NISM MERCHANT BANKING - 6
NISM MERCHANT BANKING - 6
Mock Test with Answer key - Click Here >>
Q 1. If SEBI has not issued any observation on the draft offer document, the lead merchant banker is required to submit which of the following document(s) to SEBI ?
Statement certifying that all changes, suggestions and observations made by SEBI have been incorporated in the offer document
Due diligence certificate at the time of registering the prospectus with the Registrar of Companies
Copy of the resolution passed by the board of directors of the issuer for allotting specified securities to promoters towards amount received against promoters’ contribution, before opening of the issue
All of the above
Q 2. M/s XYZ Ltd wishes to make an IPO and then lists its shares on the National Stock Exchange The company is required to take in-principle approval from which of the following stock exchanges ?
BSE and NSE as they are the most active stock exchanges in India today
Only NSE
All SEBI registered exchanges of India
None of the above
Q 3. According to SEBI SAST regulations, the open offer for acquiring shares to be made by the acquirer shall be for at least twenty six per cent of total shares of the target company, as of _______ working day from the closure of the tendering period
seventh
tenth
thirteenth
fifteenth
Q 4. In public issue of debt securities, the base issue size should be a minimum of _____
Rs 100 crore
Rs 200 crore
Rs 500 crore
Rs 1000 crore
Q 5. Merger is necessarily amongst two equal or comparable stature companies - State True or False ?
True
False
Q 6. The fees payable by the merchant banker on grant of certificate of registration should be by a demand draft in favour of lsquo;Association of Investment Bankers of India (AIBI)rsquo; payable at Mumbai State whether True or False
True
False
Q 7. As per the SEBI ICDR regulations, the minimum number of allottees for each placement of eligible securities made under QIP shall not be less than two, where the size is less than or equal to ________
Rs.250 crore
Rs.300 crore
Rs.400 crore
Rs.500 crore
Q 8. The criteria for FIT and PROPER person is described in SEBI ( Merchant Banking ) Regulations - State True or False ?
True
False
Q 9. The lead merchant banker has to submit the post-issue reports to _____
Stock Exchange
Issuer
Depository
SEBI
Q 10. What should the merchant banker check about the subscription before announcing to the public about the closure of the issue?
He should check that the issue has been subscribed atleast 75 percent
He should check that the issue has been subscribed atleast 80 percent
He should check that the issue has been subscribed atleast 90 percent
He should check that the issue has been subscribed atleast 95 percent
Q 11. In case of public issue of debt securities, the base issue size should be a minimum of Rs100 Crores - State True or False ?
True
False
Q 12. As per SEBI (Prohibition of Insider Trading) Regulations, 'unpublished price sensitive' information includes which of the following ?
changes in key managerial personnel
change in capital structure
financial results
All of the above
Q 13. The floor price or the price band needs to be announced by the eligible seller at least _____ day prior to the opening of the Institutional Placement Programme
1
2
3
5
Q 14. The escrow account opened for the purpose of fulfilling delisting requirements shall consist of either cash deposited with a scheduled commercial bank, or a bank guarantee in favour of the merchant banker, or a combination of both State whether True
True
False
Q 15. According to the SEBI SAST Regulations, the consideration payable under the open offer on the first Rs 500 crore is ______ of the consideration which the acquirer shall deposit in the escrow account
25%
30%
35%
50%