n NISM Certifications
NSM General NISM
Medium

The permissible maturity for underlying Treasury Bill futures in India are ________.

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

Options

  1. A

    91, 182 and 364 days

  2. B

    14, 182 and 364 days

  3. C

    14, 91 and 182 days

  4. None of the above

    Correct answer

Why this is the answer

Only 91-day T-Bill is permissible as underlying for futures, not 182 or 364 days.

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