n NISM Certifications
XIII NISM Series XIII
Medium

Mr. Shah purchased two futures contracts of Ambuja Cements Ltd at Rs. 600 (lot size 2000 shares). What will be his profit or loss if he sells them at Rs 607?

Practice question from NISM Series XIII for SIF - Mock Test 10 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs 14,000

  2. Rs 28,000

    Correct answer

  3. C

    Rs 20,000

  4. D

    Rs 27,500

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

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