n NISM Certifications
XIII NISM Series XIII
Medium

A Call Option grants the holder the right to buy ________ of the underlying at the strike price.

Practice question from NISM Series XIII for SIF - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Any quantity

  2. The specified lot size only

    Correct answer

  3. C

    Less than the lot size

  4. D

    More than the lot size

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

Test yourself for real

Take a full NISM Series XIII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.