NISM MERCHANT BANKING - 10
NISM MERCHANT BANKING
Mock Test with Answer key - Click Here >>
Q 1. In Offer For Sale through Stock Exchange Mechanism, the Seller(s) shall announce the intention of sale of shares prior latest by 5pm on ______ days
T-1
T-2
T-3
T-4
Q 2. There is no Red herring prospectus in a Fixed price issue - State whether True or False?
True
False
Q 3. Which of the following activities can be done by a Category 1 Merchant Banker apart from Advising/Underwriting
Record keeping of all the applicants
Legal advisor to the issue
Issue Management
Arranging for the demat of securities
Q 4. In a Book Built offer, if the floor price is fixed at Rs 1000 than the cap cannot exceed _____
Rs. 1100
Rs. 1200
Rs. 900
Rs. 800
Q 5. In case of an initial public offer, the entire pre-issue capital held by persons other than promoters shall be locked-in for a period of ____ year (apart from some exceptions)
1
2
3
5
Q 6. As per the listing agreement of stock exchanges, the minimum market capitalisation of the issuer should be ___________
Rs 25 crores
Rs 50 crores
Rs 75 crores
Rs 100 crores
Q 7. As per the SEBI (Delisting of Equity Shares) Regulations - It shall be the responsibility of the promoter and the compliance officer to ensure compliance with the provisions as stated by SEBI in its regulations - State True or False ?
True
False
Q 8. As per SEBI Merchant Banking regulations - Every merchant banker shall intimate to SEBI the place where the books of account, records and documents are maintained - State True or False ?
True
False
Q 9. Any non-promoter shareholder of eligible companies holding at least _____ of share capital may also offer shares through the Offer For Sale - OFS mechanism
5%
10%
15%
20%
Q 10. Any company which have been delisted under voluntary delisting clause cannot apply for relisting its shares for a period of ________
one year
two years
three years
five years
Q 11. The advertisement for a Rights Issue shall be made in at least __________
1 Hindi national daily newspaper with wide circulation
1 English national daily newspaper with wide circulation
1 regional language daily newspaper with wide circulation at the place where registered office of the issuer is situated
All of the above
Q 12. In order to issue securities, an issuer has to file a draft offer document with ________ through the appointed lead merchant banker and pay the requisite fees as described in the SEBI (ICDR) Regulations
Commerce Ministry
RBI
SEBI
Registrar of Companies
Q 13. The SEBI Merchant Banking Regulations 1992, provides for cases which are exempt from the obligation to make an open offer - State True or False ?
True
False
Q 14. According to SEBI (ICDR) regulations, the issuer company has a net worth of at least Rs 5 crore in each of the preceding 3 full years to be eligible to come out with a public issue - State True or False ?
True
False
Q 15. The regulation 7 of the SEBI MB Regulations specify that the capital adequacy requirements for applicants seeking registration as Merchant Bankers is that it shall have a net worth of not less than Rs 2 crore - State whether True or False ?
True
False