Q1

Bi-monthly options trading commenced on NSE in _______. (a) NSE does not trade in Bi-monthly options (b) 02-Jun-2005 (c) 04-Jul-2005 (d) 04-Jun-2005 (e) I am not attempting the question

[ 1 Mark ]

Q2 Q3

The value of taxable securities transaction relating to 'option in securities' is the ___________. ] (a) strike price + option premium. (b) strike price (c) premium (d) strike price - premium

[ 1 Mark

Q4

(e) I am not attempting the question In a option contract the option lies against [ 1 Mark ] (a) buyer (b) writer (c) both (d) none of the above

Q5

(e) I am not attempting the question Derivatives can be used for which of the following? (a) Hedging (b) benefit of cash and future price arbitrage (c) reverse arbitrage (d) All of the above

[ 1 Mark ]

Q6

(e) I am not attempting the question To be eligible for options trading, the market wide position limit in the stock should not be less than Rs. ___________ . [ 3 Marks ] (a) 250 crore (b) 100 crore

200 (b) 4500. The closing price of equity shares of DR.(c) 50 crore (d) 500 crore Q7 (e) I am not attempting the question In case a Future Contract is not traded in a day.13. Put options on the Nifty are available at three strike prices.300 (c) Pay-in of Rs. 2002? [ 2 Marks ] (a) Pay-out of Rs. Which strike will give you the insurance you want and in what quantity? [ 2 Marks ] (a) 5000. 2002. 1010 on that day.800 .50% (c) 0.000 portfolio with a beta 2. You would like to insure your portfolio against a fall in the index of magnitude higher than 10%.18.000 (b) Pay-in of Rs. [ 1 Mark ] (a) 1.00.0 . Shetty has sold 600 calls on DR. If the call option is assigned against her on that day.50% (b) 2.800 (d) Pay-out of Rs.75% (d) 3% (e) I am not attempting the question Q10 Ms. exclusive of statutory levies. which of the following prices is reckoned for daily mark to market settlement? [ 2 Marks ] (a) Closing price of the last traded day (b) Theoretical price (c) Closing price of the futures contract (d) Closing price of the underlying Q8 (e) I am not attempting the question You are the owner of a 10. REDDY'S LAB at a strike price of Rs 1000 for a premium of Rs.13. 200 Q9 (e) I am not attempting the question The maximum brokerage chargeable by a trading member in relation to trades effected in the contracts admitted to dealing on the F&O segment of NSEIL is fixed at ______ of the contract value. 400 (c) 5000. what is her net obligation on April 01. REDDY'S LAB is Rs.25 per call on April 1. 400 (d) 5000. Spot Nifty stands at 5000.9.

[ 2 Marks ] (a) GTD (b) IOC (c) Limit (d) GTC (e) I am not attempting the question Q15 Which of the following statement is true? (a) Basket trading is legal in India. volume and price at which each successive trade occurs. failing which the order is immediately cancelled from the system. [ 3 Marks ] [3 . (d) None of the above (e) I am not attempting the question Q13 Each user of the trading member in F&O segment of NSEIL is assigned a unique _________ ID Marks ] (a) user (b) trading member (c) branch (d) exchange (e) I am not attempting the question Q14 _______ order allows the user to execute a contract as soon as it is entered into the system. (b) NSE does not allow basket trading in it's F&O Segment. (a) T+1 (b) T+2 (c) T (d) T+1+2 (e) I am not attempting the question Q12 What is displayed in the NEAT Trading System Ticker Screen? [ 3 Marks ] [ 2 Marks ] (a) The electronic display that continuously shows only the stock symbol. (c) The electronic display that continuously shows only the stock symbol and volume at each successive trade occurs. (b) The electronic display that continuously shows only the price at which each successive trade occurs.(e) I am not attempting the question Q11 Daily Mark to Market settlement of futures takes place on ________ basis .

(a) equivalent to sub-broker in cash segment (b) a person authorised by the exchange as an approved user of a trading member (c) an approved user of a participant (d) All of the above (e) I am not attempting the question Q20 NSCCL's link through inter-alia [ 1 Mark ] (a) PIB [ 1 Mark ] [ 2 Marks ] [2 . 10. (d) F&O Segment has not a Basket trading facility. XYZ Ltd. Marks ] (a) be matched because it being a preferential order (b) be cancelled if it is not matched immediately. (c) get stored in the system for matching. 700. [ 1 Mark ] (a) Rs. (Lot Size: 500) expiring on 29/Jan/2008 for Rs. 40 (c) Rs. (e) I am not attempting the question Q16 Immediate or cancel is an order which will automatically __________ in F&O segment of NSEIL. 53 (d) Rs. 10 (b) Rs. The strike price of the contract is Rs. 60. The spot price of the share is Rs. The securities transaction tax thereon would be _________. if not executed immediately (d) get traded (e) I am not attempting the question Q17 Ms. 290. Asha sells an options contract of M/s. (a) as a barometer for market behavior (b) as a benchmark of portfolio performance (c) in portfolio management (d) All of the above (e) I am not attempting the question Q19 An 'authorised person' in the Futures & Options segment is ___________.(c) Basket trading has been discontinued in the F&O Segment.35 (e) I am not attempting the question Q18 A market index is very important for its use ___________.

(a) buyer (b) designer [ 1 Mark ] [ 2 Marks ] [ 2 Marks ] [ 2 Marks ] .(b) Neat (c) Odean (d) Bolt Q21 (e) I am not attempting the question NSCCL calculate margin through [ 3 Marks ] (a) Span (b) Odean (c) PIB (d) Shilpy (e) I am not attempting the question Q22 Which of the following contracts are compulsorily settled on exercise date? (a) At the money option contracts (b) Deep in the money option contracts (c) out the money option contracts (d) None of the above (e) I am not attempting the question Q23 Which of the following are not derivatives? (a) Options (b) Futures (c) Forward Rate Agreements (d) Hedge Fund (e) I am not attempting the question Q24 Initial margin is collected to __________. (a) make good daily losses (b) square-off a position on the expiry of the contract (c) safeguard against potential losses on out-standing positions (d) provide for losses that have already occurred (e) I am not attempting the question Q25 Security Transaction tax is payable by the __________ of the option instrument.

(a) Option price (b) option price + intrinsic value (c) option price – Intrinsic value (d) option price + real value (e) I am not attempting the question Q27 The beta of Mini Nifty is _______. 30 million of the S&P CNX Nifty works out to be about 0. a sell order of that value will go through at a price of Rs.50 (d) 1. (a) directly through SEBI (b) Through stock exchange (c) on Recommendation of other Member broker (d) all of the above (e) I am not attempting the question Q29 The market impact cost on a trade of Rs. _______. This means that if S&P CNX Nifty is at 2000.(c) writer (d) originator (e) I am not attempting the question Q26 The Time value of a call option is the amount the option is ________.01%. [ 1 Mark ] (a) bought and sold on an exchange [ 1 Mark ] [ 1 Mark ] . [ 1 Mark ] (a) 1999 (b) 1995 (c) 1.999. [ 2 Marks ] (a) 1.999.80 (e) I am not attempting the question Q30 Gold ETFs can be ________.7 (b) 1 (c) 0 (d) (-)1 (e) I am not attempting the question Q28 For admitting stock broker a person make application .

(c) both (d) None of the above (e) I am not attempting the question .(b) through Trading member only.

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