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NISM Series IV - Interest Rate Derivatives Certification

 Mock Test 01

NISM Series IV - Interest Rate Derivatives Certification

Mock Test 01

NISM Series IV - Interest Rate Derivatives Certification

 Mock Test 01
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    Q 1. Which of these is a derivative ?
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    Q 2. Which of the following statements is correct for Netting?
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    Q 3. Investors can hold their Govt. securities in demat form in which of the following ?
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    Q 4. Which of the following statements is true?
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    Q 5. The underlying for 10-year bond futures under the current regulations can be theoretically ______________.
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    Q 6. The Money market securities have a period of more than one year - State True or False ?
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    Q 7. When one trades in SWAP derivatives, he buys and sell the _______ .
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    Q 8. ________ is/are secured money market instrument(s) .
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    Q 9. Some months back the 3 month rate was 10.2% and the 3 year rate was 10.8 %. Currently the 3 month rate is 10.5 % and the 3 year rate is 10.9% . What is the shift of this term structure called ?
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    Q 10. When is the auction conducted for short delivery of securities ?
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    Q 12. Bond X and Bond Y are issued by the same issuer and have the same maturity. Bond X is priced at 98 and Bond Y at 101.50. Which of the two bonds is a better investment?
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    Q 13. If the base price of a security for a trading day is Rs 100 and the price range is 1%, the opening price for the trading day will be _______ .
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    Q 14. In ________ bonds, the investor has the right to demand prepayment on specified dates before maturity.
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    Q 15. What is the underlying for 6-Year cash settled Interest Rate Futures contracts ?
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    Q 16. The effect of reinvestment risk on a bond is ________ .
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    Q 17. The settlement for the currently traded bond futures is _______ .
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    Q 18. If all the rates ( Long Term and Short Term ) move in the same direction by same extent, the Term Structure of Rates (Shifts) is called _______ .
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    Q 19. If the seller fails to serve the Notice of Intent to Deliver by the stipulated time either for full Open Position or part of it, the failed quantity will be ______ .
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    Q 20. Which of the following is the role of derivatives?
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    Q 21. A ________ trade will not lead to any profit or loss in future.
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    Q 22. Amongst the below given options, who requires a prior permission from SEBI to short sell Govt. Bond futures ?
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    Q 23. One of the Standard tenor in market is ________ .
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    Q 24. Amongst the following options, which one is true with respect to ' CLEARING ACCOUNTS' ?
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    Q 25. Among the following options, which quantity of face value can be bought or sold for Govt. bond futures?
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