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8/12/2019 FREE NISM Mock Test - NISM Series VIII Equity Derivatives Certification Examination. NISM Study Material and NISM Workbooks are also available at www.PrepCafe.in free of c
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FREE NISM MOCK TEST
For NISM Series VIII: Equity Derivatives Certification Examination
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8/12/2019 FREE NISM Mock Test - NISM Series VIII Equity Derivatives Certification Examination. NISM Study Material and NISM Workbooks are also available at www.PrepCafe.in free of c
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LOGO AREA
+55 32 3836 55 55+55 32 9685 55 55
Default address Avenue, 4214,Postal code 80.250-210 / Curitiba PR B R
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NISM Certification ExaminationsFree Study Materials and Free Mocks Tests
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NISM Series VIII: Equity Derivatives Certification Examination FREE MOCK TEST
The examination seeks to create a common minimum knowledge benchmark for associatedpersons functioning in equity derivatives markets in India. The examination covers knowledge
competencies related to the understanding of the financial structure in India and theimportance of the different rules and regulations governing the Indian securities market,especially those related to the equity derivatives segment.
On successful completion of the examination the candidate should:
Know the basics of the Indian equity derivatives market.
Understand the various trading strategies that can be built using futures and optionson both stocks and stock indices. Understand the clearing, settlement and risk management as well as the operational
mechanism related to equity derivatives markets. Know the regulatory environment in which the equity derivatives markets operate in
India.
The NISM-Series-VIII: ED Examination will be a 100 marks examination to be completed in 2hours. It will have 100 questions of 1 mark each. There will be negative marking of 25% of themarks assigned to a question. The passing score for the examination is 60%.
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LOGO AREA
+55 32 3836 55 55+55 32 9685 55 55
Default address Avenue, 4214,Postal code 80.250-210 / Curitiba PR B R
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NISM Certification ExaminationsFree Study Materials and Free Mocks Tests
available at www.prepcafe.in
NISM Mock Test Questions Equity Derivatives
Q1. A penalty or suspension of registration of a stock
broker from derivatives exchange/segment under SEBI(Stock Broker and Sub-broker) Regulations, 1992 cantake place if ________
The Stock Broker fails to pay fees
The Stock Broker is suspended by the Stock Broker
The stock broker violates the conditions of registration
In any of the above situations
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LOGO AREA
+55 32 3836 55 55+55 32 9685 55 55
Default address Avenue, 4214,Postal code 80.250-210 / Curitiba PR B R
www.default.co m
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NISM Certification ExaminationsFree Study Materials and Free Mocks Tests
available at www.prepcafe.in
NISM Mock Test Questions Equity Derivatives
Q2. In Indian context, derivative includes: A) A security
derived from a debt instrument, share, loan whethersecured or unsecured, risk instrument or contract fordifferences or any other form of security; B) A contractwhich derives its value from the prices, or index of
prices, of underlying securities; A B Both of the above None of the above
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8/12/2019 FREE NISM Mock Test - NISM Series VIII Equity Derivatives Certification Examination. NISM Study Material and NISM Workbooks are also available at www.PrepCafe.in free of c
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LOGO AREA
+55 32 3836 55 55+55 32 9685 55 55
Default address Avenue, 4214,Postal code 80.250-210 / Curitiba PR B R
www.default.co m
_________________________________________ __
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NISM Certification ExaminationsFree Study Materials and Free Mocks Tests
available at www.prepcafe.in
NISM Mock Test Questions Equity Derivatives
Q3. June futures contract on WIPRO closed at Rs. 1153
on May 20 and at Rs. 1150 on May 21, 2002. Raju hasa short position of 4000 in the June futures contract. OnMay 21, 2002, he sells 3000 units of 10-June-2002expiring Put Options on WIPRO at strike price of
Rs.1145 for a premium of Rs.28 per unit. What is his netobligation to / from the Clearing Corporation for May 21,2002?
