n NISM Certifications
XIII NISM Series XIII
Medium

Meghna wants to sell 34 contracts of ABC futures at Rs. 2450 (contract multiplier is 50). Initial margin is 7%. How much will the initial margin to be paid be?

Practice question from NISM Series XIII for SIF - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 4165000

  2. B

    Rs. 83300

  3. C

    Rs. 5831

  4. Rs. 291550

    Correct answer

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

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