n NISM Certifications
NSM General NISM
Medium

If participant buys 20 lots of single bond futures at Rs. 97, then contract value _________.

Practice question from NISM Series IV - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 42,20,000

  2. B

    Rs. 35,50,000

  3. Rs. 38,80,000

    Correct answer

  4. D

    Rs. 33,25,000

Why this is the answer

20 lots × Rs 200,000 × 97% = Rs 38,80,000.

Test yourself for real

Take a full General NISM mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.