Pay-in of Rs.32,000 Pay-in of Rs.72,000 Pay-out of Rs.96,000 Pay-out of Rs.32,000
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LOGO AREA
+55 32 3836 55 55+55 32 9685 55 55
Default address Avenue, 4214,Postal code 80.250-210 / Curitiba PR B R
www.default.co m
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NISM Certification ExaminationsFree Study Materials and Free Mocks Tests
available at www.prepcafe.in
NISM Mock Test Questions Equity Derivatives
Q4. The initial margin amount is large enough to cover
a one-day loss that can be encountered on ______% ofthe days.
95 99 90 50
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LOGO AREA
+55 32 3836 55 55+55 32 9685 55 55
Default address Avenue, 4214,Postal code 80.250-210 / Curitiba PR B R
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NISM Certification ExaminationsFree Study Materials and Free Mocks Tests
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NISM Mock Test Questions Equity Derivatives
Q5. The NEAT F&O trading system _____________.
does not allow combination trades allows only a single order placement at a time allows one to enter combination trades none of the above
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Default address Avenue, 4214,Postal code 80.250-210 / Curitiba PR B R
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NISM Certification ExaminationsFree Study Materials and Free Mocks Tests
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NISM Mock Test Questions Equity Derivatives
Q6. 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 theJuly futures on WIPRO close at 1555. Does Cyrus have
an obligation to the Clearing Corporation on hispositions, and how much, if any? Yes. Rs.18,900 pay-out Yes. Rs.19,800 pay-out
Yes. Rs.18,900 pay-in No pay in or pay-out on expiration of contract
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Default address Avenue, 4214,Postal code 80.250-210 / Curitiba PR B R
www.default.co m
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NISM Certification ExaminationsFree Study Materials and Free Mocks Tests
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NISM Mock Test Questions Equity Derivatives
Q7. The spot price of TISCO is Rs. 2050 and the cost of
financing is 10%. What is the fair price of a one monthfutures contract on TISCO?
2,085.15 2,099.40 2,082.80 2,066.30
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LOGO AREA
+55 32 3836 55 55+55 32 9685 55 55
Default address Avenue, 4214,Postal code 80.250-210 / Curitiba PR B R
www.default.co m
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NISM Certification ExaminationsFree Study Materials and Free Mocks Tests
available at www.prepcafe.in
NISM Mock Test Questions Equity Derivatives
Q8. You have bought a portfolio of securities on the
exchange. To eliminate the risk arising out of market,you should _____.
buy index futures buy stock futures sell index futures sell stock futures
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LOGO AREA
+55 32 3836 55 55+55 32 9685 55 55
Default address Avenue, 4214,Postal code 80.250-210 / Curitiba PR B R
www.default.co m
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NISM Certification ExaminationsFree Study Materials and Free Mocks Tests
available at www.prepcafe.in
NISM Mock Test Questions Equity Derivatives
Q9. VaR methodology seeks to measure the amount of
value that a portfolio may stand to lose within a certainhorizon time period due to potential changes in
______________.
underlying exposures underlying stock volatility underlying asset spot price underlying index volatility
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LOGO AREA
+55 32 3836 55 55+55 32 9685 55 55
Default address Avenue, 4214,Postal code 80.250-210 / Curitiba PR B R
www.default.co m
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NISM Certification ExaminationsFree Study Materials and Free Mocks Tests
available at www.prepcafe.in
NISM Mock Test Questions Equity Derivatives
Q10. Ms. Shetty has sold 300 calls on WIPRO at a
strike price of Rs.1503 for a premium of Rs.28 per callon April 1, 2002. The closing price of equity shares ofWIPRO is Rs. 1553 on that day. If the call option isassigned against her on that day, what is her netobligation on April 01, 2002?
Pay-out of Rs.13,400 Pay-out of Rs. 21,600 Pay-in of Rs.15,000 Pay-in of Rs.6,600
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www.default.com
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