n NISM Certifications
XXI NISM Series XXI-A
Medium

A 'Futures Contract' is an agreement to:

Practice question from NISM XXI A for PMS - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Buy or sell an asset at a specified price on a specified future date

    Correct answer

  2. B

    Immediately buy or sell an asset at current market price

  3. C

    Enter into a loan agreement

  4. D

    Transfer ownership of securities permanently

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

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