BSEs Certification for Derivatives Exchange (BCDE) Examination

MODEL TEST PAPER FOR BCDE Q. Id 1 Question

You sold one XYZ Stock Futures contract Rs. 248 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 250? You sold one XYZ Stock Futures contract Rs. 248 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 252? You sold one XYZ Stock Futures contract Rs. 248 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 259? You sold one XYZ Stock Futures contract Rs. 248 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 264? You sold one XYZ Stock Futures contract Rs. 278 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 251? You sold one XYZ Stock Futures contract Rs. 278 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 254? You sold one XYZ Stock Futures contract Rs. 278 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 259? You sold one XYZ Stock Futures contract Rs. 278 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 262? You sold one XYZ Stock Futures contract Rs. 278 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 269? If you sell a put option contract on a share with strike price of Rs. 245, market price of Rs. 260 and a premium of Rs. 40, how much is the maximum gain that you may have on expiry of this position?

Option 1
-1400

Option 2
-2400

Option 3
2400

Option 4
None of the above

-3800

-4800

4800

None of the above

-12200

-13200

13200

None of the above

-18200

-19200

19200

None of the above

33400

32400

-32400

None of the above

29800

28800

-28800

None of the above

23800

22800

-22800

None of the above

20200

19200

-19200

None of the above

11800

10800

-10800

None of the above

10

285

40

220

None of the above

BSE Institute Limited

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BSEs Certification for Derivatives Exchange (BCDE) Examination

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If you sell a put option contract on a share with strike price of Rs. 245, market price of Rs. 260 and a premium of Rs. 40, what is the maximum loss on expiry of this position? If you sell a put option contract on a share with strike price of Rs. 245, market price of Rs. 260 and a premium of Rs. 41, how much is the maximum gain that you may have on expiry of this position? If you sell a put option contract on a share with strike price of Rs. 245, market price of Rs. 260 and a premium of Rs. 41, what is the maximum loss on expiry of this position? If you sell a put option contract on a share with strike price of Rs. 245, market price of Rs. 260 and a premium of Rs. 42, how much is the maximum gain that you may have on expiry of this position? If you sell a put option contract on a share with strike price of Rs. 245, market price of Rs. 260 and a premium of Rs. 42, what is the maximum loss on expiry of this position? You sold one XYZ Stock Futures contract Rs. 248 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 273? You sold one XYZ Stock Futures contract Rs. 278 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 257? You sold one XYZ Stock Futures contract Rs. 278 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 258? You sold one XYZ Stock Futures contract Rs. 278 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 268? You sold one XYZ Stock Futures contract Rs. 278 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 272?

40

205

165

None of the above

286

41

219

None of the above

41

204

163

None of the above

287

42

218

None of the above

42

203

161

None of the above

-29000

-30000

30000

None of the above

26200

25200

-25200

None of the above

25000

24000

-24000

None of the above

13000

12000

-12000

None of the above

8200

7200

-7200

None of the above

BSE Institute Limited

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BSEs Certification for Derivatives Exchange (BCDE) Examination

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You sold one XYZ Stock Futures contract Rs. 278 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 273? You sold one XYZ Stock Futures contract Rs. 248 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 251? You sold one XYZ Stock Futures contract Rs. 248 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 254? You sold one XYZ Stock Futures contract Rs. 248 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 255? You sold one XYZ Stock Futures contract Rs. 248 and the lot size is 1,200. What is your profit (+) or loss (-), if you purchase the contract back at Rs. 267? You sold a XYZ Stock put contract at Rs. 230 strike price for Rs. 28 each. The lot size is 1,200. On the expiry day, XYZ Stock closed at Rs. 269. What is your net profit (+) or loss (-)? You sold a XYZ Stock put contract at Rs. 230 strike price for Rs. 28 each. The lot size is 1,200. On the expiry day, XYZ Stock closed at Rs. 274. What is your net profit (+) or loss (-)? You sold a XYZ Stock put contract at Rs. 230 strike price for Rs. 28 each. The lot size is 1,200. On the expiry day, XYZ Stock closed at Rs. 275. What is your net profit (+) or loss (-)? You sold a XYZ Stock put contract at Rs. 230 strike price for Rs. 28 each. The lot size is 1,200. On the expiry day, XYZ Stock closed at Rs. 276. What is your net profit (+) or loss (-)? You sold a XYZ Stock put contract at Rs. 280 strike price for Rs. 28 each. The lot size is 1,200. On the expiry day, XYZ Stock closed at Rs. 232. Your option was automatically exercised. What is your net profit (+) or loss (-)?

