Sample Questions
NISM-Series-13: Common Derivatives Mock Test — 5 random MCQs with answers & explanations
← Back to NISM-Series-13: Common Derivatives Mock TestThese 5 questions are randomly selected (standard MCQs only, not case-based).
Q1 In futures market, basis means:
Explanation:
Basis = Spot Price – Futures Price (or vice versa). It shows the difference between spot and futures prices.
Marks: 1
Q2 A statistical tool that measures changes in the overall economy or a specific market is an:
Explanation:
An index is a statistical indicator used to track performance in markets or sectors.
Marks: 1
Q3 What are the four "building block" products of the derivative market?
Explanation:
Almost all derivatives are made using these four basic types: Forwards, Futures, Swaps, or Options.
Marks: 1
Q4 A trader sells 20 lots of USDINR futures at 83.20. If the INR depreciates by 60 ticks, what is the profit or loss?
Explanation:
INR depreciation means the USD price went up. Since he sold first, a higher price causes a loss. 60 ticks * 0.0025 * 20,000.
Marks: 1
Q5 An investor buys two futures contracts at Rs 600 and sells them at Rs 607. Lot size is 2000 shares per contract. What is the total profit?
Explanation:
Profit per share = Rs 7. Total shares = 2 × 2000 = 4000. So total profit = 4000 × 7 = Rs 28,000.
Marks: 1
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