NISM Securities Operations – 1
NISM Securities Operations
Mock Test with Answer key - Click Here >>
Q 1. ___________ occurs when the rules governing the securities industry are changed, giving rise to a potential loss.
Regulatory risk
Market risk
Credit risk
Operational risk
Q 2. ______________ are bonds issued by Indian companies and subscribed to be a non-resident in foreign currency.
Foreign Currency Convertible Bonds
Global Depository Receipts
External Commercial Borrowings
None of the above
Q 3. _____________witness an abnormal price rise not commensurate with financial health and fundamentals like Earnings, Book value, Fixed assets, Net Worth, P/E multiple etc.
Graded Surveillance Measure
Additional Surveillance Measure
Alternate Surveillance Measure
Premium Surveillance Measure
Q 4. __________is the process by which a company offers its shares to the public for sale for the first time.
IPO
FPO
Bonus issue
Right issue
Q 5.
A regional stock exchange can also have nationwide terminals. State True or False.
True
False
Q 6. All Index futures contracts are cash settled. State whether True or False?
True
False
Partially true
Partially false
Q 7. At what periodic difference a broker has to settle the accounts of his clients at least once in a year?
Quarterly
Monthly
Half-yearly
Yearly
Q 8. Both the parties can also seek to settle the matter outside the purview of which of the following? (i) The Exchange (ii) SEBI (iii) The Investor Grievance forum
Only (i)
Only (ii)
Only (iii)
Only (i) & (iii)
Q 9. Collateral limits once set are applicable to the trading members/custodial participants for that day, unless otherwise modified by clearing member.- State True or False ?
True
False
Partially true
Partially false
Q 10. Delivery of the underlying instrument or __________ occurs after Premature exercise and expiration.
Cash settlement.
Opening of an account.
Securities revaluation
None of the above
Q 11. Full form of OFCs is ______________.
Offshore Financial Centers
Offshore Financial Centrals
Offshore Finance Centers
Ofshore Financial Centers
Q 12. If the trader purchases or sells at the best price available then that order is called ______________. (i) Market Order (ii) Limit Order (iii) Stop Order
Only (i)
Only (ii)
Only (iii)
None of the above
Q 13. In an IPO application, when an application is made in ASBA mode, the application money remains in the investor's account till finalization of basis of allotment in the issue. State True or False.
True
False
Partially true
Partially false
Q 14. In case of sale of securities, ______________ should be given to the DP, upon receipt of intimation of execution of trade from broker with whom he maintains the demat account.
Debit instruction
Credit instruction
Hold instruction
No action to be taken
Q 15. In the case a complaint is filed by an investor, the matter should be resolved at the branch level or the firm level depending upon the nature of the complaint. State True or False
True
False
Partially true
Partially false