n NISM Certifications
VII NISM Series VII
Medium

A futures contract worth Rs 459,780 was sold on a recognised stock exchange. What is the STT (in Rs.) payable on it?

Practice question from NISM Series VII Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    9.1956

  2. B

    919.56

  3. 91.956

    Correct answer

  4. D

    0.9195

Why this is the answer

STT on futures sale = 0.02% of contract value → 459,780 × 0.02% = 91.956 Rs.

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