n NISM Certifications
XIII NISM Series XIII
Medium

Which of the following best describes the 'Basis' in the context of futures trading?

Practice question from NISM Series XIII for SIF - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. The difference between futures and spot prices

    Correct answer

  2. B

    The total profit or loss on a futures position

  3. C

    The initial margin required for trading

  4. D

    The maximum possible profit from a futures trade

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

Test yourself for real

Take a full NISM Series XIII mock test.

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