n NISM Certifications
NSM General NISM
Medium

Person goes short in a GBPINR futures contract at Rs.99.75 and on expiry GBPINR reference rate is Rs. 100.75, he will ________?

Practice question from Assessment Test — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Make profit of Rs. 1

  2. Make loss of Rs. 1

    Correct answer

  3. C

    No profit no loss

  4. D

    None of the above

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

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