n NISM Certifications
NSM General NISM
Medium

If the base price of a security is Rs 500 and the price range is 2%, the opening price will be _______.

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

Options

  1. A

    Cannot be lower than Rs 490

  2. B

    Cannot be higher than Rs 510

  3. Both A and B

    Correct answer

  4. D

    None of the above

Why this is the answer

Price band ±2% of Rs 500 = Rs 10, so range Rs 490–510.

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