n NISM Certifications
XXI NISM Series XXI-A
Medium

What is the 99% 1-day VaR for a portfolio worth Rs. 75 lakhs?

Practice question from NISM XXI A for PMS - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. - 2.17 lakhs

  2. Rs. - 1.62 Lakhs

    Correct answer

  3. C

    Rs. 3.25 lakhs

  4. D

    Rs. - 0.85 lakhs

Why this is the answer

Calculated VaR based on standard deviation and Z-score yields approximately Rs. 1.62 lakh.

Test yourself for real

Take a full NISM Series XXI-A mock test.

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