n NISM Certifications
NSM General NISM
Medium

What would be the base price on the first day of launch of USDINR currency futures contract?

Practice question from NISM Series I - Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    What ever is the first price which is entered by a trader

  2. Theoretical price for that contract derived using interest rate parity principle

    Correct answer

  3. C

    The daily settlement price

  4. D

    The settlement price in the OTC market

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

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