n NISM Certifications
VII NISM Series VII
Medium

Mr. A has bought a PUT option of a security for Rs. 100.80. What is the applicable Securities Transaction Tax (STT)?

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

Options

  1. A

    100.80

  2. B

    0.10080

  3. C

    0.017136

  4. Not Applicable

    Correct answer

Why this is the answer

STT applies only on the sale of futures and option contracts, not on purchases.

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