n NISM Certifications
XIII NISM Series XIII
Medium

A trader buys a January ABC stock futures contract at Rs 768 and the lot size is 1200. If he squares off at Rs 778, what is his profit or loss?

Practice question from NISM Series XIII for SIF - Mock Test 11 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 12,000

  2. B

    Rs. 1,200,000

  3. Rs. 12,000

    Correct answer

  4. D

    Rs. 10,000

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

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