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DM Mock Test 15 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

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10/21/2017 5:58:14 PM

Total Questions  60

Pass Marks is 55%

Time Left : 00:00:00 Hrs


Question 1 :Corporate Actions can be broadly classified under_____________ [Mark 1]

Question 2 :FII can take short positions in index derivatives not exceeding, in notional value the FIIs holding of stocks [Mark 1]

Question 3 :Which of the following factors affect the value of the option [Mark 2]

Question 4 :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 5 :An authorized person in the Futures and Options segment is ___________ [Mark 2]

Question 6 :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 1]

Question 7 :The option price is the _______ [Mark 2]

Question 8 :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 9 :Immediate or cancel is an order which will automatically __________ in F and O segment of NSEIL [Mark 2]

Question 10 :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 11 :The futures price is __________ [Mark 2]

Question 12 :A trading member allowed to clear his own trades only is known as _________ [Mark 1]

Question 13 :The index futures contracts on the NSE have __________ [Mark 3]

Question 14 :The futures price is ________ [Mark 2]

Question 15 :The last day on which the contract will be traded, at the end of which it will cease to exist is called expiry date [Mark 1]

Question 16 :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 17 :The amount that must be deposited in the margin account at the time a futures contract is first entered into is known as___________ [Mark 1]

Question 18 :On expiry the settlement price of an index futures contract is [Mark 2]

Question 19 :In the futures market, at the end of each trading day, the margin account adjusted to reflect the investors gain or loss depending upon the futures closing price, This is called [Mark 1]

Question 20 :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 21 :In the context of financial futures contract, there will be different basis for each delivery month [Mark 1]

Question 22 :Around 60 percent of the trading volume on the American Stock Exchange is from __________ [Mark 1]

Question 23 :Ashok has a portfolio worth Rs 1 million, which has a beta of 1 point 2 a complete hedge would be [Mark 3]

Question 24 :The closing price of the underlying index or security is its_______in the Capital Market segment of NSE [Mark 2]

Question 25 :The beta of index is considered as [Mark 1]

Question 26 :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 27 :The beta measures [Mark 2]

Question 28 :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 29 :SPDRs or Spiders, which is an ETF is based on which index [Mark 2]

Question 30 :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 31 :The closing price of the underlying index or security is its ____________ in the Capital Market segment of NSE [Mark 3]

Question 32 :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 33 :The Margining system in F and O segment is based on __________ committee recommendations [Mark 1]

Question 34 :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 35 :Which exchange was the first to start trading financial futures [Mark 2]

Question 36 :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 37 :In the option contract, the option lies with the ________ [Mark 1]

Question 38 :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 39 :LEAPS having maturity upto_____years [Mark 1]

Question 40 :A separate settlement guarantee fund for F and O segment has been created out of the [Mark 1]

Question 41 :Derivative products initially emerged as hedging devices against fluctuations in the commodity prices [Mark 1]

Question 42 :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 43 :Finance Act, No 2, 2004 has introduced_________________ on all derivative transactions entered into in a recognized stock exchange [Mark 1]

Question 44 :Limits are set for each CM based on his ____________ [Mark 1]

Question 45 :In case of options, final exercise settlement is [Mark 1]

Question 46 :On expiry date of derivative contract the settlement price will be [Mark 1]

Question 47 :Currently, the contract size on NSEs futures market is ____ Nifties [Mark 1]

Question 48 :A participant is a client of _________ [Mark 1]

Question 49 :The rate of tax applicable on derivatives has been revised to ______ of the value of the taxable securities transaction by Finance Act, 2006 [Mark 2]

Question 50 :An option to buy or sell a swap that becomes operative at the expiry of the option,is called a [Mark 1]

Question 51 :You have bought a portfolio of securities on the exchange, To eliminate the risk arising out of market, you should _____ [Mark 2]

Question 52 :The NEAT F and O system orders match _________ [Mark 1]

Question 53 :Anuj sold ABC Ltd call with strike Rs 240 and this call option is costing him Rs 25, If the market lot size of ABC Ltd is 1200, what will be his pay off if he purchase the call at Rs 30 [Mark 3]

Question 54 :The NEAT F and O system supports _______ [Mark 1]

Question 55 :F and O Segment has a Basket trading facility [Mark 1]

Question 56 :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 57 :The maximum brokerage chargeable by a trading member in relation to trades affected 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 58 :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 59 :What is displayed in the NEAT Ticker Screen [Mark 2]

Question 60 :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]