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DM Mock Test 19 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

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5/22/2019 5:44:36 AM

Total Questions  60

Pass Marks is 55%

Time Left : 00:00:00 Hrs


Question 1 :The interest free security deposit or IFSD required for the professional clearing membership in F and O segment is _____ lakh [Mark 1]

Question 2 :OTC derivatives [Mark 2]

Question 3 :_______ 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 4 :In the process of enforcement of the market wide limits, the exchange tests weather the market wide open interest for any scrip exceeds _____ of the market wide position limit for that scrip [Mark 2]

Question 5 :Key elements of the risk containment system are the [Mark 1]

Question 6 :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 7 :Anuj sold ABC Ltd call with strike Rs 240 and this call option is costing him Rs 25 and if the market lot size of ABC Ltd is 1200 than what will be his pay off if he purchase the call at Rs 30 [Mark 2]

Question 8 :If the last Thursday is a trading holiday then the expiry day is [Mark 2]

Question 9 :Position left open on the balance sheet date must be accounted for [Mark 1]

Question 10 :If the annual risk free rate is 10 percent then the r used in the Black Scholes formula should be [Mark 1]

Question 11 :For selecting stocks and indices on which Futures and Options contracts would be introduced [Mark 2]

Question 12 :NSCCLs online position monitoring system monitors open position of _____________on a real time basis [Mark 1]

Question 13 :June futures contract on WIPRO closed at Rs 1153 on May 20 and at Rs 1150 on May 21 2002 Raju has a short position of 4000 in the June futures contract On May 21 2002 he sells 3000 units of 10 June 2002 expiring Put Options on WIPRO at strike price of Rs 1145 for a premium of Rs 28 per unit What is his net obligation to from the Clearing Corporation for May 21 2002 [Mark 3]

Question 14 :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 15 :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 16 :The clearing member and 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 2]

Question 17 :The exchange may consider introducing stock options and stock futures on a stock of a company which is coming out with IPO at the time of listing if net public offer is [Mark 2]

Question 18 :The NEAT F and O system orders match _________ [Mark 1]

Question 19 :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 1]

Question 20 :Intrinsic value of an option can be negative [Mark 1]

Question 21 :Which of the following can become the professional clearing member [Mark 1]

Question 22 :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 23 :The fair value of futures contract is calculated on the basis of [Mark 1]

Question 24 :On expiry date of derivative contract the settlement price will be [Mark 1]

Question 25 :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 2]

Question 26 :__________ 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 27 :LEAPS having maturity upto_____years [Mark 1]

Question 28 :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 3]

Question 29 :Bid means the ________ [Mark 1]

Question 30 :The potential return on a future transaction is_________ [Mark 1]

Question 31 :Current price of ABC Ltd is Rs 272 and if 250 strike call is quoted at Rs 60 What is the intrinsic value [Mark 1]

Question 32 :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 3]

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

Question 34 :The initial margin amount is large enough to cover a one day loss that can be encountered on ___ percent of the days [Mark 1]

Question 35 :For risk management by NSCCL which of the following is or are true [Mark 2]

Question 36 :Exchange Traded funds or ETFs first came into existence in__________ [Mark 2]

Question 37 :A separate settlement guarantee fund for F and O segment has been created out of the [Mark 2]

Question 38 :To be eligible for options trading the market wide position limit in the stock should not be less than Rs. ___________ [Mark 2]

Question 39 :The beta measures [Mark 2]

Question 40 :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 3]

Question 41 :You have bought a portfolio of securities on the exchange To eliminate the risk arising out of market you should _____ [Mark 2]

Question 42 :The Beta of the portfolio is 1, the return on the portfolio tends to reflect the return on the market [Mark 1]

Question 43 :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 44 :Each user of the trading member in F and O segment of NSEIL is assigned a unique _________ ID [Mark 1]

Question 45 :In the context of financial futures contract, there will be different basis for each delivery month [Mark 1]

Question 46 :In case of options final exercise settlement is [Mark 1]

Question 47 :Maintenance Margin is somewhat lower then initial margin [Mark 1]

Question 48 :The trading member position limits in equity index option contracts is higher of [Mark 1]

Question 49 :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 50 :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 51 :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 52 :Financial Derivatives came into spotlight in the post______ [Mark 2]

Question 53 :The relationship between futures prices and spot prices can be summarized in terms of ____________ [Mark 1]

Question 54 :The closing price of the underlying index or security is its_______in the Capital Market segment of NSE [Mark 2]

Question 55 :In the option contract the option lies with the ________ [Mark 1]

Question 56 :Around 60 percent of the trading volume on the American Stock Exchange is from __________ [Mark 1]

Question 57 :Immediate or cancel is an order which will automatically __________ in F and O segment of NSEIL [Mark 3]

Question 58 :Ashok has a portfolio worth Rs 1 million which has a beta of 1 point 2 a complete hedge would be [Mark 1]

Question 59 :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 60 :The objective of NSCCL SPAN is to __________ [Mark 2]