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DM Mock Test 11 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

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5/22/2019 5:51:37 AM

Total Questions  60

Pass Marks is 55%

Time Left : 00:00:00 Hrs


Question 1 :Open interest is calculated by looking at either the total number of outstanding long or short positions and not both [Mark 1]

Question 2 :Santosh is bearish about ABC Ltd and sells ten one month ABC Ltd futures contracts at Rs 296000 On the last Thursday of the month ABC Ltd closes at Rs 310 He makes a _________, assume one lot is equal to 100 [Mark 3]

Question 3 :Which exchange was the first to start trading financial futures [Mark 2]

Question 4 :On expiry the settlement price of an index futures contract is [Mark 2]

Question 5 :In the option contract the option lies with the ________ [Mark 2]

Question 6 :At the balance sheet date the balance in the initial margin equity index futures account should be shown separately under the head [Mark 1]

Question 7 :LEAPS having maturity upto _____ years [Mark 1]

Question 8 :Around 60 percent of the trading volume on the American Stock Exchange is from __________ [Mark 1]

Question 9 :Derivative products initially emerged as hedging devices against fluctuations in the commodity prices [Mark 1]

Question 10 :The closing price of the underlying index or security is its_______in the Capital Market segment of NSE [Mark 2]

Question 11 :You bought December ABC Ltd future at Rs 260 and lot size is 1200 if you sell it at Rs 230 what will be your pay off [Mark 3]

Question 12 :Cyrus is short 600 WIPRO July Puts at strike Rs 1520 for a premium of Rs 33 each on July 22 2002 On July 25 2002, the expiration day of the contract, the spot price of WIPRO closes at Rs 1553 while the July futures on WIPRO close at 1555 Does Cyrus have an obligation to the Clearing Corporation on his positions and how much if any [Mark 2]

Question 13 :Currently Nifty future lot size is 50 this is with effect from [Mark 2]

Question 14 :The clearing member or trading member is required to disclose to the clearing corporation details of any person or persons acting in concert who together own _____ percent or more of the open interest of all futures and options contracts on a particular underlying index on the stock exchange [Mark 1]

Question 15 :The trading member position limits in equity index option contracts is higher of [Mark 3]

Question 16 :An index put option at a strike of Rs 2176 is selling at a premium of Rs 18 At what index level will it break even for the buyer of the option [Mark 2]

Question 17 :Each user of the trading member in F and O segment of NSEIL is assigned a unique _________ ID [Mark 1]

Question 18 :The market impact cost on a trade of Rs 3 million of the S and P CNX Nifty works out to be about 0 point 05 percent This means that if S and P CNX Nifty is at 2000 and a sell order of that value will go through at a price of Rs_________ [Mark 3]

Question 19 :The trading members contribute to Investors Protection Fund of F and O segment at the rate of [Mark 3]

Question 20 :Ms Shetty has sold 600 calls on DR REDDYS LAB at a strike price of Rs 992 for a premium of Rs 25 per call on April 1 2002 The closing price of equity shares of DR REDDYS LAB is Rs 994 on that day If the call option is assigned against her on that day what is her net obligation on April 01 2002 [Mark 3]

Question 21 :For Accounting the open positions Debit or Credit balance in the M T M margin Equity Index futures account maintained on the [Mark 2]

Question 22 :You are the owner of a 2 million portfolio with a beta 1 You would like to insure your portfolio against a fall in the index of magnitude higher than 15 percent Spot Nifty stands at 2200 and Put options on the Nifty are available at three strike prices Which strike will give you the insurance you want [Mark 3]

Question 23 :Position left open on the balance sheet date must be accounted for [Mark 1]

Question 24 :A stock is currently selling at Rs 70 The put option to sell the stock at Rs 75 costs Rs 12 What is the time value of the option [Mark 2]

Question 25 :In case a Future Contract is not traded in a day which of the following prices is reckoned for daily mark to market settlement [Mark 2]

Question 26 :A separate settlement guarantee fund for F and O segment has been created out of the [Mark 2]

