1)

Whic h of the followin g can be the underlyin g for a commodi ty deri vativ e contract? (a) (b) (c) (d) Interes t Rate Euro-India n Rupee Gold NIFTY t is don e .

2 )

Daily mar k to m arke t settlem en (a) (b) (c) (d)

Till the dat e of cont rac t expiry As long as the contrac t m ake s a loss On the las t day of week On the las t tradin g day of the m onth is the actua l proces s of exchangin g mone y and goods .

3)
(a) Transfer (b) (c) (d)

Settlem ent Netting Clearing work at makin g profit s by takin g ad vantag e of discrepanc y betw een

4)
(a) (b) (c) (d)

price s of the sam e produc t acros s differen t m arkets . A rbitragers Speculators Exchange Hedgers t betw n two entitie s to buy or sell the underlying ee

5)
(a)

A forwar d cont rac t is an agreem en FALSE (b) TRUE

asse t at a futur e date , at today' s pre-agree d price .

6)
(a)

Option s tradin g in commodit y tak e plac e in India n commodit y exchanges TRUE (b) FALSE

7)
(a)

Commodi ty exchange s enabl e producer s and consum r to hedg e thei r e seasona l risk (b) (c) (d) profi t risk productio n risk pric e risk ?

giv en

the uncertain ty of the future .

8)
(a)

Whic h of the followin g is no t tru e abou t the nationa l leve l exchanges Offer s onlin e trading (b) (c) (d) Recognise d on perm anen t basis Offer s singl e commodit y for trading Volum s highe r tha n regiona l exchanges e

9)

Whic h of the followin g Exchang e doe s no t offe r deri vativ e tradin g in Soybean? (a) (b) (c) (d) LME NCDEX CBOT MCX Exchange s provid e rea l tim , online , transparen t and vibran t spot e platfor m for com modities (a) (b) (c) (d) Electroni c Spot Regional Futures Stock can only trad e throug h thei r accoun t or on accoun t of thei r client s and Tradin g cum Clearin g Member (b) (c) (d) Tradin g Member Commodi ty Participant Associat e Member .

10)

11)
(a)

howe ver clea r thei r trad e throug h PCMs/S TCMs .

12)
(a)

Tradin g cum Clearin g m be r can carr y ou t transaction s on thei r own accoun t and em FALSE (b) TRUE

also on thei r client s account .

13)

The minimu m networt h requiremen (a) (b) (c) (d) 50 Lacs 500 Lacs 500 0 Lacs 5 lacs

t for PCM on the NCDEX is ____________.

14)
Member s can op t to m t the securi ty deposi t requirem ee en (a) (b) (c) (d) Cash Ban k Gua rantee Fixe d Deposi t Receipts All of the abo ve In the cas e of certai n commoditie s llike gold and silv er, deliver y is staggere d over days of the contract . (a) (b) (c) (d) Two Three Five Thirteen t is only for the increm enta l gain / loss as determ ine d on the basis t price t by way of .

15)
last

16)
of

The cas h settlem en . (a) (b) (c) (d)

Fina l settlem en Openin g price.

Averag e pric e for the day Last trade d price .

17)
(a)

Uni t of tradin g for W hea t at NCDEX is 1 MT (b) (c) (d) 3 MT 1 kg 10 MT

18)
month.

Som e of the future s contrac t trade d on NCDEX expire s on day othe r tha n 20t h of the (a) (b) False True

19)
(a)

By usin g the currenc y forwar d m arke t to sell dollar s forward , an Im porter (b) (c) (d) Speculator Exporter Arbitrager

can lock

on to a rat e toda y and reduc e his uncertaint y.

20)
(a)

is the las t day on whic h the future s contrac t will be traded , at the end of Redemptio n Date (b) (c) (d) Expir y Date Exercis e Date Maturit y Date optio n give s the holde r the righ t bu t no t the obligatio n to buy an asse t by a

which it will ceas e to exist .

21)
(a)

"A Put (b) (c) (d) ITM OTM Call

certai n dat e for a certai n price. "

22)

Forward contract s ar e bilate ral cont ract s and henc e expose d to counte r par ty risk. (a) (b) TRUE FALSE optio n is an optio n tha t woul d lea d to a zero cas h flow to the holde r if it

23)
(a)

An In the m oney (b) (c) (d)

wer e exercise d immediatel y. At the m oney Out of the m oney Put

24)

A call option with a strik e pric e of 150 trade s in the m arke t at premiu m of Rs.12 . The . (a) (b) (c) (d) 12 10 2 8

spo t pric e is Rs.160 . The tim e valu e of the optio n is Rs.

25)
is

A pu t optio n with a strik e pric e of 150 trade s in the m arke t at Rs.8 . The spo t pric e Rs.160 . The intrinsi c valu e of the optio n is Rs. (a) 0 (b) (c) (d) 8 2 10 .

26)

A trade r buy s three-m ont

h pu t option s on 1 uni t of gold with a strik e of Rs.17000/10

gms at a premiu m of Rs.70 . Unit of tradin g is 1kg . On the day of expiration , the spot price of gold is Rs.16800/1 (a) 0 gm . Wha t is his ne t payoff? s (+ ) 13,000 (b) (c) (d) (+ ) 20,000 (- ) 13,000 (- ) 20,000

27)

One uni t of tradin g for Gua r See d future s is 10 MT and deli very uni t is 10 MT. A trader l on the future s m arket . A wee k late r Guar Seed

sells 1 uni t of Gua r See d at Rs.2500/Quinta future s trad e at (a) (b) (c) (d) Rs.2550/Quintal (-)5000 (+)5000 (+)50,000 (-)50,000

. How muc h profit/los s ha s he m e on his position? ad

28)

The (a) (b) (c) (d) Short Long Net Open

positio n is considere d for exposur e and daily margi n purposes.

29)

Whene ver the future s pric e moves away from the fair value , ther e woul d be opportunity (a)

for arbitrage . FALSE (b) TRUE

30)

Consider

a three-m onth is Rs.310

futures

cont ract on gold.

The fixed charge

per deposi t and the variabl e Assum e further that

storag e cost s ar e Rs.52. 5 pe r week . Assum e tha t the sto rage costs are paid at the tim of deposit. e the spot gold price is Rs.1500 0 pe r 10 gram s and the ris k-fre e rat e is 7% pe r annum . Wha t woul d the price of thre e m ont h gold future s if the deliver y uni t is one kg? Assum e tha t 3 m onth s are equa l to 13 weeks . ( b ) (a) 15,27,491

1 6 , 2 4 , 5 1 1 ( c ) 1 7 , 4 1

, 2 0 0 ( d )

1 5 , 0 0 , 2 0 0