BSE’s Certification for Derivatives Exchange (BCDE) Examination

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MODEL TEST PAPER FOR BCDE

Q. Id Question Option 1 Option 2 Option 3 Option 4

1

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?

-1400 -2400 2400 None of the

above

2

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?

-3800 -4800 4800 None of the

above

3

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?

-12200 -13200 13200 None of the

above

4

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?

-18200 -19200 19200 None of the

above

5

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?

33400 32400 -32400 None of the

above

6

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?

29800 28800 -28800 None of the

above

7

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?

23800 22800 -22800 None of the

above

8

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?

20200 19200 -19200 None of the

above

9

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?

11800 10800 -10800 None of the

above

10

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?

285 40 220 None of the

above

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11

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?

40 205 165 None of the

above

12

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?

286 41 219 None of the

above

13

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?

41 204 163 None of the

above

14

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?

287 42 218 None of the

above

15

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?

42 203 161 None of the

above

16

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?

-29000 -30000 30000 None of the

above

17

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?

26200 25200 -25200 None of the

above

18

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?

25000 24000 -24000 None of the

above

19

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?

13000 12000 -12000 None of the

above

20

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?

8200 7200 -7200 None of the

above

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21

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?

7000 6000 -6000 None of the

above

22

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?

-2600 -3600 3600 None of the

above

23

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?

-6200 -7200 7200 None of the

above

24

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?

-7400 -8400 8400 None of the

above

25

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?

-21800 -22800 22800 None of the

above

26

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 (-)?

34600 33600 -33600 None of the

above

27

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 (-)?

34600 33600 -33600 None of the

above

28

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 (-)?

34600 33600 -33600 None of the

above

29

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 (-)?

34600 33600 -33600 None of the

above

30

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 (-)?

-23000 -24000 24000 None of the

above

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31

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 (-)?

-9800 -10800 10800 None of the

above

32

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?

257700 148500 109200 None of the

above

33

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?

284850 162000 122850 None of the

above

34

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?

312000 175500 136500 None of the

above

35

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?

339150 189000 150150 None of the

above

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36

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?

366300 202500 163800 None of the

above

37

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?

393450 216000 177450 None of the

above

38

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?

420600 229500 191100 None of the

above

39

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?

447750 243000 204750 None of the

above

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40

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?

474900 256500 218400 None of the

above

41

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?

81000 13500 94500 None of the

above

42

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?

94500 15750 110250 None of the

above

43

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?

108000 18000 126000 None of the

above

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44

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?

121500 20250 141750 None of the

above

45

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?

135000 22500 11500 None of the

above

46

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?

148500 24750 173250 None of the

above

47

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?

162000 27000 189000 None of the

above

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48

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?

175500 29250 204750 None of the

above

49

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?

189000 31500 220500 None of the

above

50

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?

202500 33750 236250 None of the

above

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

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