n NISM Certifications
NSM General NISM
Medium

A trader wants to SELL GBPINR one-month future at 70.50 when the current price is 70.50. When he is entering the limit order, the price is fluctuating between 70.40 to 70.80. At what price is the order likely to get executed?

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

Options

  1. A

    Any price between 70.40 to 70.80

  2. B

    Any price above 70.60

  3. C

    Any price below 70.60

  4. At or above 70.60

    Correct answer

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

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