n NISM Certifications
NSM General NISM
Medium

Miss Alpana creates a long position in JPYINR futures at 64.50 by buying 30 lots. At expiry, settlement price is 64.60. Calculate profit/loss?

Practice question from NISM Series I - Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Profit of Rs 300

  2. Profit of Rs 3,000

    Correct answer

  3. C

    Profit of Rs 30,000

  4. D

    Profit of Rs 300,000

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

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