NISM Series IV - Interest Rate Derivatives Certification Exams | Wealth Management Course that Top Wealth Managers Swear By

Question 1 of 100

1. Question

1 point(s)

A real estate agent quoting a price to sell a bunglow
A jewellery store owner quoting a price to buy old jewellery and also quoting a price to sell new jewellery
A wholesale fruit vendor quoting price to sell fruits at low prices
A steel junk dealer quoting price to buy a very old car

Question 2 of 100

2. Question

1 point(s)

Currencies are traded across time zones
Currencies are traded as per the permitted time of the respective countries
None of the above

Question 3 of 100

3. Question

1 point(s)

True
False

Question 4 of 100

4. Question

1 point(s)

59.8
60.56
61.77
62.61

Question 5 of 100

5. Question

1 point(s)

INR depreciating against USD
INR appreciating against USD
EUR depreciating against USD
EUR appreciating against USD

Question 6 of 100

6. Question

1 point(s)

Risk of INR appreciation
Risk of INR depreciation
Risk of forward premia
There is no currency risk

Question 7 of 100

7. Question

1 point(s)

Hedge Trading
Speculative Trading
Spread Trading
Arbitrage Trading

Question 8 of 100

8. Question

1 point(s)

He is a speculator
He is hedger
He is a technical analyst
He is an arbitrageur

Question 9 of 100

9. Question

1 point(s)

-500
500
250
1250

Question 10 of 100

10. Question

1 point(s)

Bilateral trade settlement
It is only available in stocks and currencies
Centralized trade settlement
Decentralized counter party credit risk management

Question 11 of 100

11. Question

1 point(s)

-7500
-5450
-3750
-6250

Question 12 of 100

12. Question

1 point(s)

Nothing as the Tribunals decision is final.
He / She can approach SEBI for suitable action
He / She can approach any Court of Law
He / She can appeal to investor grievance cell of the relevant exchange

Question 13 of 100

13. Question

1 point(s)

Higher than 91.60
Lower than 91.60
Equal to 91.60
Cannot be determined with the above data

Question 14 of 100

14. Question

1 point(s)

As decided by the merchants
Net settlement in cash
Always delivery based
None of the above

Question 15 of 100

15. Question

1 point(s)

Initial Margin
Initial Capital
Portfolio Margin
Account opening margin

Question 16 of 100

16. Question

1 point(s)

INR
GBP
EUR
USD

Question 17 of 100

17. Question

1 point(s)

True
False

Question 18 of 100

18. Question

1 point(s)

PUSD appreciating against JPY, Short USDINR and long JPYINR for same maturity
USD appreciating against JPY, Short JPYINR and long USDINR for same maturity
USD depreciating against JPY, Short JPYINR and long USDINR for same maturity
USD depreciating against JPY, Short USDIN and long JP YINR for same maturity

Question 19 of 100

19. Question

1 point(s)

USD has appreciated against INR and also appreciated against EUR
USD has depreciated against INR and also depreciated against EUR
USD has appreciated against INR and depreciated against EUR
USD has depreciated against INR and appreciated against EUR

Question 20 of 100

20. Question

1 point(s)

Buy GBPUSD on OTC, Sell GBPINR & Buy USDINR in currency futures
Buy GBPUSD on OTC, Buy GBPINR & Sell USDINR in currency futures
Sell GBPUSD on OTC, Sell GBPINR & Buy USDINR in currency futures
Sell GBPUSD on OTC, Buy GBPINR & Sell USDINR in currency futures

Question 21 of 100

21. Question

1 point(s)

Profit and Loss – currency futures
Initial margin – currency futures and Mark to market – currency futures
Initial margin – currency futures
Mark to market – currency futures

Question 22 of 100

22. Question

1 point(s)

20 %, 19 %
20 % , 20 %
20 % , 24 %
20 %, 26 %

Question 23 of 100

23. Question

1 point(s)

RBI
ICWAI
ICAI
FX- CA

Question 24 of 100

24. Question

1 point(s)

No effect
strengthening
weakening

Question 25 of 100

25. Question

1 point(s)

Bipartite agreement between him and his client clearly specifying rights and obligations of each party
Bipartite agreement between him and his client clearly specifying the brokerage to be charged
Tripartite agreement between him, broker and his client clearly specifying rights and obligations of each party
Tripartite agreement between him, broker and his client clearly specifying the rights of broker but not his obligations

