n NISM Certifications
X NISM Series X
Medium

A Nifty futures contract like "FUTIDX NIFTY 26 Aug 2021" signifies:

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Midpoint of start and end date

  2. B

    Trading start day

  3. Contract expiry date

    Correct answer

  4. D

    Arbitrary date fixed by exchange

Why this is the answer

The date indicates the last trading day, i.e., the expiry date of the futures contract.

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