About NISM Currency Derivatives Exam
The NISM Series I Currency Derivatives Certification Examination is one of the most difficult certification examinations of NISM. This certification is required to become currency derivatives dealer or to obtain the currency derivatives terminal from NSE, BSE, MSEI.
NISM Currency Derivatives exam is the mandatory exam and the currency derivative modules of NSE / NCFM, BSE or MCX / MSE are no more a valid certification required to obtain the terminal or to become a derivatives dealer. This examination is conducted by NISM in more than 150 cities in India and thousands of people take this NISM Exam.
About NISM Currency Derivatives Mock Test Free
Since the NISM Currency Derivatives is a very difficult examination to pass in the first attempt for most of the exam takers, PrepCafe Academy assists candidates interested in obtaining the certification by providing NISM Currency Derivatives Mock Test Free Model Questions in the form of Free NISM Series I: Currency Derivatives Mock Test Series as well as Premium Quality Paid NISM Mock Test at just Rs. 399/-. PrepCafe’s Paid NISM Mock Test for Currency Derivatives consists of premium quality, real-like NISM Question Bank which helps in assessing your exam preparation, get exam exposure, obtain nism practice questions and thereby pass NISM exam easily with flying colors.
This NISM Series I – Currency Derivatives Certification Examination Mock Test or NISM Currency Derivatives Mock Test consists of 20 questions which need to be attempted in 20 minutes. If you like this free NISM Mock Tests, you would like to consider our Premium NISM Currency Derivatives Mock Test @Rs. 399/-
- This is a Mock Examination of NISM Series I: Currency Derivatives Certification Examination.
- This mock test has 20 questions of 1 marks each.
- You are alloted 120 minutes for this mock test.
- There is no negative marking in this mock test. However, please note that actual examination has 25% negative marking per question.
- The passing score on the examination is 60% This mock examination is only to give the candidates an experience of NISM testing system.
- Please note that passing this mock test would not make you eligible for claiming a certificate for NISM Series I: Currency Derivatives Certification Examination
All the best for your examination!
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1. Question1 point(s)
Who is/are eligible for becoming a Professional Clearing Member of Currency Derivatives Segment?CorrectIncorrect
2. Question1 point(s)
An exporter sells 25 lots of one month USDINR futures at 53. At the expiry, the settlement price was announced as 52.70. How much profit/loss (in Rupees) did he make on the transaction?CorrectIncorrect
3. Question1 point(s)
Which term best describes EUR currency?CorrectIncorrect
4. Question1 point(s)
In a system of 10 currencies, if one currency is selected as the vehicle currency and used for all transactions, there would be a total of ______ currency pairs or exchange rates to be dealt with.CorrectIncorrect
5. Question1 point(s)
Businesses use derivatives primarily forCorrectIncorrect
6. Question1 point(s)
Position Limit for a Bank TM on GBPINR isCorrectIncorrect
7. Question1 point(s)
3 Month Calendar Spread Margin for USDINR is _________CorrectIncorrect
8. Question1 point(s)
A trading member (TM) has two clients 'A' and 'B' and he also does proprietary trading in currency futures. On day 1, TM buys 12 lots of USDINR one month futures and also sells 2 lots of the same contract on the same day in his proprietary book. On the same day, client 'A' buys 12 lots of USDINR one month futures and also sells 2 lots of the same contract while client 'B' buys 12 lots and sells 2 lots. What would be the open position (in US of the trading member, client 'A' and client 'B' respectively at the end of day 1?CorrectIncorrect
9. Question1 point(s)
Among which of the following is the best Buy orderCorrectIncorrect
10. Question1 point(s)
Who receives end of day reports from all branches & dealers under same trading member?CorrectIncorrect
11. Question1 point(s)
When the time to expiration increases, the put option premium _______CorrectIncorrect
12. Question1 point(s)
The Final Settlement price of a Currency Futures contract is the____________.CorrectIncorrect
13. Question1 point(s)
Government securities & T-Bills can be considered as _________ of collateral deposits given to clearing corporation by its membersCorrectIncorrect
14. Question1 point(s)
A hedger has an Overall Portfolio (OP) composed of (at least) 2 positions. One is Underlying position & second isCorrectIncorrect
15. Question1 point(s)
As a trader you believe GBPUSD will move from 1.54 to 1.62 in next 2 months. Which of the following would you do to execute this view using currency futures contract of GBPINR and USDINR?CorrectIncorrect
16. Question1 point(s)
The client is expected to sign on the ____________ of the contract noteCorrectIncorrect
17. Question1 point(s)
A client of a trading member is required to enter into _____ with the trading member before he can commence trading.CorrectIncorrect
18. Question1 point(s)
Assume that current USDINR spot is 44.5. With a view that in next one month there is high probability of USDINR going to 46, you are buying USDINR Call option. What option strategy is this?CorrectIncorrect
19. Question1 point(s)
Position limits shall be specific to an Exchange and not to the Exchange Traded Currency Derivatives market as a wholeCorrectIncorrect
20. Question1 point(s)
Minimum margin requirement after first day for JPYINR is ___________CorrectIncorrect
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PrepCafe Academy assists candidates interested in becoming Currency Derivatives expert and pass this NISM examination by providing Free NISM Mock Tests as well as premium quality Paid NISM Mock Tests in online mode.
PrepCafe Academy’s Premium NISM Mock Tests consists of premium quality, real-like NISM Question Bank which helps in assessing your exam preparation, get exam exposure, practice nism questions and thereby pass NISM exam easily with flying colors.
All our Premium NISM Mock Tests are as per latest syllabus prescribed by NISM.