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    NISM Currency Derivatives Mock Test

    Uploaded by

    simplypaisa
    SimplyPaisa.com offers free mock tests and video lessons for preparing for the NISM Currency Derivatives exam. It provides questions, answers and explanations on topics related to currency futures such as definitions of important terms, hedging strategies, and regulations for banks trading currency futures. The website recommends visiting their academy section for additional courses, question banks, and mock tests on capital markets, equity derivatives, mutual funds, and other topics.

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    © All Rights Reserved

    NISM Currency Derivatives Mock Test

    Uploaded by

    simplypaisa
    2K views12 pages
    SimplyPaisa.com offers free mock tests and video lessons for preparing for the NISM Currency Derivatives exam. It provides questions, answers and explanations on topics related to currency futures such as definitions of important terms, hedging strategies, and regulations for banks trading currency futures. The website recommends visiting their academy section for additional courses, question banks, and mock tests on capital markets, equity derivatives, mutual funds, and other topics.

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    Free Mock Test for NISM Currency Derivatives certificate exam preparation.

    Original Title

    NISM Currency Derivatives Mock Test.pptx

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    SimplyPaisa.com offers free mock tests and video lessons for preparing for the NISM Currency Derivatives exam. It provides questions, answers and explanations on topics related to currency futures such as definitions of important terms, hedging strategies, and regulations for banks trading currency futures. The website recommends visiting their academy section for additional courses, question banks, and mock tests on capital markets, equity derivatives, mutual funds, and other topics.

    Copyright:

    © All Rights Reserved
    2K views12 pages

    NISM Currency Derivatives Mock Test

    Uploaded by

    simplypaisa
    SimplyPaisa.com offers free mock tests and video lessons for preparing for the NISM Currency Derivatives exam. It provides questions, answers and explanations on topics related to currency futures such as definitions of important terms, hedging strategies, and regulations for banks trading currency futures. The website recommends visiting their academy section for additional courses, question banks, and mock tests on capital markets, equity derivatives, mutual funds, and other topics.

    Copyright:

    © All Rights Reserved
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    SimplyPaisa.

    com
    Free Mock Test
    for
    NISM Currency Derivatives
    Also available Video lessons, Question Bank and Mock Test for NISM
    exam preparation for Currency Derivatives exam

    Visit http://www.simplypaisa.com/academy/ for more

    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

    http://www.simplypaisa.com/academy/

    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

    http://www.simplypaisa.com/academy/

    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

    http://www.simplypaisa.com/academy/

    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

    http://www.simplypaisa.com/academy/

    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

    http://www.simplypaisa.com/academy/

    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

    http://www.simplypaisa.com/academy/

    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 members of
    the currency futures segment of the recognized stock exchanges,
    on their own account 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 members
    D. None of the above
    E. I am not attempting this question
    ANSWER: A

    http://www.simplypaisa.com/academy/

    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

    http://www.simplypaisa.com/academy/

    Visit http://www.simplypaisa.com/academy/ for more

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