SEBI - Investor Certification Examination

SEBI - Investor Certification Examination

 4

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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

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