NISM Securities Operations - 2
nism-securities-operations
Mock Test with Answer key - Click Here >>
Q 1. Stock brokers are allowed to net the client account within the firm. State True or False.
True
False
Partially true
Partially false
Q 2. Through which route do most of the large trades in debt instruments are cleared and settled?
Off Market
Clearing Corporation
Recognised Debt Exchange
None of the above
Q 3. What is the current applicable STT rate for sale of an equity share in a company or a unit of an equity oriented fund or a unit of a business trust where the contract for the sale of such share or unit is settled otherwise than by the actual delivery
0.03%
0.00%
0.10%
0.50%
Q 4. When new shares are issued to existing shareholders at a particular price, it is referred to as __________.
Right issue
Private placement
Stock split
Public issue
Q 5. Which committee of the Stock Exchange looks into all the complaints matters against the trading members?
Investor Grievance Redress Committee
Agent Grievance Redress Committee
Investment Members Grievance Redressal Committee
Stock Exchange Grievance Committee.
Q 6. Which of the following performs multilateral netting and determines the final obligations of all clearing members?
Clearing Corporation.
Clearing bank.
Clearing agent.
Trading Member.
Q 7. Who among the following performs multilateral netting and determines the final obligations of all clearing members?
Clearing House
Professional Clearing Members
Stock Exchanges
Clearing Members
Q 8. _________ is a person who is not a member of any stock exchange but acts as an agent.
Trading Member
Sub broker
Investor
None of these
Q 9. ___________ shall notify schemes which they wish to permit on the Mutual Fund platform.
Stock exchange
Asset Management Companies (AMC)
SEBI
All of the above
Q 10. ______________ is calculated by marking each transaction in a security to the closing price of the security at the end of trading.
Value at Risk Margin
Mark to Market Loss Margin
Extreme loss margin
None of these
Q 11. _______________ aims to prevent undesirable transactions in securities. (i) Companies Act (ii) Securities Contract Regulations Act (SCRA) (iii) Securities Contract Regulations Rules (SCRR)
Only (i)
Only (ii)
Only (iii)
Only (i) & (iii)
Q 12. ___________ of the PMLA confers on the Central Government to appoint an adjudicating Authority to exercise jurisdiction, powers, and authority conferred by or under the Act.
Section 5
Section 6
Section 8
Section 10
Q 13. A client who is a party to an arbitration for a claim/counterclaim up to Rs. 15 lakhs and file arbitration reference are exempt from filing the deposit. State True or False.
True
False
Partially true
Partially false
Q 14. A trading member with a net buy position will owe which of the following to the clearing corporation? (i) Securities (ii) Funds
Only (i)
Only (ii)
Only (i) & (ii)
Neither (i) nor (ii)
Q 15. An applicant for registration as a portfolio manager is required to pay a non refundable application fee of ___________________ to SEBI.
Rs. 50,000
Rs. 1,00,000
Rs. 2,00,000
Rs. 5,00,000