7000

6000

-6000

None of the above

-2600

-3600

3600

None of the above

-6200

-7200

7200

None of the above

-7400

-8400

8400

None of the above

-21800

-22800

22800

None of the above

34600

33600

-33600

None of the above

34600

33600

-33600

None of the above

34600

33600

-33600

None of the above

34600

33600

-33600

None of the above

-23000

-24000

24000

None of the above

BSE Institute Limited

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You sold a XYZ Stock put contract at Rs. 280 strike price for Rs. 28 each. The lot size is 1,200. On the expiry day, XYZ Stock closed at Rs. 243. Your option was automatically exercised. What is your net profit (+) or loss (-)? Investor A wants to buy 11 contracts of August series and Investor B wants to buy 8 contracts of September series at 4,500 and 4,550 respectively (contract multiplier 50). The Initial Margin is fixed at 6% (computed based on Price Scan Range) by the Clearing Corporation. How much Initial Margin is required to be collected from both investors together by the broker? Investor A wants to buy 12 contracts of August series and Investor B wants to buy 9 contracts of September series at 4,500 and 4,550 respectively (contract multiplier 50). The Initial Margin is fixed at 6% (computed based on Price Scan Range) by the Clearing Corporation. How much Initial Margin is required to be collected from both investors together by the broker? Investor A wants to buy 13 contracts of August series and Investor B wants to buy 10 contracts of September series at 4,500 and 4,550 respectively (contract multiplier 50). The Initial Margin is fixed at 6% (computed based on Price Scan Range) by the Clearing Corporation. How much Initial Margin is required to be collected from both investors together by the broker? Investor A wants to buy 14 contracts of August series and Investor B wants to buy 11 contracts of September series at 4,500 and 4,550 respectively (contract multiplier 50). The Initial Margin is fixed at 6% (computed based on Price Scan Range) by the Clearing Corporation. How much Initial Margin is required to be collected from both investors together by the broker?

-9800

-10800

10800

None of the above

257700

148500

109200

None of the above

284850

162000

122850

None of the above

312000

175500

136500

None of the above

339150

189000

150150

None of the above

BSE Institute Limited

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Investor A wants to buy 15 contracts of August series and Investor B wants to buy 12 contracts of September series at 4,500 and 4,550 respectively (contract multiplier 50). The Initial Margin is fixed at 6% (computed based on Price Scan Range) by the Clearing Corporation. How much Initial Margin is required to be collected from both investors together by the broker? Investor A wants to buy 16 contracts of August series and Investor B wants to buy 13 contracts of September series at 4,500 and 4,550 respectively (contract multiplier 50). The Initial Margin is fixed at 6% (computed based on Price Scan Range) by the Clearing Corporation. How much Initial Margin is required to be collected from both investors together by the broker? Investor A wants to buy 17 contracts of August series and Investor B wants to buy 14 contracts of September series at 4,500 and 4,550 respectively (contract multiplier 50). The Initial Margin is fixed at 6% (computed based on Price Scan Range) by the Clearing Corporation. How much Initial Margin is required to be collected from both investors together by the broker? Investor A wants to buy 18 contracts of August series and Investor B wants to buy 15 contracts of September series at 4,500 and 4,550 respectively (contract multiplier 50). The Initial Margin is fixed at 6% (computed based on Price Scan Range) by the Clearing Corporation. How much Initial Margin is required to be collected from both investors together by the broker?

