Free Mock Test NISM Currency Derivatives -Test-3 -

Created on May 11, 2021

Free Mock Test NISM Currency Derivatives -Test-3

NISM Series (I) Currency Derivatives Examination Pattern
Exam Fees	Rs. 1500 +
Test Duration	2 Hours (120 Minutes)
Total Questions	100 Questions
Maximum Marks	100 marks
Passing Marks	60% (60 Marks)
Negative Marking	– 25% of the marks assigned to the question

NISM Currency Derivatives Exam Syllabus Outline

Units	Chapter Name
Unit 1	Introduction to Currency Markets
Unit 2	Foreign Exchange Derivatives
Unit 3	Exchange Traded Currency Futures
Unit 4	Strategies Using Currency Futures
Unit 5	Trading in Currency Futures
Unit 6	Clearing, Settlement and Risk Management in Currency Futures
Unit 7	Exchange Traded Currency Options
Unit 8	Accounting and Taxation
Unit 9	Regulatory Framework for Currency Derivatives

1 / 10

As a trader you believe EURUSD will move from 1.12 to 1.18 in next 2 months. Which of the following would you do to execute this view using currency futures contract of EURINR and USDINR?

Long EURINR

Short EURINR

Long EURINR, Short USDINR

Short EURINR, Long USDINR

2 / 10

A branch manager can define limits for____

The trading member

Any dealers

Dealers in the branch

The corporate manager

3 / 10

The final settlement price of a currency futures contract is the ____ on the last trading day of the futures contract.

RBI reference rate

Mibor rate

Libor rate

4 / 10

A derivatives contract can exist without an Underlying be it equity, interest rate etc.

Yes

5 / 10

Which of the following segments of market participants are not allowed to trade in currency futures?

FII

Trusts

NRIs

6 / 10

What is the standard settlement convention for foreign exchange spot traders?

(T + 3) days

(T + 2) days

7 / 10

Which term best describes EUR currency?

Currency floating

Free floating

8 / 10

The proper size of the hedging position in basic approach is

Partial Hedge

Equal Hedge

9 / 10

Extreme loss margin is computed at ____ on the mark-to-market value of the Gross Open position for USD / INR contract.

10 / 10

The amount of asset that has to be delivered under one contract is the

Asset size

Contract size

Your score is

The average score is 84%

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