n NISM Certifications
XXI NISM Series XXI-A
Medium

Which of the following is an example of a "Derivatives" instrument?

Practice question from NISM XXI A for PMS - Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Stock share

  2. Futures contract

    Correct answer

  3. C

    Fixed deposit

  4. D

    Savings bank account

Why this is the answer

Futures are derivative contracts whose value derives from an underlying asset.

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.