n NISM Certifications
NSM General NISM
Medium

A trader takes a long position in USDINR futures contract at a price of 65 by buying 40 lots. On expiry, the settlement price was 65.40. What is his profit or loss?

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

Options

  1. A

    Loss of Rs 16000

  2. Profit of Rs 16000

    Correct answer

  3. C

    Loss of Rs 1600

  4. D

    Profit of Rs 1600

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

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