NISM Securities Operations
NISM Securities Operations
Mock Test with Answer key - Click Here >>
Q 1. Who is responsible for order capture and execution?
Back Office
Middle Office
Front Office
Head Office
Q 2. ______________ allows large size trades to be executed as a single transaction without putting the buyer or seller at a disadvantageous position.
Bulk Deals
Bulk window
Block deals
Block window
Q 3. _____________is/are capital market intermediaries which provide important infrastructure services to both the primary and secondary markets. (i) Ramp;T Agents (ii) Custodians (iii) Depositories
Only (i)
Only (ii)
Only (iii)
All (i), (ii) & (iii)
Q 4. 34. ________________ are handled by the middle office of a broking / trading firm. (i) Trade confirmations (ii) Risk management (iii) Validation of trades
Only (i)
Only (ii)
Only (iii)
Only (ii) & (iii)
Q 5. A stock broker has to maintain different types of books as prescribed under:
SEBI Intermediaries Regulations
SCRA 1956
SEBI Act
SC(R)R 1957
Q 6. Arbitration for claims up to Rs. 25 lakh is decided by a _______________.
panel of two arbitrators
panel of three arbitrators
panel of four arbitrators
sole arbitrator
Q 7. Corporate action adjustments may entail modifications to positions and/or contract specifications, such as which of the following? (i) Strike Price (ii) Position (iii) Market Lot/Multiplier
Only (i)
Only (ii)
Only (iii)
Only (ii) & (iii)
Q 8. Every portfolio manager is required to pay a sum of ___________ as registration fees at the time of grant of certificate of registration by SEBI.
Rs. 1,00,000
Rs. 5,00,000
Rs. 7,50,000
Rs. 10,00,000
Q 9. For which of the following matters shall the adjudicating authority have the powers under the Code of Civil Procedure while trying a suit?
Discovery and inspection
Compelling the production of records
Receiving evidence on affidavits
All the above
Q 10. How can a HNI client place his orders? (i) visiting the brokers office (ii) phone (iii) internet
Only (i)
Only (ii)
Only (iii)
Only (i), (ii) & (iii)
Q 11. If the amount of claim is more than 25 lakhs and if the claim is filed after six months from the date of dispute or after one month from the date of IGRP order, whichever is later then the arbitration fees is _________________.
Rs. 50,000 plus 0.6% amount above Rs. 25 lakh subject to maximum of Rs. 90,000
Rs. 50,500 plus 0.6% amount above Rs. 25 lakh subject to maximum of Rs. 90,000
Rs. 52,000 plus 0.6% amount above Rs. 25 lakh subject to maximum of Rs. 90,000
Rs. 52,500 plus 0.6% amount above Rs. 25 lakh subject to maximum of Rs. 90,000
Q 12. In case of Mutual Fund units, the stock broker can request ____________ type(s) of subscription/redemption request(s) . (i) Physical Subscription ndash; Fresh (ii) Depository Subscription ndash; Additional (iii) Physical Subscription ndash; Additiona
Only (i)
Only (ii)
Only (iii)
Only (i), (ii) & (iii)
Q 13. In India, Future and options are traded on ____________________.
Equity stocks
Equity indices
Currency
All the above
Q 14. Initial margin shall include ________________.
SPAN margins
Premium margins
Assignment margins
All the above
Q 15. Maximum brokerage that brokers can change is __________ of the trade value for equity segment.
1%
1.50%
2
2.50%