes possible
arbitrage trade and possible arbitrage profit per USD if the arbitrage trade is carried
until maturity?

40 / 50

Which of the following is the last trading day for cash settled 10-year bond futures?

41 / 50

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

42 / 50

In Bullish vertical spread using put strategy, trader _________?

43 / 50

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

44 / 50

Investors can have grievances against _______________.

45 / 50

Usually, income from Exchange traded derivatives is treated as _________.

46 / 50

__________ take position in Interest Rate Derivatives to reduce interest rate risk.

47 / 50

Client can place order through following options ________?

48 / 50

Fund created to take care of legitimate investment claims

49 / 50

The price which option buyer pays to option seller to acquire the right is called as ________.

50 / 50

The price which option buyer pays to option seller to acquire the right is called as
________.

Your score is

The average score is 73%

0%

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
Mock Test 1  |  Mock Test 2  |  Mock Test 3  |  Mock Test 4  |  Mock Test 5  |  Mock Test 6  |  Mock Test 7  |  Mock Test 8  |  Mock Test 9 Mock Test 10

For the latest and most accurate information, please visit the NISM website at https://certifications.nism.ac.in/nismaol/.