n NISM Certifications
XIII NISM Series XIII
Medium

Which of these is an example of a 'Non-Deliverable Forward (NDF)'?

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

Options

  1. A forward contract settled in cash without physical delivery of the underlying

    Correct answer

  2. B

    A standard futures contract traded on an exchange

  3. C

    A spot transaction settled immediately

  4. D

    A swap agreement between two parties

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

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