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DM Mock Test 17 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

Please do not refersh or reload this page

12/16/2017 12:37:18 PM

Total Questions  60
 

Pass Marks is 55%

Time Left : 00:00:00 Hrs

 


Question 1 :Assume that the base value of a market capitalization weighted index were 1000 and the base market capitalisation were Rs 70,000 crore, If the current market capitalisation is Rs 140,000 crore, the index is at Rs ____ [Mark 1]





Question 2 :The very nature of the financial markets is [Mark 2]





Question 3 :Cyrus is short 800 WIPRO July Puts at strike Rs 1520 for a premium of Rs 43 each on July 22, On July 25, the expiration day of the contract, the spot price of WIPRO closes at Rs 1553, while the July futures on WIPRO close at 1655, Does Cyrus have an obligation to the Clearing Corporation on his positions, and how much, if any [Mark 3]





Question 4 :On the NSEs NEAT F and O system matching takes place at [Mark 1]





Question 5 :On 1st January, a three month call option on the Nifty with a strike of 4280 is available for trading, The T that is used in the Black Scholes formula should be _______ [Mark 2]





Question 6 :________ 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 1]





Question 7 :Nifty is a ________ index [Mark 1]





Question 8 :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 9 :Which of the following is the duty of the trading member [Mark 2]





Question 10 :Financial Derivatives came into spotlight in the post______ [Mark 1]





Question 11 :Ms Shetty has sold 5000 calls on ABC Ltd at a strike price of Rs 500 for a premium of Rs 25 per call on April 1, The closing price of equity shares of ABC Ltd is Rs 505 on that day, If the call option is assigned against her on that day, what is her net obligation on April 01 [Mark 3]





Question 12 :The closing price of the underlying index or security is its___________ in the Capital Market segment of NSE [Mark 3]





Question 13 :Futures have a _______ pay off [Mark 1]





Question 14 :In the context of financial futures contract, there will be different basis for each delivery month [Mark 1]



Question 15 :The beta of ICICI Bank is 1 point 5, A person has a long position of Rs 400,000 of ICICI Bank, Which of the following gives a complete hedge [Mark 3]





Question 16 :Immediate or cancel is an order which will automatically __________ in F and O segment of NSEIL [Mark 3]





Question 17 :Reliance Industries Ltd does not have a Beta value, True or False [Mark 1]



Question 18 :At expiration, an option should have ___________ [Mark 2]





Question 19 :What is the outstanding position on which initial margin will be levied if no proprietary trading is d one and the details of client trading are, one client buys 1000 units at the rate 1260, The second client buys 1000 units at the rate Rs 1255 and sells 1000 units at the rate Rs 1260 [Mark 2]





Question 20 :The NEAT F and O system supports __________ [Mark 1]




Question 21 :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 04 percent, This means that if S and P CNX Nifty is at 4100, a sell order of that value will go through at a price of Rs _______ [Mark 2]





Question 22 :Market inquiry screen can be invoked by using which of the following keys [Mark 1]





Question 23 :On expiry the settlement price of a stock option contract is the ________[Mark 2]





Question 24 :A separate settlement guarantee fund for F and O segment has been created out of the _________ [Mark 1]




Question 25 :CNX IT is a derivatives contract on NSE, True or False [Mark 1]



Question 26 :Vinay is short 600 ABC Ltd May Puts at strike Rs 1520 for a premium of Rs 33 each on May 29, 2007, On May 31, 2007 the expiration day of the contract, the spot price of ABC closes at Rs 1553, while the July futures on ABC close at 1555, Does Vinay have an obligation to the Clearing Corporation on his positions, and if any, how much [Mark 3]





Question 27 :Ms Shetty has sold 1000 calls on ABC Ltd at a strike price of Rs 885 for a premium of Rs 27 per call on April 1, The closing price of equity shares of ABC Ltd is Rs 890 on that day, If the call option is assigned against her on that day, what is her net obligation on April 01 [Mark 3]





Question 28 :T plus 1 type of settlement in the equity derivative segment is an example of [Mark 2]





Question 29 :A receiver swaption is an option to receive ______ and pay ______ [Mark 2]





Question 30 :OTC futures contracts are called [Mark 2]





Question 31 :Forward contracts are ________ contracts [Mark 1]





Question 32 :Key elements of the risk containment system are the [Mark 1]




Question 33 :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 1260, The second client buys 900 units at the rate Rs 1255 and sells 1000 units at the rate Rs 1260 [Mark 2]





Question 34 :By the use of derivative products, it is possible to [Mark 1]




Question 35 :A stock is currently selling at Rs 165, The put option at Rs 163 strike price costs Rs 3, What is the time value of the option [Mark 1]





Question 36 :The eligibility of a stock and index for trading in Derivatives segment is based upon the criteria laid down by [Mark 1]





Question 37 :Which of the following can not be an underlying for a financial derivative [Mark 1]





Question 38 :The stock shall be chosen in terms of [Mark 3]





Question 39 :Which of the following is or are true [Mark 3]





Question 40 :On NSEs options market, until the buyer pays in the premium, the premium due is deducted from the available ____________ on a real time basis [Mark 1]





Question 41 :For option, which of the following is true [Mark 2]





Question 42 :The final option exercise settlement in case of stock option is on _______ [Mark 2]





Question 43 :_______ order allows the user to execute a contract as soon as it is entered into the system, failing which the order is immediately cancelled from the system [Mark 1]





Question 44 :Intrinsic value of an option can be negative [Mark 1]



Question 45 :_____________ are the options that can be exercised at any time upto the expiration date [Mark 2]





Question 46 :ABC Ltd is trades in the spot market at the rate Rs 2510, Money can be invested at the rate 9 percent pa, the fair value of a one month futures contract on ABC would be [Mark 1]





Question 47 :The price specified in the options contract is known as the ____________ [Mark 1]





Question 48 :Sigma in the Black Scholes equation is measure of [Mark 1]



Question 49 :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 50 :__________ is maintained by NSE to make good investor claims, which may arise out of non settlement of obligations by the trading member, who has been declared defaulter, in respect of trades executed on the Exchange [Mark 2]





Question 51 :Options have____________ [Mark 1]





Question 52 :Bid means the ________ [Mark 1]





Question 53 :Which of the following contracts are compulsorily settled on exercise date [Mark 2]





Question 54 :If Nifty contract size is 50 and suppose that index is in the all time high territory as well as market seems to be bullish and A trading strategy is created the details of which are following Buy one Nifty 4900 Oct PA at the rate Rs 70 to 75 levels and Sell two Nifty 4600 Oct PA at the rate Rs 30 to 35 levels and which of the following is or are true [Mark 2]






Question 55 :Suppose the index spot is at 1000 and two month futures trade at 1040, Suppose the transaction costs involved in placing an index trade are 0 point 25 percent and Index dividends over two months are 0 point 10 percent, What is the net rate of return [Mark 3]





Question 56 :Ashok has a portfolio worth Rs 1 million which has a beta of 1 point 2 a complete hedge would be [Mark 2]





Question 57 :The adjustments for corporate actions are carried out on all open, exercised as well as assigned positions [Mark 1]



Question 58 :Weekly options trading commenced on NSE in [Mark 1]





Question 59 :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 100 [Mark 2]





Question 60 :Mutual funds are allowed to participate in the derivatives market at par with FIIs [Mark 1]