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DM Mock Test 14 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

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10/21/2017 10:52:43 AM

Total Questions  60

Pass Marks is 55%

Time Left : 00:00:00 Hrs


Question 1 :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 2000 units at the rate of 1260 The second client buys 2000 units at the rate of Rs 1255 and sells 1000 units at the rate of Rs 1260 [Mark 3]

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 :The market impact cost on a trade of Rs 5 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 4200 a buy order of that value will go through at a price of Rs _______ [Mark 3]

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 :A stock is currently selling at Rs 50 The call option to buy the stock at Rs 45 costs Rs 9 What is the time value of the option [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 :On 15th January Raju bought a January Nifty futures contract which cost him Rs 334500 For this he had to pay an initial margin of Rs 31520 to his broker Each Nifty futures contract is for delivery of 100 Nifties On 25th January the index closed at 3360 How much profit and loss did he make [Mark 3]

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

Question 9 :The initial margin amount is large enough to cover a one day loss that can be encountered on ______ percent of the days [Mark 2]

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

Question 12 :Index options on the S and P CNX Nifty can be exercised __________ [Mark 2]

Question 13 :The trading members contribute to Investors Protection Fund of F and O segment at the rate of [Mark 3]

Question 14 :A stock broker applies for registration to SEBI _________ [Mark 1]

Question 15 :Each user of the trading member in F and O segment of NSEIL is assigned a unique _________ID [Mark 1]

Question 16 :The NEAT F and O trading system [Mark 1]

Question 17 :The trading member position limits in equity index option contracts is higher of [Mark 3]

Question 18 :Which of the following is not the duty of the trading member [Mark 2]

Question 19 :Currently Nifty future lot size is 50, this is with effect from [Mark 2]

Question 20 :If the annual risk free rate is 10 percent then the r used in the Black Scholes formula should be [Mark 2]

Question 21 :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 22 :Assume that the base value of a market capitalization weighted index were 1000 and the base market capitalisation were Rs 35000 crore If the current market capitalisation is Rs 77000 crore the index is at Rs __________ [Mark 2]

Question 23 :Financial Derivatives came into spotlight in the post_____ [Mark 1]

Question 24 :Which of the following is required for personnel working in the industry in order to dispense quality intermediation [Mark 2]

Question 25 :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 26 :The spot price of TISCO is Rs 2050 and the cost of financing is 10 percent What is the fair price of a one month futures contract on TISCO [Mark 3]

Question 27 :The potential return on a future transaction is_________ [Mark 1]

Question 28 :Which of the following should be disclosed separately for long and short positions in respect of each series of equity index futures as of the balance sheet date [Mark 2]

Question 29 :Open interest is calculated by looking at either the total number of outstanding long or short positions and not both [Mark 1]

Question 30 :Mr A sells a futures contract of Ms XYZ Ltd, Lot Size 1000, expiring on 29 Sep 2005 for Rs 300 and the spot price of the share is Rs 290 The securities transaction tax thereon would be [Mark 3]

Question 31 :NSCCL offers settlement of funds through _______ clearing banks [Mark 1]

Question 32 :An authorised person in the Futures and Options segment is [Mark 2]

Question 33 :Exchange Traded funds or ETFs first came into existence in__________ [Mark 2]

Question 34 :The maximum brokerage chargeable by a trading member in relation to trades effected in the contracts admitted to dealing on the F and O segment of NSEIL is fixed at ______ of the contract value exclusive of statutory levies [Mark 2]

Question 35 :As per SEBI committee on derivatives, minimum contract value shall not be less then ___________ [Mark 2]

Question 36 :To be eligible for options trading the market wide position limit in the stock should not be less than Rs. ___________ [Mark 2]

Question 37 :If the beta of any stock is not known then it is safe to assume it [Mark 1]

Question 38 :The most critical component of risk containment mechanism is the [Mark 1]

Question 39 :The Beta of the portfolio is 1, the return on the portfolio tends to reflect the return on the market [Mark 1]

Question 40 :Every recognized stock exchange shall furnish copy of Annual Report to [Mark 2]

Question 41 :For risk management by NSCCL which of the following is or are true [Mark 2]

Question 42 :The first exchange that traded financial derivatives [Mark 1]

Question 43 :Specification by NSCCL for the initial margin requirements for each derivative contract is on a _____________ [Mark 2]

Question 44 :In a normal market, the basis will be positive [Mark 1]

Question 45 :Participant may trade through multiple trading members but settle through a ___________ [Mark 1]

Question 46 :Maintenance Margin is somewhat lower then initial margin [Mark 1]

Question 47 :Which of the following can become the professional clearing member [Mark 1]

Question 48 :The amount of asset that has be delivered under one contract is known as contract size [Mark 1]

Question 49 :A clearing member who is not a trading member is known as _________ [Mark 1]

Question 50 :The period over which a contract trades is known as Contract cycle [Mark 1]

Question 51 :VaR methodology seeks to measure the amount of value that a portfolio may stand to lose within a certain horizon time period due to potential changes in ________ [Mark 1]

Question 52 :The relationship between futures prices and spot prices can be summarized in terms of ____________ [Mark 1]

Question 53 :Contract note is signed by the _____ [Mark 1]

Question 54 :The person who is acknowledged as father of financial futures was___________ [Mark 1]

Question 55 :Sigma in Black Scholes equation is a measure of liquidity [Mark 1]

Question 56 :To be eligible for options trading, the market wide position limit in the stock should not be less than Rs ___________ [Mark 2]

Question 57 :NSCCLs online position monitoring system monitors open position of _____________on a real time basis [Mark 1]

Question 58 :The objective of NSCCL SPAN is to __________ [Mark 2]

Question 59 :Which of the following should be disclosed separately for long and short positions in respect of each series of index futures as of the balance sheet date [Mark 1]

Question 60 :Margin in the F and O segment is computed by NSCCL up to ___________ [Mark 1]