n NISM Certifications
XIII NISM Series XIII
Medium

A trader is bullish about USD and buys 5 lots of one-month USDINR future contracts at Rs.301500. On the expiry, the USDINR future were settled at Rs.60. What will be his profit or loss?

Practice question from NISM Series XIII for SIF - Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Profit of 15000

  2. Loss of 15000

    Correct answer

  3. C

    Loss of 1500

  4. D

    Profit of 1500

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

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