Quiz B4C11 Bond Yield and Return

Which one of the following statement is incorrect

i. All transactions shall be deemed as invalid
ii. Transactions done before the order was declared void shall be valid and rest will be Void
iii. All the transactions shall be Valid
iv. All of the above

Mumbai futures exchange is about to open its trading at 9.30 AM IST. At time t1 open interest in Gold24 was 500 long contracts. At time t2 total open interest in Gold24 was 300 short contracts. In between t2 to t3 only two trades were entered, Mac entered a Limit order for Short 300 Gold24 Futures at $500 and Sam entered a Limit order for Long 500 Gold24 at $495 i.e. open contracts of 300 shorts and 500 long Gold24 in exchange. What is the open interest in Gold24 at time t3?

i. Authority of Advance ruling
ii. Appellate authority of advance ruling
iii. Both of them
iv. None of the above

Which one of the following statement is incorrect?

i. Yes
ii. No

Which one of the following statement is correct regarding Basis.

i. AAR and AAAR have the power to regulate its own procedure.
ii. Proceeding before the authority shall be deemed as judicial proceeding.
iii. Copy of advance ruling pronounced by the authority shall be signed by members
iv. All of the above

An investor entered into 5 Short Copper contracts where one contract consists of 200 Kgs of copper when the price per Kg of copper was $50. Assuming initial margin requirement is $3000 and the maintenance margin is $2000 which is paid by the investor at the time T0, find out amount need to be paid by the investor to maintain margin requirements at T1 if price increases to $51.5 and initial payment made by the investor at time T0 to fulfil margin requirements.

i. Rs.15000
ii. Rs.10000
iii. Rs.1500
iv. None of the above

Which one of the following statement is incorrect?

i. Rs.10000
ii. 10% of tax due from such person
iii. i. or ii whichever is lower
iv. i or ii whichever is higher

Which one of the following statement is incorrect

i. Rs.50000
ii. Rs.5000
iii. Rs.10000
iv. None of the above

Mumbai futures exchange is about to open its trading at 9.30 AM IST. At time t1 open interest in Gold24 was 500 long contracts. At time t2 total open interest in Gold24 was 300 short contracts. In between t2 to t3 only two trades were entered, Mac entered a Limit order for Short 300 Gold24 Futures at $500 and Sam entered a Limit order for Long 500 Gold24 at $495 i.e. open contracts of 300 shorts and 500 long Gold24 in exchange. What is the open interest in Gold24 at time t3?

i. Rs.50000
ii. Rs.5000
iii. Rs.10000
iv. None of the above

Which one of the following statement is incorrect?

i. Yes
ii. No

Which one of the following statement is correct regarding Basis.

i. Rs.10000
ii. Tax not deducted
iii. Lower of the above
iv. Higher of I and ii

An investor entered into 5 Short Copper contracts where one contract consists of 200 Kgs of copper when the price per Kg of copper was $50. Assuming initial margin requirement is $3000 and the maintenance margin is $2000 which is paid by the investor at the time T0, find out amount need to be paid by the investor to maintain margin requirements at T1 if price increases to $51.5 and initial payment made by the investor at time T0 to fulfil margin requirements.

i. Rs.120000
ii. 12000
iii. Rs.10000
iv. Rs.25000

Which one of the following statement is incorrect?

i. Yes
ii. No

Quiz B4C11 Bond Yield and Return

Quiz B4C11 Bond Yield and Return

Shashank 14th May 2020

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