n NISM Certifications
X NISM Series X
Medium

Meghana bought 1000 shares of Rs. 100 face value at Rs. 200 each. After consolidation, she sold at Rs. 540. What is her long-term capital gain?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 50,000

  2. Rs. 70,000

    Correct answer

  3. C

    Rs. 1,70,000

  4. D

    Rs. 50,000 (short-term)

Why this is the answer

The holding period exceeds one year, making it long-term; after adjusting for consolidation, the profit calculation yields Rs. 70,000.

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