n NISM Certifications
XIII NISM Series XIII
Medium

A trader sells 20 lots of USDINR September futures at 83.20 and squares off after INR depreciates by 60 ticks. What is the result?

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 Rs 3000

  2. Loss of Rs 3000

    Correct answer

  3. C

    Profit of Rs 300

  4. D

    Loss of Rs 300

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

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