n NISM Certifications
XIII NISM Series XIII
Medium

A trader has sold an ABC futures contract (contract multiplier 50) at 2500 and bought it back at 2700, what is the gain/loss for the trader?

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

Options

  1. A

    A gain of Rs. 10,000

  2. A loss of Rs. 10,000

    Correct answer

  3. C

    A gain of Rs. 15,000

  4. D

    A loss of Rs. 15,000

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

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