n NISM Certifications
XIII NISM Series XIII
Medium

Mr. Mohit buys 35 lots of USDINR 1-month futures at 45.50/45.65 and squares off 20 lots at 46.30/46.50. What is his profit/loss on the squared-off trades?

Practice question from NISM Series XIII for SIF - Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Loss of ₹11,500

  2. B

    Profit of ₹12,300

  3. Profit of ₹13,000

    Correct answer

  4. D

    Profit of ₹11,750

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

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