NISM-Series XV - Research Analyst Certification Mock Test - Free Demo

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NISM-Series-XV – Research Analyst Certification Mock Test – Demo

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1. Is it true or false that Clearing Members are not allowed to offer Fixed deposits and Bank guarantees as part of liquid assets to the Clearing Corporation?

a) False

b) True

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2. A stock exchange employs online surveillance capability to monitor the __________.

a) Volumes

b) Positions

c) Prices

d) All of the above

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3. Mr. Kamlesh has purchased 200 shares of ABC Industries Ltd. at Rs.850 per share with anticipation of a price increase. However, to safeguard against potential losses in case of a price decline, he aims to limit his loss to Rs. 4000 on this long position. What steps should he take to achieve this?

a) Place a stop loss sell order for 200 shares Rs.830 per share

b) Place a limit buy order for 200 shares Rs.830 per share

c) Place a limit buy order for 200 shares at Rs.870 per share

d) Place a limit sell order for 200 shares Rs. 830 per share

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4. Is it possible to terminate a long position in a CALL option by establishing a short position in a PUT option?

a) False

b) True

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5. Among the options listed below, which ones would incur margin requirements?

a) Buyer of PUT Option

b) Seller of CALL Option

c) Seller of PUT Option

d) Both 2 and 3

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6. The calculation of initial margin is based on ____.

a) Value-At-Risk (VAR) based margining.

b) fixed at 25% for most of the scrips and 35% for volatile scrips

c) As per the The Black & Scholes Model

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Orders placed on the Trading System of a Derivative Exchange are entered at prices that do not include brokerage. Is this statement true or false?

a) False

b) True

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8. Given a spot price (market price) of Rs 200 for a share and an interest rate of 12% per annum, which of the following prices is the closest approximation to the three-month future maturity?

a) 200

b) 202

c) 204

d) 206

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9. What type of margin will a calendar spread incur?

a) Higher

b) Lower

c) Zero

d) None of the above

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10. Tick size is determined by –

a) Its fixed by the exchange

b) The Interest rates

c) The Delta of the security

d) Volume in that security

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NISM-Series XV - Research Analyst Certification Mock Test - Free Demo