n NISM Certifications
NSM General NISM
Medium

A person who expects EUR to appreciate against INR in 1 month trades currency futures accordingly. What type of market participant is he?

Practice question from NISM Series I - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Arbitrageur

  2. B

    Delta Player

  3. Speculator

    Correct answer

  4. D

    Hedger

Why this is the answer

Speculators take positions based on market view without underlying currency exposure.

Test yourself for real

Take a full General NISM mock test.

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