NISM 1: Lesson 5
NISM 1: Lesson 5
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Question 1 of 30
1. Question
Which among the following cross currency pair is not traded on Indian exchanges?
CorrectIncorrectHint
Which among the following cross currency pair is not traded on Indian exchanges?
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Question 2 of 30
2. Question
Among the four currency pairs with INR traded on Indian exchanges, INR is the base currency, with which of the following?
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Question 3 of 30
3. Question
The Daily Mark to Market settlement price for currency futures in India is:
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Question 4 of 30
4. Question
The final settlement price for currency futures in India is:
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Question 5 of 30
5. Question
The mode of settlement of futures in USDINR, EURINR, JPYINR & GBPINR is
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Question 6 of 30
6. Question
For the cross currency pair futures of EURUSD, GBPUSD & USDJPY, the underlying is quoted in:
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Question 7 of 30
7. Question
The market timing for cross currency pairs EURUSD, GBPUSD & USDJPY are ____________
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Question 8 of 30
8. Question
Choose the correct option about the currency futures on Indian exchanges:
- Daily MTM settlement happens on T+1 basis
- Final settlement happens on a T+2 basis
- Trading for the month closes at 5:00 pm on Expiry day
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Question 9 of 30
9. Question
Choose the correct option regarding tick. The tick size for:
- The tick size for EURUSD is 0.0001 USD
- The tick size for USDJPY is 0.0001 JPY
- The tick size for JPYINR is 0.0025 INR
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Question 10 of 30
10. Question
For the cross currency pair futures of EURUSD, GBPUSD & USDJPY, the mode of settlement on Indian exchanges is:
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Question 11 of 30
11. Question
The final settlement price of the EURUSD cross‐currency derivative contract shall be computed using the RBI reference rate for USDINR and the corresponding exchange rate published by RBI for EURINR, on the last trading day of the contract. True or False?
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Question 12 of 30
12. Question
Choose the correct option. For arriving at the final settlement value in INR for:
- EURUSD cross currency contract, the RBI reference rate for USDINR on the last trading day of the contract shall be used
- USDJPY cross currency contracts, RBI reference rate for JPYINR on the last trading day of the contract shall be used
- GBPUSD cross currency contract, the RBI reference rate for GBPINR on the last trading day of the contract shall be used
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Question 13 of 30
13. Question
Base price of the currency futures contracts on the first day of its life will be:
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Question 14 of 30
14. Question
Base price of the currency futures contracts on any day after the first day of its life will be:
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Question 15 of 30
15. Question
In case a futures contract is not traded on a day or not traded during the last half hour, the settlement price for the day is theoretical settlement price computed by a method as may be decided by the relevant authority from time to time. True or False?
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Question 16 of 30
16. Question
The currency futures contracts are available for trading for maturities:
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Question 17 of 30
17. Question
Choose the correct option
- Trading members are members of an authorized Exchange.
- Trading Member can only trade on their own account.
- Trading Member can trade on behalf of their clients including participants.
- Each trading member can have only one user.
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Question 18 of 30
18. Question
Choose the correct option:
- Trading cum clearing member has a right to trade on its own account as well as on account of its clients.
- Trading cum clearing member can clear and settle the trades for self and for others through the Clearing House.
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Question 19 of 30
19. Question
Choose the correct option:
- Clearing members are members of the Clearing Corporation
- A professional clearing member is a clearing member who is also a trading member
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Question 20 of 30
20. Question
The participants (clients of trading members) can trade through ________ trading members and can settle the trades through ________ clearing member.
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Question 21 of 30
21. Question
Choose the correct option regarding IOC order:
- An IOC (Immediate Or Cancel) order allows the user to buy or sell a contract as soon as the order is released into the system, failing which the order is cancelled from the system
- A Partial match is not possible for an IOC order
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Question 22 of 30
22. Question
Harish bought 1 lot USDINR futures at Rs.72.6750, expecting the price to go up. He wants to earn Rs.200 profit from the trade (excluding brokerage & taxes). What should he do?
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Question 23 of 30
23. Question
Vijay has shorted the EURINR futures contract at Rs. 84.4500. He wants to lose no more than Rs.0.15 per unit, in any case. He should place a:
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Question 24 of 30
24. Question
Ravi bought a USDINR futures contract at Rs.71.2500. He wants to lose no more than Rs.0.1500 per unit. He should place a sell stop loss order with trigger price at _____ & stop loss at _______.
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Question 25 of 30
25. Question
Sanjana sold a USDINR futures contract at Rs. 70.5000. She wants to lose no more than Rs. 0.1300 per unit. She should place a buy stop loss order with trigger price at _____ & stop loss at _______.
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Question 26 of 30
26. Question
Stella wanted to place a USDINR futures buy order on the order window. Which of the following is an incorrect price to enter on the order window?
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Question 27 of 30
27. Question
Brijesh expects the USDINR to shoot up in the next few minutes. He wants to buy 1lot of futures at any price at the earliest. He should place a:
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Question 28 of 30
28. Question
Choose the correct option about type of orders
- ‘Pro’ order means that the order is entered on the trading member’s own proprietary account.
- Cli means that the order is entered on behalf of trading member’s client.
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Question 29 of 30
29. Question
The price limit circuit filter for a 4month USDINR futures is _______ of the theoretical price or previous day closing price.
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Question 30 of 30
30. Question
The price limit circuit filter for a 9 month USDINR futures is _______ of the theoretical price or previous day closing price.
CorrectIncorrect