SEBI - Investor Certification Examination
SEBI - Investor Certification Examination
Q 16. What is the new feature introduced in ASBA regarding payment methods?
Cash payment at designated centers
Credit card payments
Unified Payment Interface (UPI)
None of the above
Q 17. What happens to the blocked amount if securities are not allotted to the investor?
It is refunded instantly
It continues to earn interest
It is used for listing shares on stock exchanges
None of the above
Q 18. Who prepares the prospectus for a securities issue in the primary market?
SEBI
Stock exchanges
Merchant bankers hired by the issuing company
None of the above
Q 19. What is the purpose of UPI in the ASBA process?
To facilitate the listing of shares on stock exchanges
To simplify the application process for investors
To block funds and make payments in the public issue process
None of the above
Q 20. When did the option of applying through ASBA for public issues become available to investors?
1-May-10
1-May-20
1-Jan-10
None of the above
Q 21. What is the main advantage of ASBA for investors?
Instant allotment of securities
Guaranteed profits on investments
Convenience and ease of use
None of the above
Q 22. What is the secondary market?
Where companies issue new securities for the first time
Where securities are traded after being issued in the primary market
Where investors apply for shares through ASBA
None of the above
Q 23. What facilitates the buying and selling of stocks in the secondary market?
Demat account
Listing of shares on stock exchanges
IPO process
None of the above
Q 24. Who can purchase securities in the secondary market?
Only institutional investors
Only accredited investors
Anyone willing to pay the price at which the securities are being traded
None of the above
Q 25. What is the purpose of completing the Know Your Client (KYC) process?
To facilitate the listing of shares on stock exchanges
To prevent money laundering
To ensure high returns on investments
None of the above
Q 26. What documents are required for the KYC process?
Proof of identity only
Proof of address only
Both proof of identity and proof of address
None of the above
Q 27. How can the KYC process be done?
Only through offline methods
Only through online methods
Both online through Aadhaar-based E-KYC mechanism and offline
None of the above
Q 28. What is the pay-out day?
The day when the stock exchange makes payment of funds to the broker
The day when the broker credits funds to the investor's bank account
The day when the broker delivers securities to the stock exchange
None of the above
Q 29. What is the timeframe for settlement of trades on a T+2 basis?
Trades are settled on the same day
Trades are settled one day after the trade day
Trades are settled two working days after the trade day
None of the above
Q 30. What happens on the pay-out day?
The stock exchange delivers securities to the broker
The broker delivers securities to the stock exchange
The broker credits funds to the investor's bank account