NISM Currency Derivatives - 9
nism-currency-derivatives-9
Mock Test with Answer key - Click Here >>
Q (1):
The lot size of JPYINR futures contract is ____.
1,00,000 JPY
10,000 JPY
1000 INR
10,000 INR
Q (2):
When you buy a PUT option, it means you have a right to buy the underlying asset.
True
False
Q (3):
A trader in the currency markets buys a long position in EURINR futures contract at a price of 65.40 and buys 40 lots of the same. At expiry, the settlement price is announced at 65.60. How much profit (+) or loss (-) does he make?
Profit of 8
Profit of 800
Profit of 8000
Loss of 800
Q (4):
A trader wants to buy USDINR one month future at 54.50 when the current price is 54.75. As he is entering the limit order, the price is fluctuating between 54.40 and 54.80. At what price is the order likely to get executed?
54.75
Any price between 54.40 and 54.80
At or below 54.50
54.8
Q (5):
At 11 am, USDINR was quoting at 56.40/56.60. At 3 pm it was quoting at 56.50/56.70. What would best describe currency move during the day?
INR has appreciated against USD by 10 paise
USD has appreciated against INR by 10 paise
INR has appreciated
USD has appreciated
Q (6):
If one year interest rate is 2% in UK and 8 % in India. If current GBPINR spot rate is 70, which of the following could be closest to the six month future rate of GBPINR?
73.1
72.8
72.06
71.8
Q (7):
Mr. Shastri invested Rs 200000 in US Shares when the USDINR rate was 60 After three years his investments were down by 6%. He sold of these shares and repatriated the money back to India at the then existing rate of USDINR at 63. What would be his real yearly returnsin INR.
1.30% Loss
0.43 % Loss
1.30 % Profit
0.43 % Profit
Q (8):
Suresh executes the following currency futures trade , Sells GBPINR and Buys EURINR for an equivalent amount. What view has he executed?
INR appreciation against GBP
INR depreciation against GBP
EUR appreciation against GBP
EUR depreciation against GBP
Q (9):
The one year interest rate in USD is 2 % and is 9 % in India. Assume the spot rate is 60 and the one year future price is 62.50. If the interest rate gap between US and India widens and other things remain the same, what will be the one year future price ?
Same as 62.50
Higher than 62.50
Lower than 62.50
Q (10):
The Profit or Loss for an Option Writer is unlimited - True or False ?
True
False
Q (11):
______ recommended introduction of exchange traded currency futures in India.
NSE Currency Futures Committee
RBI-SEBI Standing Technical Committee
Ministry of Finance
Currency Futures Standing Committee
Q (12):
A currency futures position at one maturity which is hedged by an offsetting position at a different maturity is called as a Delta Hedging - True or False ?
True
False
Q (13):
As per the Foreign Exchange Management Act an 'AD Category 1' bank can have a maximum net NPA of __ % to become a Trading and Clearing Member of currency futures segment at a recognised stock exchange.
4%
4.80%
3%
2.50%
Q (14):
As per the Foreign Exchange Management Act an 'AD Category 1' bank can have a minimum capital adequacy (CAR) ratio __ % to become a Trading and Clearing Member of currency futures segment at a recognised stock exchange.
8%
10%
16%
20%
Q (15):
If 5 units of gold was valued at USD 5000 and 5 units of gold was valued at GBP 3250, then as per the gold standard system what is the value of GBP in terms of USD
0.65
1.23
1.54
2.6