n NISM Certifications
NSM General NISM
Medium

A trading member trades in USDINR futures along with clients P and Q. The trades are as follows: TM: Buys 20 lots, sells 5 lots, Client P: Buys 15 lots, sells 3 lots, Client Q: Buys 12 lots, sells 2 lots. What are the open positions (in USD) for TM, P, and Q, respectively?

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

Options

  1. A

    30,000 | 10,000 | 8,000

  2. B

    12,000 | 12,000 | 10,000

  3. 37,000 | 12,000 | 10,000

    Correct answer

  4. D

    24,000 | 10,000 | 14,000

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

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NISM Series I - Mock Test 4