Q 1. When the original period of borrowing / lending is less than one year, it is known as ________ .
Q 2. Loss incurred on derivatives transactions can be carried forward for a period of 12 assessment years - State whether True or False?
Q 3. The risk which is faced by the highest number of market participants is ______ .
Q 4. Can we say that when the GBPINR increase one way, this means there is a increase in volatility ?
Q 5. A trader is long on ABC stock April futures at 3100. He shall make a loss if the futures price moves to _________ .
Q 6. Calendar spread consists of buying and selling futures on _______ .
Q 7. A person buys a EURINR Call Option at strike price of 71.50 and pays a premium of INR 0.60. What would be is break even point ?
Q 8. The mark-to-market margin debits for index options are made on__________.
Q 9. What is the major economic role of the underlying markets - Primary Markets ?
Q 10. All active members of the Exchange are required to make initial contribution towards Trade Guarantee Fund of the Exchange - State True or False ?
Q 11. When a person sells a call option, he has a –
Q 12. The accrued interest is paid by _________ in the secondary market trades of coupon bonds.
Q 13. Impact Cost is the measure of liquidity – True or False ?
Q 14. What happens when the price of the underlying rises after a future contract is initiated ?
Q 15. If the shape of term structure is 'Normal', it implies that ________ .
Q 16. The maximum possible loss for the option buyer is the premium paid , but the profits can be higher depending on the underlying price movement. This is true for which type of options ?
Q 17. Can clients position be netted off against each other while calculating initial Margin on the derivatives segment.
Q 18. Other things remaining constant, the Modified Duration will ________ if the coupon payment frequency of bond increases.
Q 19. Arbitrage activities would ensure that the prices of futures contract is aligned with the prices of the underlying assets. True or False ?
Q 20. Option Premium consists of two components –
Q 21. SPAN margining is applied between _________ .
Q 22. A Professional Clearing Member can act only for Institutional clients - State True or False ?
Q 23. Higher the price volatility, higher would be the initial margin requirement - State True or False ?
Q 24. The position limits are defined ________ .
Q 25. If a trader buys a put option with a higher strike price and sells a put option with a lower strike price, both of the same underlying then this strategy is called ________ .
Q 26. On expiry, the spot price of a CALL option is less than the exercise price. This CALL option will _________ .
Q 27. The process of Risk Management includes __________ .
Q 28. The minimum price movement in a scrip is called _______ .
Q 29. Mr. Samir is of the view that the RBI will shortly increase the interest rates in India. Also, US interest rates will be stable. If everything else remains the same, what currency future trade strategy would be profitable for him if his views come true?
Q 30. Which of the below CALL options can be exercised at expiry date ?
Q 31. ________ is a measure of liquidity in stock markets.
Q 32. Beta of a portfolio is 1.3 and the portfolio value is Rs 9,00,000. The benchmark index level is 8000 and one futures contract lot size is 75. Calculate the number of contracts required for a good hedge?
Q 33. A trader wants to buy USDINR one month future at 54.50 when the current price is 54.75. When he is entering the limit order, the price is fluctuating between 54.40 to 54.80. At what price is the order likely to get executed ?
Q 34. Any party who is dissatisfied with the Arbitration Award of the arbitration tribunal (Appellate Bench) may challenge the same in __________.
Q 35. If the VaR (1 Day - 99%) for a security is Rs 17, what is the correct interpretation of 'Rs 17' ?
Q 36. In India the Interest Rate Derivatives are regulated by ______ .
Q 37. In case of _______ , the gain or loss is realised on daily basis due to mark-to-market mechanism.
Q 38. From the below mentioned options, which one is true with respect governing council of Currency future segment and Equity Derivative segment of an exchange ?
Q 39. Which among the following options is a derivative ?
Q 40. Investors who wish to trade in the derivatives segment need to satisfy the minimum networth requirement conditions - State True or False ?
Q 41. When a Stop Loss buy order is entered, the trigger price has to be ________ .
Q 42. The USDINR futures is trading at 60.0025/60.0050. The INR appreciates by one tick. What will be the new trading price ? Assume that there is no change in the spread.
Q 43. Assume that the one year interest rate is 3% in UK and 9% in India. If current GBPINR spot rate is 78, what would be the approximate one year future rate of GBPINR ?
Q 44. _______________ recommended introduction of exchange traded currency futures and options in India.
Q 45. A hedger uses index futures to ________ .
Q 46. Mr. Ravi purchases 10 call option on stock at Rs. 20 per call with strike price of Rs 350. If on exercise date, stock price is Rs. 310, ignoring transaction cost, Mr. Ravi will choose ___________ .
Q 47. A person is interested in speculating or hedging the long term interest rates. Which option should he choose of the following ?
Q 48. You sold one Zee Ent Ltd. futures contract at Rs.460 and the lot size is 1,000. What is your profit or loss, if you purchase the contract back at Rs.451 ?
Q 49. An investor can open _________ Gilt Account(s).
Q 50. When members who offer the scrip in an auction fail to deliver the same, the outstanding transaction is _________ .
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