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DM Mock Test 09 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

Please do not refersh or reload this page

12/16/2017 12:30:45 PM

Total Questions  60
 

Pass Marks is 55%

Time Left : 00:00:00 Hrs

 


Question 1 :On 1st January, a one month call option on the Nifty with a strike of 4250 is available for trading, the T that is used in the Black Scholes formula should be _______ [Mark 2]





Question 2 :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 3]





Question 3 :If the annual risk free rate is 9 percent, then the r used in the Black Scholes formula should be ______ [Mark 2]





Question 4 :The stock shall be chosen in terms of [Mark 1]





Question 5 :The beta of ACC is 1 point 5, A person has a long TELCO position of Rs 900,000 coupled with a short nifty position of Rs 800,000, Which of the following is TRUE [Mark 3]





Question 6 :If the annual risk free rate is 8 percent, then the r used in the Black Scholes formula should be ______[Mark 1]





Question 7 :Hedging with stock futures means ___________ [Mark 2]





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





Question 9 :On expiry, the settlement price of a Reliance Industries Ltd futures contract is _______ [Mark 3]





Question 10 :On 1st January, a two month call option on the Nifty with a strike of 4250 is available for trading, the T that is used in the Black Scholes formula should be _______ [Mark 2]





Question 11 :The NEAT F and O trading system________ [Mark 2]





Question 12 :Santosh is bearish about ABC Ltd and sells twenty one month ABC Ltd futures contracts at Rs 3,96,000, On the last Thursday of the month, ABC Ltd closes at Rs 410, he makes a _________, assume one lot is equal to 100 [Mark 2]





Question 13 :To be eligible for trading a broker must be_________ [Mark 2]





Question 14 :You are the owner of a 4 million portfolio with a beta 1 point 0, 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 15 :A stock is currently selling at Rs 50, The call option to buy the stock at Rs 45 costs Rs 9, What is the time value of the option [Mark 2]





Question 16 :An option contract which will not be exercised on the expiry date is ________[Mark 1]





Question 17 :The theoretical futures price is based on the ________ [Mark 1]





Question 18 :On 1st January, a two month call option on the Nifty with a strike of 4000 is available for trading, the T that is used in the Black Scholes formula should be _______ [Mark 1]





Question 19 :Stock options on HDFC Bank Ltd can be exe rcised ___________ [Mark 1]





Question 20 :Ms Shetty has sold 1400 calls on HLL at a strike price of Rs 297 for a premium of Rs 11 per call on April 1, The closing price of equity shares of HLL is Rs 300 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 21 :_____________is allowed to clear trades of themselves but not of others [Mark 3]





Question 22 :Index Funds use index futures to reduce _________ [Mark 1]





Question 23 :The beta of ACC is 0 point 5, A person has a long TELCO position of Rs 900,000 coupled with a short nifty position of Rs 500,000, Which of the following is TRUE [Mark 1]





Question 24 :The market impact cost on a trade of Rs 5 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 4200, a buy order of that value will go through at a price of Rs _______ [Mark 1]





Question 25 :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 2000 units @ 1260, The second client buys 2000 units @ Rs 1255 and sells 1000 units @ Rs 1260 [Mark 3]





Question 26 :In the F and O segment of NSEIL, obligations of clients positions are calculated on a ________ basis [Mark 1]





Question 27 :Which of the following should be disclosed separately for long and short positions in respect of each series of index futures as of the balance sheet date [Mark 2]





Question 28 :OTC derivatives [Mark 2]





Question 29 :NSCCLs online position monitoring system monitors open position of _____________on a real time basis [Mark 1]





Question 30 :Novation means that the clearing corporation interposes itself into every transaction buying from the seller and selling to the buyer [Mark 1]



Question 31 :Sigma in Black Scholes equation is a measure of liquidity [Mark 1]



Question 32 :The very nature of the financial markets is [Mark 2]





Question 33 :To be eligible for options trading the market wide position limit in the stock should not be less than Rs ___________ [Mark 2]





Question 34 :If the last Thursday is a trading holiday then the expiry day is [Mark 2]





Question 35 :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 36 :The eligibility of a stock or index for trading in Derivatives segment is based upon the criteria laid down by [Mark 2]





Question 37 :Which of the following is required for personnel working in the industry in order to dispense quality intermediation [Mark 1]





Question 38 :The stock shall be chosen in terms of [Mark 2]





Question 39 :Mr A sells a futures contract of Ms XYZ Ltd, Lot Size 1000, expiring on 29 Sep 2005 for Rs 300 and the spot price of the share is Rs 290 The securities transaction tax thereon would be [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 :An authorised person in the Futures and Options segment is [Mark 1]





Question 42 :The final option exercise settlement in case of stock option is on ________ [Mark 1]





Question 43 :The most critical component of risk containment mechanism is the [Mark 1]





Question 44 :On the NSEs NEAT F and O system matching takes place at [Mark 1]





Question 45 :For risk management by NSCCL which of the following is or are true [Mark 2]





Question 46 :Intrinsic value of an option can be negative [Mark 1]



Question 47 :Every recognized stock exchange shall furnish copy of Annual Report to [Mark 2]





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



Question 49 :Contract note is signed by the _____ [Mark 1]





Question 50 :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 [Mark 3]





Question 51 :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 52 :__________ 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 53 :Specification by NSCCL for the initial margin requirements for each derivative contract is on a _____________ [Mark 1]





Question 54 :Bid means the ________ [Mark 1]





Question 55 :A clearing member who is not a trading member is known as _________ [Mark 1]





Question 56 :_____________ 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 57 :Which of the following can become the professional clearing member [Mark 1]





Question 58 :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 [Mark 3]





Question 59 :Participant may trade through multiple trading members but settle through a ___________ [Mark 1]





Question 60 :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 1]