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Question 1 reset

Which of the following is also called Last Trading Day ?

Expiry date

Final Settlement Date

Question 2 reset

Expiry date is the day on which trading ceases in the contract.

True

False

Question 3 reset

Expiry date is ______ working days prior to the final settlement date.

two

five

seven

ten

Question 4 reset

Contract size also called as Lot size is the amount of asset that has to be delivered under one contract.

True

False

Question 5 reset

In case of USDJPY, the Contract size is

USD 1000

USD 2000

USD 3000

USD 4000

Question 6 reset

The amount that must be deposited in the margin account at the time a futures contract is first entered into is known as initial margin.

False

True

Question 7 reset

The daily settling of gains and losses due to changes in the market value of the security is called

Marking to market

Initial margin

Question 8 reset

The advantages of Futures is/are

Price transparency.

Elimination of Counterparty credit risk.

Access to all types of market participants.

Futures offer low cost of trading as compared to OTC market.

All the above

Question 9 reset

Retail speculators with no exposure to FX cannot trade in OTC market.

True

False

Question 10 reset

The profit/loss associated with change of one tick is

(contract amount) ÷ (tick)

(contract amount) × (tick)

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