n NISM Certifications
XIII NISM Series XIII
Medium

Broker Mr. A charges Rs 20 per lot of USDINR futures on only one leg of the transaction if it’s squared off the same day. Broker Mr. B charges Rs 15 per lot on both legs even if squared off the same day. A client buys 15 lots and sells 10 lots the same day, and the remaining 5 after 4 days. What is the brokerage charged by Mr. A and Mr. B respectively?

Practice question from NISM Series XIII for SIF - Mock Test 9 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. 400 and 450

    Correct answer

  2. B

    350 and 375

  3. C

    525 and 470

  4. D

    390 and 410

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.