Nism Currency Derivatives Mock Test g2z43

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The directions issued under section 45W of the Reserve Bank of India Act, 1934 are titled “Currency Futures (Reserve Bank) Directions, 2008” came into force w.e.f. 6th ________ A. August, 2008. B. September, 2008 C. October, 2008 D. November, 2008 E. I am not attempting this question

ANSWER: A

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Value Tom (Tomorrow) = Trade Date + 1 i.e. ____ business day after deal date

A. 1 B. 2 C. 3 D. 4 E. I am not attempting this question ANSWER: A

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Long Hedger will A. Long currency futures B. Short Currency Futures C. Both of the Above D. None of the Above E. I am not attempting this question ANSWER: A

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An Investor is holding Gold worth Rs. 10,20,000/-. The USD/INR is 48.2525. How many Lots of USD/INR will give him a proper Hedge? A. 2113 B. 30 C. 100 D. 21 E. I am not attempting this question

ANSWER: D

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In foreign exchange markets, the ______ currency is the first currency in a currency pair. A. Term B. Base C. Basis D. Fix E. I am not attempting this question ANSWER: B

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The __________ is the only currency of a major European country that belongs neither to the European Monetary Union nor to the G-7 countries A. Japanese Yen B. US Dollar C. GBP D. Swiss Franc E. I am not attempting this question ANSWER: D

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An Indian Investor was highly bullish on S&P 500 so he buys S&P500 worth $1,00,000/-.USD/INR was Rs.40/- After one year the S&P500 went high giving him a profit of $10,000/-. The USD/INR is Rs.44/- What is his profit on Portfolio and USD/INR A. 10%, 0% B. 0%, 10% C. 10%, 10% D. 10%, .1% E. I am not attempting this question ANSWER: C http://www.simplypaisa.com/academy/

Banks authorized by the Reserve Bank of India under section 10 of the Foreign Exchange Management Act, 1999 as ‘AD Category I bank’ are permitted to become trading and clearing of the currency futures segment of the recognized stock exchanges, on their own and on behalf of their clients, subject to fulfilling the following minimum prudential requirements:

A. Minimum net worth of Rs. 500 crores. B. Minimum CRAR of 10 per cent. C. Net NPA should not exceed 3 per cent & Made net profit for last 3 years D. All of the Above E. I am not attempting this question http://www.simplypaisa.com/academy/

ANSWER: D

A TM's open position is arrived at as the summation of his proprietary open position and ______' open positions, in the contracts in which he has traded. A. Clients B. Proprietary C. Clearing D. None of the above E. I am not attempting this question ANSWER: A

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Proprietary positions are calculated on _____ (buy - sell) for each contract A. Gross basis B. Total Basis C. Net basis D. Settlement basis E. I am not attempting this question ANSWER: C

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