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DM Mock Test 12 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

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5/22/2019 6:11:21 AM

Total Questions  60

Pass Marks is 55%

Time Left : 00:00:00 Hrs


Question 1 :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 2 :_______ gives the buyer the right, but not the obligation to buy a given quantity of underlying asset at a given price on or before a given future date [Mark 2]

Question 3 :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 4 :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 5 :FII can take short positions in index derivatives not exceeding, in notional value the FIIs holding of stocks [Mark 1]

Question 6 :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 3]

Question 7 :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 3]

Question 8 :Position left open on the balance sheet date must be accounted for [Mark 1]

Question 9 :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 10 :For Accounting the open positions, Debit or Credit balance in the M T M margin Equity Index futures account maintained on the [Mark 1]

Question 11 :A trading member allowed to clear his own trades only is known as _________ [Mark 2]

Question 12 :The trading members contribute to Investors Protection Fund of F and O segment at the rate of [Mark 3]

Question 13 :The futures price is ________ [Mark 2]

Question 14 :Each user of the trading member in F and O segment of NSEIL is assigned a unique _________ID [Mark 1]

Question 15 :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 16 :The trading member position limits in equity index option contracts is higher of [Mark 2]

Question 17 :On expiry the settlement price of an index futures contract is [Mark 2]

Question 18 :Currently Nifty future lot size is 50, this is with effect from [Mark 2]

Question 19 :At the balance sheet date the balance in the initial margin equity index futures account should be shown separately under the head [Mark 2]

Question 20 :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 21 :Around 60 percent of the trading volume on the American Stock Exchange is from __________ [Mark 1]

Question 22 :Financial Derivatives came into spotlight in the post_____ [Mark 1]

Question 23 :The closing price of the underlying index or security is its_______in the Capital Market segment of NSE [Mark 2]

Question 24 :Rajat sells 1000 shares of ABC Ltd at Rs 190 and get a full hedge by buying 300 index futures at Rs 972 each, He closes out his position at the closing price of the next day, at this point ABC Ltd, has risen 5 percent and Index future has gone up by 4 percent, What is Rajats Pay off [Mark 3]

Question 25 :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 26 :The potential return on a future transaction is_________ [Mark 1]

Question 27 :The clearing member/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 28 :Open interest is calculated by looking at either the total number of outstanding long or short positions and not both [Mark 1]

Question 29 :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 30 :NSCCL offers settlement of funds through _______ clearing banks [Mark 1]

Question 31 :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 32 :Exchange Traded funds or ETFs first came into existence in__________ [Mark 2]

Question 33 :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 34 :As per SEBI committee on derivatives, minimum contract value shall not be less then ___________ [Mark 2]

Question 35 :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 2]

Question 36 :If the beta of any stock is not known then it is safe to assume it [Mark 1]

Question 37 :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 38 :The Beta of the portfolio is 1, the return on the portfolio tends to reflect the return on the market [Mark 1]

Question 39 :A separate settlement guarantee fund for F and O segment has been created out of the [Mark 2]

Question 40 :The first exchange that traded financial derivatives [Mark 1]

Question 41 :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 42 :In a normal market, the basis will be positive [Mark 1]

Question 43 :Limits are set for each CM based on his ____________ [Mark 1]

Question 44 :Maintenance Margin is somewhat lower then initial margin [Mark 1]

Question 45 :On expiry date of derivative contract the settlement price will be [Mark 1]

Question 46 :The amount of asset that has be delivered under one contract is known as contract size [Mark 1]

Question 47 :A participant is a client of _________ [Mark 1]

Question 48 :The period over which a contract trades is known as Contract cycle [Mark 1]

Question 49 :An option to buy or sell a swap that becomes operative at the expiry of the option,is called a [Mark 1]

Question 50 :The relationship between futures prices and spot prices can be summarized in terms of ____________ [Mark 1]

Question 51 :The NEAT F and O system orders match _________ [Mark 1]

Question 52 :The person who is acknowledged as father of financial futures was___________ [Mark 1]

Question 53 :The NEAT F and O system supports _______ [Mark 1]

Question 54 :To be eligible for options trading, the market wide position limit in the stock should not be less than Rs ___________ [Mark 2]

Question 55 :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 3]

Question 56 :The objective of NSCCL SPAN is to __________ [Mark 2]

Question 57 :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 58 :Margin in the F and O segment is computed by NSCCL up to ___________ [Mark 1]

Question 59 :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 60 :The complex calculations, like pricing of options, in SPAN are executed by ____________ and results of these calculations are called _____________ [Mark 2]