Free Mock Test NISM I Currency Derivatives -Test-5 -

Created on May 12, 2021

Free Mock Test NISM Currency Derivatives -Test-5

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

Daily mark to market settlement will be on a ________ basis.

T + 1

T + 2

2 / 10

Final mark to market settlement will be on a ________ basis.

T + 2

T + 1

3 / 10

__________ are members of an authorized Exchange.

Trading Members

Clearing Members

4 / 10

__________ are members of the Clearing Corporation.

Trading Members

Clearing Members

5 / 10

Which of the following is correct about Trading members?

The exchange assigns a trading member ID to each trading member.

They can trade either on their own account or on behalf of their clients including participants.

Both the above

6 / 10

A professional clearing member is a clearing member who is not a trading member.

True

Fasle

7 / 10

A participant may trade through multiple trading members but settle through a single clearing member.

True

False

8 / 10

Clearing means computing open positions and obligations of clearing members in the trading system.

True

False

9 / 10

Which of the following is correct regarding Trading-cum-Clearing Member?

He is a member with a right to trade on its own account as well as on account of its clients.

He can clear and settle the trades for self and for others through the Clearing House.

Both the above

10 / 10

Settlement means actual pay in or pay out to settle the contract.

True

False

Your score is

The average score is 80%

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