n NISM Certifications
XIII NISM Series XIII
Medium

A trading member buys 9 lots of April USDINR futures and sells 9 lots of May futures in proprietary book. A client buys 9 lots of April and sells 9 lots of May futures on the same day. What are the open positions at day end in USD?

Practice question from NISM Series XIII for SIF - Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Zero and Zero

  2. 18,000 and 18,000

    Correct answer

  3. C

    36,000 and 18,000

  4. D

    Zero and 18,000

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

Test yourself for real

Take a full NISM Series XIII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.