n NISM Certifications
XIII NISM Series XIII
Medium

A 'DERIVATIVE PRODUCT' can be best described as a ______.

Practice question from NISM Series XIII for SIF - Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Complex product traded only among banks/institutions

  2. Product whose value is derived from one or more underlying variables

    Correct answer

  3. C

    Product from Equity/Currency/Commodity markets traded on recognized exchanges

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

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