SEBI - Investor Certification Examination
SEBI - Investor Certification Examination
Q 46. Why must investors deliver shares or make payments before the pay-in day?
- To avoid penalties from the stock exchange
- To ensure the broker can settle the transaction with the stock exchange
- To receive dividends
- To get a refund
Q 47. How can instructions to create a margin pledge on securities be submitted?
- Only in physical form
- Only electronically
- Either in physical form or electronically
- No instructions are needed
Q 48. What is a Contract Note?
- A legal document that records the terms of a stock loan
- Evidence of trade done by the stock broker given to the investor
- A summary of stock exchange regulations
- An instruction manual for trading
Q 49. In what forms can Contract Notes be issued?
- Only in physical form
- Only in electronic form
- In both physical and electronic forms
- By text message
Q 50. What must an investor provide to receive electronic Contract Notes?
- Their phone number
- Authorization and email details
- Physical address
- Bank account details
Q 51. What feature of electronic Contract Notes makes them secure?
- They are printed on special paper
- They are delivered by courier
- They are digitally signed and encrypted
- They are issued with a watermark
Q 52. What is the purpose of a Basic Services Demat Account (BSDA)?
- To provide premium services for high-net-worth individuals
- To reduce the cost of maintaining securities in demat accounts for retail investors
- To offer advanced trading tools
- To provide insurance for securities
Q 53. What entity introduced the Basic Services Demat Account?
- The stock exchange
- The brokerage firms
- SEBI (Securities and Exchange Board of India)
- The Reserve Bank of India
Q 54. What needs to be included in a Contract Note?
- Personal details of the investor
- Details of the transaction such as securities bought/sold, traded price, time of trade, and brokerage
- Annual income of the investor
- Credit score of the investor
Q 55. What is required for electronic contract notes to be valid?
- Handwritten signature
- Notarization
- Digital signature and encryption
- Authorization from a lawyer
Q 56. What platform can NSDL account holders use to submit electronic instructions for a margin pledge?
- SPEED-e
- Easiest
- Paytm
- Amazon Pay
Q 57. What does BSDA stand for?
- Basic Savings and Deposit Account
- Basic Services Demat Account
- Basic Securities Deposit Account
- Basic Securities Demat Account
Q 58. What are the Annual Maintenance Charges (AMC) for BSDA if the value of equity holdings is up to ₹50,000?
- ₹100
- ₹200
- NIL
- ₹150
Q 59. How many physical statements are free of charge during the billing cycle for BSDA?
-1
-2
-3
-5
Q 60. At the time of account opening, how many Delivery Instruction Slips (DIS) are issued for BSDA?
-1
-2
-3
-5