n NISM Certifications
NSM General NISM
Medium

The Govt Bond futures price changes by 100 ticks. The change in value of one futures contract will be ________.

Practice question from NISM Series IV - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. 500

    Correct answer

  2. B

    200

  3. C

    5

  4. D

    2

Why this is the answer

Tick size = ₹0.0025, Face value = ₹200,000, Value per tick = 200,000 × 0.0025 / 100 = ₹5, For 100 ticks = 5 × 100 = ₹500

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