n NISM Certifications
XIII NISM Series XIII
Medium

A trader Mr. Raj wants to sell 10 contracts of June series at Rs. 5200 and a trader Mr. Rahul wants to buy 5 contracts of July series at Rs. 5250. Lot size is 50 for both these contracts. The Initial Margin is fixed at 10%. How much Initial Margin is required to be collected from both these investors by the broker?

Practice question from NISM Series XIII for SIF - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs 2,60,000

  2. B

    Rs 1,31,250

  3. Rs 3,91,250

    Correct answer

  4. D

    Rs 1,28,750

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

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