Question 26 of 100

26. Question

1 point(s)

Brokers
Banks
Exchanges
Agents

Question 27 of 100

27. Question

1 point(s)

Intimate the execution or non-execution by the end of the day
Intimate the execution or non-execution within three hour of deal execution
Promptly intimate the execution or non-execution of the order
Intimate the execution or non-execution within two hour of deal execution

Question 28 of 100

28. Question

1 point(s)

True
False

Question 29 of 100

29. Question

1 point(s)

Exchange rates are quoted in per unit of quotation currency
Quotation currency is the first currency in a currency pair
Base currency is the second currency in a currency pair
Base currency is the first currency in a currency pair

Question 30 of 100

30. Question

1 point(s)

60.0050/60.0075
60.0050/60.1000
60.0000/60.0025
60.0000/60.0050

Question 31 of 100

31. Question

1 point(s)

0.70833333333333
0.64583333333333
12 noon
0.52083333333333

Question 32 of 100

32. Question

1 point(s)

Zero
-1400
-2400
1200

Question 33 of 100

33. Question

1 point(s)

59.63
58.21
55.8
53.76

Question 34 of 100

34. Question

1 point(s)

GBP has weakened against USD
USD has strengthened against EUR
SD has weakened against GBP
EUR has weakened against USD

Question 35 of 100

35. Question

1 point(s)

INR has appreciated against USD by 10 paise
USD has appreciated against INR by 10 paise
INR has appreciated
USD has appreciated

Question 36 of 100

36. Question

1 point(s)

10,000 EUR
10,000 INR
1000 INR
1000 EUR

Question 37 of 100

37. Question

1 point(s)

USD appreciating against JPY; Short USDINR and long JPYINR for same maturity
USD depreciating against JPY; Short USDINR and long JPYINR for same maturity
USD depreciating against JPY; Short JPYINR and long USDINR for same maturity
USD appreciating against JPY; Short JPYINR and long USDINR for same maturity

Question 38 of 100

38. Question

1 point(s)

Rs 300 Profit
Rs 300 Loss
Rs 30 Profit
Rs 30 Loss

Question 39 of 100

39. Question

1 point(s)

Yes
No

Question 40 of 100

40. Question

1 point(s)

80 lots
30 lots
110 lots
NIL

Question 41 of 100

41. Question

1 point(s)

Long JPYINR
Long USDINR
Long USDINR and Short JPYINR
Long JPYINR and Short USDINR

Question 42 of 100

42. Question

1 point(s)

4385
4427
4480
4516

Question 43 of 100

43. Question

1 point(s)

10000
30000
20000
3000

Question 44 of 100

44. Question

1 point(s)

The person has to share technical analysis to support currency view
The person has to presentable and on time in the TV studios
The person has to also disclose the proprietary interest of broking house in USDINR currency futures contracts
The person has to disclose his educational qualifications

Question 45 of 100

45. Question

1 point(s)

strengthening of INR
weakening of INR
15% of total open interest or EUR 50 mn, whichever is higher

Question 46 of 100

46. Question

1 point(s)

Rs 200
Rs 250
Rs 300
Rs 350

Question 47 of 100

47. Question

1 point(s)

USD appreciating against GBP; Short GBPINR and long USDINR for same maturity
USD depreciating against GBP; Short GBPINR and long USDINR for same maturity
USD depreciating against GBP; Short USDINR and long GBPINR for same maturity
USD appreciating against GBP; Short USDIN and long GBPINR for same maturity

Question 48 of 100

48. Question

1 point(s)

Centralised risk management
Centralised trade management
Available only for Stock and Currencies
No centralised limits on trading positions

Question 49 of 100

49. Question

1 point(s)

Lot size
Requirement of proof of underlying FX transaction
Market timings
Both (2) and (3)

Question 50 of 100

50. Question

1 point(s)

Its always delivery based
the market participant can decide to settle it via gross settlement mechanism or net settlement mechanism.
Its by exchanging the difference in value of currency
None of the above

Question 51 of 100

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Question 100 of 100

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NISM Series IV – Interest Rate Derivatives Certification Exams

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