n NISM Certifications
NSM General NISM
Medium

Mr. XYZ sells 10 lots of EURINR at ₹70.2575 expecting prices to fall. If price rises by 10 ticks (tick size = ₹0.0025), what is his profit/loss? (1 lot = 1000 EUR)

Practice question from NISM Series I - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Profit of ₹250

  2. Loss of ₹250

    Correct answer

  3. C

    Profit of ₹300

  4. D

    Loss of ₹300

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

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