Capital Markets & Investment Certifications (NISM & CFA Level 1) previous year questions (PYQ)

2026 (30300 questions)

Q1.

[NISM - Equity Derivatives - Professional Certification #84] An investor purchases a Call Option with a strike price of ₹500 for a premium of ₹30. What is the break-even price of the underlying asset at expiration?

(A)

₹470

(B)

₹560

(C)

₹530

(D)

₹500

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Q2.

[NISM - Equity Derivatives - Professional Certification #14] An investor purchases a Call Option with a strike price of ₹500 for a premium of ₹30. What is the break-even price of the underlying asset at expiration?

(A)

₹500

(B)

₹530

(C)

₹470

(D)

₹560

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2025 (72 questions)

Q1.

[CFA Level 1 - Financial Reporting & Analysis - Professional Certification #270] Under IFRS, how are research costs and development costs treated respectively?

(A)

Research costs must be expensed as incurred; development costs may be capitalized if feasibility criteria are met

(B)

Research costs are capitalized while development costs are expensed

(C)

Both research and development costs must be expensed immediately under all circumstances

(D)

Both research and development costs must be capitalized as intangible assets

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Q2.

[JAIIB - Principles & Practices of Banking - Professional Certification #351] Under RBI guidelines, a Non-Performing Asset (NPA) is a loan or advance where interest and/or instalment of principal remains overdue for a period of more than:

(A)

90 days in respect of a term loan

(B)

180 days in respect of a term loan

(C)

30 days in respect of cash credit

(D)

365 days across all retail advances

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2024 (90 questions)

Q1.

Financial Valuation & Risk Governance: In quantitative risk assessment of 'Financial Ratio Analysis Liquidity Solvency and Profitability', which metric reliably gauges liquidity coverage and credit solvency?

(A)

Interest coverage ratio and net debt-to-EBITDA within prudential regulatory thresholds (Financial Ratio Analysis Liquidity Solvency and Profitability)

(B)

Gross uncollateralized receivables divided by overdue accounts payable

(C)

Speculative inventory holding periods ignoring market depreciation

(D)

Nominal face value of authorized share capital without considering equity

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Q2.

[NISM - Equity Derivatives - Professional Certification #295] An investor purchases a Call Option with a strike price of ₹500 for a premium of ₹30. What is the break-even price of the underlying asset at expiration?

(A)

₹560

(B)

₹500

(C)

₹470

(D)

₹530

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2023 (72 questions)

Q1.

[CFA Level 1 - Financial Reporting & Analysis - Professional Certification #480] Under IFRS, how are research costs and development costs treated respectively?

(A)

Both research and development costs must be capitalized as intangible assets

(B)

Both research and development costs must be expensed immediately under all circumstances

(C)

Research costs are capitalized while development costs are expensed

(D)

Research costs must be expensed as incurred; development costs may be capitalized if feasibility criteria are met

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Q2.

[CFA Level 1 - Financial Reporting & Analysis - Professional Certification #279] Under IFRS, how are research costs and development costs treated respectively?

(A)

Both research and development costs must be expensed immediately under all circumstances

(B)

Research costs must be expensed as incurred; development costs may be capitalized if feasibility criteria are met

(C)

Both research and development costs must be capitalized as intangible assets

(D)

Research costs are capitalized while development costs are expensed

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2022 (72 questions)

Q1.

[NISM - Equity Derivatives - Professional Certification #211] An investor purchases a Call Option with a strike price of ₹500 for a premium of ₹30. What is the break-even price of the underlying asset at expiration?

(A)

₹560

(B)

₹470

(C)

₹500

(D)

₹530

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Q2.

[NISM - Equity Derivatives - Professional Certification #245] An investor purchases a Call Option with a strike price of ₹500 for a premium of ₹30. What is the break-even price of the underlying asset at expiration?

(A)

₹470

(B)

₹530

(C)

₹500

(D)

₹560

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2021 (72 questions)

Q1.

[CFA Level 1 - Financial Reporting & Analysis - Professional Certification #143] Under IFRS, how are research costs and development costs treated respectively?

(A)

Both research and development costs must be expensed immediately under all circumstances

(B)

Research costs are capitalized while development costs are expensed

(C)

Both research and development costs must be capitalized as intangible assets

(D)

Research costs must be expensed as incurred; development costs may be capitalized if feasibility criteria are met

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Q2.

[NISM - Equity Derivatives - Professional Certification #266] An investor purchases a Call Option with a strike price of ₹500 for a premium of ₹30. What is the break-even price of the underlying asset at expiration?

(A)

₹530

(B)

₹500

(C)

₹560

(D)

₹470

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2020 (72 questions)

Q1.

