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DM Mock Test 18 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

Please do not refersh or reload this page

10/21/2017 10:48:28 AM

Total Questions  60

Pass Marks is 55%

Time Left : 00:00:00 Hrs


Question 1 :An index contains two stocks X and Y, X has a market capitalization of 100crore and Y has a market capitalization of 300crore Then what are the weights attached to X and Y for computing weighted average [Mark 3]

Question 2 :What is displayed in the NEAT Ticker Screen [Mark 2]

Question 3 :In futures trading profits are received or losses are paid ______________ [Mark 1]

Question 4 :In the option contract the option lies with the ________ [Mark 2]

Question 5 :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 6 :The exchange phases out derivative contract on a particular underlying if it checks on a monthly basis, weather a stock has remained subject to the ban on new position for a significant part of the month consistently for ______ months [Mark 1]

Question 7 :Financial Derivatives came into spotlight in the post______ [Mark 2]

Question 8 :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 9 :You are the owner of a 5 million portfolio with a beta 1 You would like to insure your portfolio against a fall in the index of magnitude higher than 10 percentage Spot Nifty stands at 4000 Put options on the Nifty are available at three strike prices Which strike will give you the insurance you want [Mark 2]

Question 10 :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 11 :Currently, the contract size on NSEs futures market is ____ Nifties [Mark 1]

Question 12 :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 1]

Question 13 :In case of options final exercise settlement is [Mark 1]

Question 14 :The trading members contribute to Investors Protection Fund of F and O segment at the rate of [Mark 3]

Question 15 :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 2]

Question 16 :Each user of the trading member in F and O segment of NSEIL is assigned a unique _________ ID [Mark 1]

Question 17 :Which exchange was the first to start trading financial futures [Mark 2]

Question 18 :Futures differs from forwards in the sense that [Mark 1]

Question 19 :You have bought a portfolio of securities on the exchange To eliminate the risk arising out of market you should _____ [Mark 2]

Question 20 :NSCCL offers settlement of funds through _______ clearing banks [Mark 1]

Question 21 :SPDRs or Spiders, which is an ETF is based on which index [Mark 2]

Question 22 :Position left open on the balance sheet date must be accounted for [Mark 1]

Question 23 :If the beta of any stock is not known then it is safe to assume it [Mark 1]

Question 24 :Ms Shetty has sold 300 calls on WIPRO at a strike price of Rs 1503 for a premium of Rs 28 per call on April 1 2002 The closing price of equity shares of WIPRO is Rs 1553 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 25 :Ashok has a portfolio worth Rs 1 million, which has a beta of 1 point 2 a complete hedge would be [Mark 3]

Question 26 :In a normal market, the basis will be positive [Mark 1]

Question 27 :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 and the second client buys 1000 units at the rate Rs 1255 and sells 1000 units at the rate Rs 1260 [Mark 3]

Question 28 :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 29 :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 30 :The interest rate per annum is 11 percent the value of r in Black Scholes equation [Mark 1]

Question 31 :The period over which a contract trades is known as Contract cycle [Mark 1]

Question 32 :The futures price is __________ [Mark 2]

Question 33 :The market impact cost on a trade of Rs 4 million of the S and P CNX Nifty works out to be about 0 point 06 percent This means that if S and P CNX Nifty is at 4000 a sell order of that value will go through at a price of Rs_______[Mark 2]

Question 34 :Bid means the ________ [Mark 1]

Question 35 :To be eligible for options trading, the market wide position limit in the stock should not be less than Rs ___________ [Mark 2]

Question 36 :Sunil purchased a call option on 100 shares of ABC Ltd and the details of the transaction are Spot Market price of ABC Ltd is Rs 199 and Strike Price is Rs 200 and Option Premium is Rs 5 Which of the following is true [Mark 2]

Question 37 :Nifty index is used in _________ [Mark 1]

Question 38 :An authorized person in the Futures and Options segment is ___________ [Mark 2]

Question 39 :The complex calculations, like pricing of options, in SPAN are executed by ____________ and results of these calculations are called _____________ [Mark 2]

Question 40 :Sigma in the Black Scholes equation is measure of [Mark 1]

Question 41 :Usually the exercise orders will accepted by the system till the __________ [Mark 1]

Question 42 :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 1]

Question 43 :Fund settlement in the F and O segment of NSE takes place through [Mark 1]

Question 44 :Automatic exercise means that [Mark 2]

Question 45 :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 46 :The final option exercise settlement in case of stock option is on ________ [Mark 1]

Question 47 :Final exercise settlement is effected for all long in the money strike price options existing at the close of trading hours on the expiration day of the contract [Mark 1]

Question 48 :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 49 :The value of taxable securities transaction relating to option in securities is the [Mark 2]

Question 50 :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 51 :The rate of tax applicable on derivatives has been revised to ______ of the value of the taxable securities transaction by Finance Act 2006 [Mark 1]

Question 52 :The eligibility of a stock or index for trading in Derivatives segment is based upon the criteria laid down by [Mark 2]

Question 53 :Derivative products initially emerged as hedging devices against fluctuations in the commodity prices [Mark 1]

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 3]

Question 55 :By the use of derivative products it is possible to [Mark 1]

Question 56 :Currently Nifty future lot size is 50, this is with effect from [Mark 1]

Question 57 :Maintenance Margin is somewhat lower then initial margin [Mark 1]

Question 58 :Novation means that the clearing corporation interposes itself into every transaction buying from the seller and selling to the buyer [Mark 1]

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

Question 60 :Weekly options trading commenced on NSE in [Mark 1]