n NISM Certifications
NSM General NISM
Medium

An exporter sells 100 lots of 1-month EURINR futures at 88. at expiry, the price is 87.70. What is the profit or loss?

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

Options

  1. A

    Profit of Rs 3000

  2. Profit of Rs 30000

    Correct answer

  3. C

    Loss of Rs 3000

  4. D

    Loss of Rs 30000

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

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