[CFA Level 1 - Financial Reporting & Analysis - Professional Certification #153] Under IFRS, how are research costs and development costs treated respectively?

(A)

Both research and development costs must be expensed immediately under all circumstances

(B)

Both research and development costs must be capitalized as intangible assets

(C)

Research costs are capitalized while development costs are expensed

(D)

Research costs must be expensed as incurred; development costs may be capitalized if feasibility criteria are met

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Q2.

[JAIIB - Principles & Practices of Banking - Professional Certification #198] Under RBI guidelines, a Non-Performing Asset (NPA) is a loan or advance where interest and/or instalment of principal remains overdue for a period of more than:

(A)

90 days in respect of a term loan

(B)

180 days in respect of a term loan

(C)

365 days across all retail advances

(D)

30 days in respect of cash credit

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2019 (72 questions)

Q1.

[NISM - Equity Derivatives - Professional Certification #275] An investor purchases a Call Option with a strike price of ₹500 for a premium of ₹30. What is the break-even price of the underlying asset at expiration?

(A)

₹470

(B)

₹560

(C)

₹530

(D)

₹500

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Q2.

[JAIIB - Principles & Practices of Banking - Professional Certification #119] Under RBI guidelines, a Non-Performing Asset (NPA) is a loan or advance where interest and/or instalment of principal remains overdue for a period of more than:

(A)

180 days in respect of a term loan

(B)

30 days in respect of cash credit

(C)

90 days in respect of a term loan

(D)

365 days across all retail advances

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2018 (74 questions)

Q1.

[CFA Level 1 - Financial Reporting & Analysis - Professional Certification #382] Under IFRS, how are research costs and development costs treated respectively?

(A)

Both research and development costs must be capitalized as intangible assets

(B)

Research costs must be expensed as incurred; development costs may be capitalized if feasibility criteria are met

(C)

Research costs are capitalized while development costs are expensed

(D)

Both research and development costs must be expensed immediately under all circumstances

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Q2.

[CFA Level 1 - Financial Reporting & Analysis - Professional Certification #300] Under IFRS, how are research costs and development costs treated respectively?

(A)

Both research and development costs must be capitalized as intangible assets

(B)

Research costs must be expensed as incurred; development costs may be capitalized if feasibility criteria are met

(C)

Both research and development costs must be expensed immediately under all circumstances

(D)

Research costs are capitalized while development costs are expensed

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2017 (74 questions)

Q1.

[JAIIB - Principles & Practices of Banking - Professional Certification #452] Under RBI guidelines, a Non-Performing Asset (NPA) is a loan or advance where interest and/or instalment of principal remains overdue for a period of more than:

(A)

180 days in respect of a term loan

(B)

30 days in respect of cash credit

(C)

365 days across all retail advances

(D)

90 days in respect of a term loan

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Q2.

[CFA Level 1 - Financial Reporting & Analysis - Professional Certification #440] Under IFRS, how are research costs and development costs treated respectively?

(A)

Research costs are capitalized while development costs are expensed

(B)

Research costs must be expensed as incurred; development costs may be capitalized if feasibility criteria are met

(C)

Both research and development costs must be capitalized as intangible assets

(D)

Both research and development costs must be expensed immediately under all circumstances

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2016 (74 questions)

Q1.

[CFA Level 1 - Financial Reporting & Analysis - Professional Certification #473] Under IFRS, how are research costs and development costs treated respectively?

(A)

Research costs must be expensed as incurred; development costs may be capitalized if feasibility criteria are met

(B)

Research costs are capitalized while development costs are expensed

(C)

Both research and development costs must be capitalized as intangible assets

(D)

Both research and development costs must be expensed immediately under all circumstances

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Q2.

[CFA Level 1 - Financial Reporting & Analysis - Professional Certification #473] Under IFRS, how are research costs and development costs treated respectively?

(A)

Research costs must be expensed as incurred; development costs may be capitalized if feasibility criteria are met

(B)

Research costs are capitalized while development costs are expensed

(C)

Both research and development costs must be capitalized as intangible assets

(D)

Both research and development costs must be expensed immediately under all circumstances

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2015 (74 questions)

Q1.

[JAIIB - Principles & Practices of Banking - Professional Certification #171] Under RBI guidelines, a Non-Performing Asset (NPA) is a loan or advance where interest and/or instalment of principal remains overdue for a period of more than:

(A)

90 days in respect of a term loan

(B)

30 days in respect of cash credit

(C)

180 days in respect of a term loan

(D)

365 days across all retail advances

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Q2.

[NISM - Equity Derivatives - Professional Certification #148] An investor purchases a Call Option with a strike price of ₹500 for a premium of ₹30. What is the break-even price of the underlying asset at expiration?

(A)

₹530

(B)

₹500

(C)

₹560

(D)

₹470

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