n NISM Certifications
NSM General NISM
Medium

An exporter has an export order of USD 25 million, payment due in 3 months. What is the forward contract limit?

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

Options

  1. Maximum USD 25 million for 3 months

    Correct answer

  2. B

    Maximum USD 25 million for 1 month

  3. C

    Maximum USD 12.5 million for 3 months

  4. D

    Any amount for 6 months

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

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