NISM MERCHANT BANKING - 3
NISM MERCHANT BANKING
Mock Test with Answer key - Click Here >>
Q 1. _______ shall not be deemed to be a promoter merely by virtue of the fact that 20% or more of the equity share capital of the issuer is held by such person 1) Category III foreign portfolio investor 2) Financial institution 3) Mutual Fund 4) Schedule
2, 3 and 4
1 and 4 only
1 , 2 and 3
1 and 3 only
Q 2. As per the SEBI ICDR Regulation, _____________ shall not be deemed to be a promoter merely by virtue of the fact that 20% or more of the equity share capital of the issuer is held by such person i) Category III foreign portfolio investor ii) Mutual F
i and ii only
ii, iii and iv only
i , ii and iii only
All of the above
Q 3. As per SEBI (Prohibition of Insider Trading) Regulations, the code of conduct shall contain norms for appropriate _________ procedures and processes for permitting any designated person to ldquo;cross the wallrdquo;
Chinese Wall
Berlin Wall
Great Wall
French Wall
Q 4. _________ give the seller the right, but not the obligation, to sell a given quantity of the underlying asset at a given price on or before a given date
Call Options
Put Options
Swaps
Forward trade
Q 5. Documents relating to due diligence exercised in pre-issue and post-issue activities of issue management and in case of takeover, buy-back and delisting of securities have to be preserved for ___ years by the Merchant Banker
3
5
7.5
10
Q 6. A merchant banker, who has already been granted a certificate of registration, has to a pay a fees of ______ every three years to keep the registration in force
Rs. 3 lakh
Rs. 6 lakh
Rs. 9 lakh
Rs. 7 lakh
Q 7. In case the issuer opts for the alternate method of book building, the issuer may offer the specified securities to its employees at a price not lower than by more than ______ of the floor price
five percent
ten percent
fifteen percent
twenty percent
Q 8. A merchant banker cannot be a lead manager if he is a promoter or a director of the issuer of securities State True or False?
True
False
Q 9. Apart from other regulators, Mergers and Acquisitions in India are also regulated by the The Competition Act 2002 - State True or False ?
True
False
Q 10. As SEBI (Delisting of Equity Shares) Regulations - no company shall apply for and no stock exchange shall permit delisting of equity shares of the company unless a period of _____ years has elapsed since listing
1
2
3
5
Q 11. A company can come out with a Rights Issue even if some of its existing shares are partly paid up State True or False ?
True
False
Q 12. The merchant banker leading a public offer is popularly known as the lsquo;Lead Managerrsquo; State whether True or False
True
False
Q 13. A person was has been aggrieved by any order of SEBI can appeal to the Securities Appellate Tribunal (SAT) within a period of _______ from the date on which a copy of the order was received
15
30
45
60
Q 14. In case of a public issue of debt securities, the Draft Prospectus should be available to the public for comments for a period of ______
7 days
15 days
21 days
30 days
Q 15. As per the Depositories Act , the principal function of the Depository is to provide a facility for investors to hold securities in dematerialised form and transfer the ownership of securities __________ by book entry
Automatically
Electronically
Manually
Physically