366300

202500

163800

None of the above

393450

216000

177450

None of the above

420600

229500

191100

None of the above

447750

243000

204750

None of the above

BSE Institute Limited

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Investor A wants to buy 19 contracts of August series and Investor B wants to buy 16 contracts of September series at 4,500 and 4,550 respectively (contract multiplier 50). The Initial Margin is fixed at 6% (computed based on Price Scan Range) by the Clearing Corporation. How much Initial Margin is required to be collected from both investors together by the broker? An investor has an open long position of 6 contracts in XYZ futures August series (contract multiplier 50). The initial margin on XYZ futures was 6% (computed based on Price Scan Range) till yesterday, but has been revised to 7% today. The closing XYZ futures price both yesterday and today was 4,500. How much additional initial margin will the investor be required to bring in? An investor has an open long position of 7 contracts in XYZ futures August series (contract multiplier 50). The initial margin on XYZ futures was 6% (computed based on Price Scan Range) till yesterday, but has been revised to 7% today. The closing XYZ futures price both yesterday and today was 4,500. How much additional initial margin will the investor be required to bring in? An investor has an open long position of 8 contracts in XYZ futures August series (contract multiplier 50). The initial margin on XYZ futures was 6% (computed based on Price Scan Range) till yesterday, but has been revised to 7% today. The closing XYZ futures price both yesterday and today was 4,500. How much additional initial margin will the investor be required to bring in?

474900

256500

218400

None of the above

81000

13500

94500

None of the above

94500

15750

110250

None of the above

108000

18000

126000

None of the above

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An investor has an open long position of 9 contracts in XYZ futures August series (contract multiplier 50). The initial margin on XYZ futures was 6% (computed based on Price Scan Range) till yesterday, but has been revised to 7% today. The closing XYZ futures price both yesterday and today was 4,500. How much additional initial margin will the investor be required to bring in? An investor has an open long position of 10 contracts in XYZ futures August series (contract multiplier 50). The initial margin on XYZ futures was 6% (computed based on Price Scan Range) till yesterday, but has been revised to 7% today. The closing XYZ futures price both yesterday and today was 4,500. How much additional initial margin will the investor be required to bring in? An investor has an open long position of 11 contracts in XYZ futures August series (contract multiplier 50). The initial margin on XYZ futures was 6% (computed based on Price Scan Range) till yesterday, but has been revised to 7% today. The closing XYZ futures price both yesterday and today was 4,500. How much additional initial margin will the investor be required to bring in? An investor has an open long position of 12 contracts in XYZ futures August series (contract multiplier 50). The initial margin on XYZ futures was 6% (computed based on Price Scan Range) till yesterday, but has been revised to 7% today. The closing XYZ futures price both yesterday and today was 4,500. How much additional initial margin will the investor be required to bring in?

121500

20250

141750

None of the above

135000

22500

11500

None of the above

148500

24750

173250

None of the above

162000

27000

189000

None of the above

BSE Institute Limited

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An investor has an open long position of 13 contracts in XYZ futures August series (contract multiplier 50). The initial margin on XYZ futures was 6% (computed based on Price Scan Range) till yesterday, but has been revised to 7% today. The closing XYZ futures price both yesterday and today was 4,500. How much additional initial margin will the investor be required to bring in? An investor has an open long position of 14 contracts in XYZ futures August series (contract multiplier 50). The initial margin on XYZ futures was 6% (computed based on Price Scan Range) till yesterday, but has been revised to 7% today. The closing XYZ futures price both yesterday and today was 4,500. How much additional initial margin will the investor be required to bring in? An investor has an open long position of 15 contracts in XYZ futures August series (contract multiplier 50). The initial margin on XYZ futures was 6% (computed based on Price Scan Range) till yesterday, but has been revised to 7% today. The closing XYZ futures price both yesterday and today was 4,500. How much additional initial margin will the investor be required to bring in?

175500

29250

204750

None of the above

189000

31500

220500

None of the above

202500

33750

236250

None of the above

BSE Institute Limited

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BSEs Certification for Derivatives Exchange (BCDE) Examination

Answers: Q. Id 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 Answer
2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2

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2 2 2

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