n NISM Certifications
VIII NISM Series VIII
Medium

Mr. Deepak wants to buy 20 contracts of October series at Rs. 3500 and Mr. Suraj wants to buy 12 contracts of November series at Rs. 3600. Lot size is 50 for both these contracts. The initial margin is fixed at 8%. How much initial margin is required to be collected from both these traders by the broker?

Practice question from NISM Series VIII - Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 5,84,500

  2. B

    Rs. 3,75,200

  3. C

    Rs. 6,12,600

  4. Rs. 4,52,800

    Correct answer

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

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NISM Series VIII - Mock Test 1