NISM Series XIII: Common Derivatives Certification Exam

FREE Mock Test!

🎯 Preparing for the NISM Series XIII: Common Derivatives Certification Exam?
📘 Take your prep to the next level with our FREE Mock Test!

✅ Real exam-like questions
✅ Instant results & detailed explanations
✅ 100% free – no registration required

🎓 Perfect for aspiring traders, finance students, and market professionals!

NISM Series XIII Mock Test 1

Here are 50 sample MCQs to help you prepare for the NISM Series XIII: Common Derivatives Certification Examination.

1 / 50

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

2 / 50

2. Option premium is:

3 / 50

3. The initial margin is collected to:

4 / 50

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

5 / 50

5. Exposure margin is collected for:

6 / 50

6. Arbitrage means:

7 / 50

7. A derivative derives its value from:

8 / 50

8. Which one of the following statements is FALSE?

9 / 50

9. A covered call strategy involves:

10 / 50

10. A speculator aims to:

11 / 50

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

12 / 50

12. Futures contracts are:

13 / 50

13. Futures trading helps in:

14 / 50

14. Which of the following is a bullish strategy?

15 / 50

15. Intrinsic value of a call option =

16 / 50

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

17 / 50

17. Protective put strategy includes:

18 / 50

18. Mark-to-market losses are settled:

19 / 50

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

20 / 50

20. In India, index derivatives are available on:

21 / 50

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

22 / 50

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

23 / 50

23. Who is a hedger in the derivatives market?

24 / 50

24. Mark-to-market margin is calculated:

25 / 50

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

26 / 50

26. A put option becomes profitable when:

27 / 50

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

28 / 50

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

29 / 50

29. Maximum loss for a short straddle is:

30 / 50

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

31 / 50

31. Option premium increases with:

32 / 50

32. Long straddle involves

33 / 50

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

34 / 50

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

35 / 50

35. Which strategy profits from low volatility?

36 / 50

36. A long futures position means:

37 / 50

37. Margin money in futures contracts is meant to:

38 / 50

38. Which of the following is a derivative instrument?

39 / 50

39. Index derivatives are based on:

40 / 50

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

41 / 50

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

42 / 50

42. A call option gives the holder the:

43 / 50

43. At-the-money option means:

44 / 50

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

45 / 50

45. Hedging using futures helps to:

46 / 50

46. Shorting in derivatives means:

47 / 50

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

48 / 50

48. Profit for call option buyer =

49 / 50

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

50 / 50

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

Your score is

The average score is 72%

0%

This 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!

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

List of NISM Certification Exams