n NISM Certifications
NSM General NISM
Medium

The current position limit at Clearing Member level is __________.

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

Options

  1. A

    3% of total open interest or Rs. 200 Crore, whichever is higher

  2. B

    10% of total open interest or Rs. 600 Crore, whichever is higher

  3. C

    25% of the outstanding of underlying bond

  4. No separate position limit is prescribed

    Correct answer

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

Test yourself for real

Take a full General NISM mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.