n NISM Certifications
XXI NISM Series XXI-A
Medium

How is NIFTY50 USD calculated?

Practice question from NISM XXI A for PMS - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. NIFTY 50 * (Exchange rate USDINR on a base date / Exchange Rate USDINR for the day)

    Correct answer

  2. B

    NIFTY 50 * (1-month Future Exchange Rate USDINR on a base date/1-month Future Exchange Rate USDINR for the day)

  3. C

    (NIFTY 50 previous day close / NIFTY 50 for the day) * (Exchange rate USDINR on a base date / Exchange Rate USDINR for the day)

  4. D

    NIFTY 50 * (Exchange rate USDINR for the day / Exchange Rate USDINR on base date)

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

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