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DM Mock Test 03 

Mock Test  :  RMG Student Exclusive :        
Total Marks 60

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10/21/2017 6:01:53 PM

Total Questions  60
 

Pass Marks is 55%

Time Left : 00:00:00 Hrs

 


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





Question 2 :OTC derivatives [Marks 2]





Question 3 :OTC futures contracts are called [Mark 1]





Question 4 :Novation means that the clearing corporation interposes itself into every transaction buying from the seller and selling to the buyer [Mark 1]



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




Question 6 :The very nature of the financial markets is [Marks 2]





Question 7 :By the use of derivative products it is possible to [Mark 1]




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





Question 9 :Mutual funds are allowed to participate in the derivatives market at par with FIIs [Mark 1]



Question 10 :The eligibility of a stock or index for trading in Derivatives segment is based upon the criteria laid down by [Marks 2]





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





Question 12 :The stock shall be chosen in terms of [Marks 2]





Question 13 :The value of taxable securities transaction relating to option in securities is the [Marks 2]





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





Question 16 :The final option exercise settlement in case of stock option is on ________ [Mark 1]





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 [Marks 2]





Question 18 :On the NSEs NEAT F and O system matching takes place at [Mark 1]





Question 19 :Fund settlement in the F and O segment of NSE takes place through [Mark 1]





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



Question 21 :The interest rate per annum is 11 percent the value of r in Black Scholes equation [Marks 3]





Question 22 :Sigma in the Black Scholes equation is measure of [Mark 1]



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




Question 24 :ABC Ltd is trades in the spot market at the rate Rs 2510 Money can be invested at the rate of 9 percent pa The fair value of a one month futures contract on ABC would be [Marks 3]





Question 25 :Nifty index is used in _________ [Mark 1]





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 [Marks 2]





Question 27 :Ask means the ________ [Mark 1]





Question 28 :Bid means the ________ [Mark 1]





Question 29 :Current price of ABC Ltd is Rs 272 If 250 strike call is quoted at Rs 60 What is the intrinsic value [Marks 3]





Question 30 :_____________ 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 31 :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 [Marks 2]





Question 32 :Sunil purchased a call option on 100 shares of ABC Ltd The details of the transaction are Spot Market price of ABC Ltd is Rs 199 Strike Price is Rs 200 Option Premium is Rs 5 Which of the following is true [Marks 3]





Question 33 :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 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 [Marks 3]





Question 35 :In case a Future Contract is not traded in a day which of the following prices is reckoned for daily mark to market settlement [Marks 2]





Question 36 :F and O Segment has a Basket trading facility [Mark 1]





Question 37 :Position left open on the balance sheet date must be accounted for [Mark 1]



Question 38 :Anuj sold ABC Ltd call with strike Rs 240 and this call option is costing him Rs25 If the market lot size of ABC Ltd is 1200 what will be his pay off if he purchase the call at Rs 30 [Marks 3]




Question 39 :For Accounting the open positions Debit or Credit balance in the M T M margin Equity Index futures account maintained on the [Marks 2]





Question 40 :You have bought a portfolio of securities on the exchange To eliminate the risk arising out of market you should _____ [Marks 2]





Question 41 :The trading members contribute to Investors Protection Fund of F and O segment at the rate of [Marks 3]





Question 42 :The rate of tax applicable on derivatives has been revised to ______ of the value of the taxable securities transaction by Finance Act 2006 [Marks 2]





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





Question 44 :Currently the contract size on NSE futures market is ____ Nifty [Mark 1]





Question 45 :The trading member position limits in equity index option contracts is higher of [Marks 3]





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





Question 47 :Currently Nifty future lot size is 50 this is with effect from [Marks 2]





Question 48 :Finance Act No2 2004 has introduced__________ on all derivative transactions entered into in a recognized stock exchange [Marks 2]





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 [Marks 3]





Question 50 :Securities Transaction Tax is payable by the _______ of the derivative instrument [Marks 2]





Question 51 :Derivative products initially emerged as hedging devices against fluctuations in the commodity prices [Mark 1]



Question 52 :Financial Derivatives came into spotlight in the post______ [Marks 2]





Question 53 :LEAPS having maturity upto _____ years [Mark 1]





Question 54 :Warrents have maturities upto _____ [Mark 1]





Question 55 :In the option contract the option lies with the ________ [Marks 2]





Question 56 :The potential return on a future transaction is_________ [Mark 1]




Question 57 :Which exchange was the first to start trading financial futures [Marks 2]





Question 58 :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 [Marks 3]





Question 59 :Open interest is calculated by looking at either the total number of outstanding long or short positions and not both [Mark 1]




Question 60 :The Margining system in F and O segment is based on __________ committee recommendations [Mark 1]