n NISM Certifications
NSM General NISM
Medium

The underlying for Interest rate futures is ________.

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

Options

  1. Bond

    Correct answer

  2. B

    Interest Rate

  3. C

    Commodity

  4. D

    Currency

Why this is the answer

The underlying is a bond, typically a government bond.

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.