n NISM Certifications
NSM General NISM
Medium

Mr. Praveen buys 10 lots of USDINR December futures at ₹81.10. If INR depreciates by 100 ticks, what is his profit or loss?

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

Options

  1. Profit of ₹2,500

    Correct answer

  2. B

    Profit of ₹250

  3. C

    Loss of ₹2,500

  4. D

    Loss of ₹250

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

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