Question 27 :The Margin which takes care that all daily losses must be met by the investor by depositing of further collateral by the close of business; the following day is known as _________ [Mark 1]

Question 28 :Clearing members are provided a trading terminal for the purpose of monitoring the_________ of all the trading members clearing and settling through him [Mark 1]

Question 29 :Mr A sells a futures contract of Ms XYZ Ltd Lot Size 1000 expiring on 29 Sep 2005 for Rs 300 The spot price of the share is Rs 290 The securities transaction tax thereon would be [Mark 2]

Question 30 :Limits are set for each CM based on his ____________ [Mark 1]

Question 31 :Current price of ABC Ltd is Rs 272 If 250 strike call is quoted at Rs 60 What is the intrinsic value [Mark 3]

Question 32 :On expiry date of derivative contract the settlement price will be [Mark 1]

Question 33 :Ask means the ________ [Mark 1]

Question 34 :A participant is a client of _________ [Mark 1]

Question 35 :Nifty index is used in _________ [Mark 1]

Question 36 :An option to buy or sell a swap that becomes operative at the expiry of the option,is called a [Mark 1]

Question 37 :The fair value of futures contract is calculated on the basis of [Mark 1]

Question 38 :The NEAT F and O system supports _______ [Mark 1]

Question 39 :The interest rate per annum is 11 percent the value of r in Black Scholes equation [Mark 3]

Question 40 :The NEAT F and O system orders match _________ [Mark 1]

Question 41 :Fund settlement in the F and O segment of NSE takes place through [Mark 1]

Question 42 :ABC Ltd trades at Rs 2000 in the spot market and two month ABC futures trades at 2050 If the transactions costs incurred are 0 point 2 percent What is the arbitrage return possible [Mark 2]

Question 43 :The exchange may consider introducing stock options and stock futures on a stock of a company which is coming out with IPO at the time of listing if net public offer is [Mark 2]

Question 44 :The________ of an option is a measure of change in option price with respect to change in price of the underlying asset [Mark 1]

Question 45 :The eligibility of a stock or index for trading in Derivatives segment is based upon the criteria laid down by [Mark 1]

Question 46 :If the sigma on an annual basis in Black Schools equation is 2 point 3 Calculate the sigma on daily basis Consider there are 250 trading days in a year [Mark 2]

Question 47 :The value of taxable securities transaction relating to option in securities is the [Mark 2]

Question 48 :The futures price is ________ [Mark 2]

Question 49 :For selecting stocks and indices on which Futures and Options contracts would be introduced [Mark 2]

Question 50 :A trading member allowed to clear his own trades only is known as _________ [Mark 1]

Question 51 :Mutual funds are allowed to participate in the derivatives market at par with FIIs [Mark 1]

Question 52 :What is the outstanding position on which initial margin will be levied if no proprietary trading is done and the details of client trading are: one client buys 500 units at the rate of 1260 The second client buys 900 units at the rate of Rs 1255 and sells 1000 units at the rate of Rs 1260 [Mark 3]

Question 53 :By the use of derivative products it is possible to [Mark 1]

Question 54 :You are the owner of a 4 million portfolio with a beta 1 You would like to insure your portfolio against a fall in the index of magnitude higher than 12 percent Spot Nifty stands at 4200 Put options on the Nifty are available at three strike prices Which strike will give you the insurance you want [Mark 2]

Question 55 :Key elements of the risk containment system are the [Mark 1]

Question 56 :The beta of ACC is 0 point 5 A person has a long TELCO position of Rs 900000 coupled with a short nifty position of Rs 500000 Which of the following is TRUE [Mark 2]

Question 57 :OTC futures contracts are called [Mark 1]

Question 58 :Which of the following price is used to calculate MTM of a futures contract in case it is not traded on a given day [Mark 1]

Question 59 :T plus 1 type of settlement in the equity derivative segment is an example of [Mark 1]

Question 60 :FII can take short positions in index derivatives not exceeding in notional value, the FIIs holding of stocks [Mark 1]