NISM Securities Operations - 10
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Mock Test with Answer key - Click Here >>
Q 1. At the end of the day's trading, the stock exchanges send all details about the trades. To which of the following are they sent? (i) SEBI, (ii) Depositories, and (iii) Clearing houses/corporations.
Only (i)
Only (ii)
Only (iii)
Only (i) & (iii)
Q 2. A clearing corporation carries out the pay-out of funds and securities to which of the following before the pay-out time? (i) Sub Brokers (ii) Depository Participants (iii) Trading Members
Only (i)
Only (ii)
Only (iii)
Only (i) & (iii)
Q 3.
For a stockbroker, non-delivery of scrips and trading errors are considered operational risks. State True or False.
True
False
Q 4. for which the market is application supported by blocked amounts," i.e. ASBA is specifically used?
Auction Markets
Secondary Markets
Primary Markets
All of the above
Q 5. Identify the true statement. (i) The sauda book of the register of transactions needs to be maintained by the broker for a period of 2 years. (ii) Members Contract books showing details of all contracts entered by the broker needs to be maintained fo
Only (i)
Only (ii)
Only (iii)
Only (i) & (iii)
Q 6. In Arbitration, if the parties file a claim after six months and pays Rs. 39000 plus 0.9% above Rs.10 lakh as deposit amount, the amount claimed will be _______.
>Rs.5,00,000 – Less than or equal to Rs. 10,00,000
>Rs.7,00,000 - Less than or equal to Rs. 25,00,000
>Rs.10,00,000 – Less than or equal to Rs. 25,00,000
>Rs.10,00,000 - Less than or equal to Rs. 50,00,000
Q 7. In Stop Loss orders, the client enters ______________. (i) Limit price (ii) Trigger price
Only (i)
Only (ii)
Only (i) & (ii)
None of the above
Q 8. In the Stock Market trading of Equities and Derivatives, broker's ________ is one of the two critical components of credit risk management.
Capital Adequacy
Daily Margins
Both (a)&(b)
None of the above
Q 9. Maintenance of different types of Books by stock brokers is prescribed under which of the following? (i) Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 (ii) SEBI Intermediaries Regulations (iii) SC(R)R
Only (i)
Only (ii)
Only (iii)
Only (i) & (iii)
Q 10. Name the trade which is done and settled on a recognised stock exchange?
Off-market trade
Private trade
Market trade
Public trade
Q 11. Presently in India, currency futures contract are traded on ____________ INR pairs.
Two
Three
Four
Five
Q 12. Stock Brokers wishing to offer IBT (Internet Based Trading) need to seek stock exchange approval. What is the minimum net worth requirement to offer IBT?
10 lakhs
25 lakhs
50 lakhs
85 lakhs
Q 13. The clearing member's liquid net worth must satisfy which of the following conditions?
Liquid Net Worth shall not be less than Rs. 50 Lacs at any point of time.
The MTM value of gross open positions at any point of time of all trades cleared through the CM shall not exceed 33 1/3 times his liquid net worth.
Both (a) & (b)
None of the above
Q 14. The final exercise settlement price of the options contracts on index / individual securities is __________. (i) The closing price of the underlying security/index on the fifteenth trading day of the options contract (ii) The closing price of the und
Only (i)
Only (ii)
Only (iii)
Only (i) & (iii)
Q 15. The members may upload the KYC Data on the KRA system and send the relevant KYC documents to KRA within ____________.
5 calendar days
5 working days
10 working days
10 calendar days