n NISM Certifications
XIII NISM Series XIII
Medium

An importer buys 20 lots of USDINR at ₹53. At expiry, the settlement price is ₹54.30. What is the total profit/loss?

Practice question from NISM Series XIII for SIF - Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Profit of ₹2,600

  2. Profit of ₹26,000

    Correct answer

  3. C

    Loss of ₹2,600

  4. D

    Loss of ₹26,000

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

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