NISM Securities Operations - 3
nism-securities-operations
Mock Test with Answer key - Click Here >>
Q 1. In the primary market, the dealings are between two investors and the issuer does not come into the picture. State True or False.
True
False
Partially true
Partially false
Q 2. Investors cannot place their orders through the online platform provided by their stock broker. State True or False.
True
False
Partially true
Partially false
Q 3. Money Market is a market for:
Long term funds
Short term funds
Preference shares
Debt instruments
Q 4. On the Bombay Stock Exchange, the auction conducted on or before which of the following between 2:00 p.m. and 2.45 p.m for all the scrips under compulsory rolling settlements?
T+1
T+2
T+3
T+5
Q 5. Proof of Insurance Cover by the stock brokers has to be submitted to the Bombay Stock Exchange and National Stock Exchange by Mar 31 ndash; State whether True or False ?
True
False
Partially true
Partially false
Q 6. SEBI has instructed the settlement of securities in which of the following form for most of its scrips? (i) Virtual form (ii) Demat form (iii) Physical form
Only (i)
Only (ii)
Only (iii)
Only (i) & (iii)
Q 7.
Trading cum clearing members can trade and clear trades done by him, but cannot trade and clear trades done by others.nbsp;
True
False
Not sure
None of the above
Q 8. STT rate for sale of an option in securities is ____________.
0.01%
0.05%
0.13%
0.02%
Q 9. The adjustment for a corporate action takes place_____________________. (i) On the last day on which a security is traded on a cum basis in the underlying equities market before the close of trading hours (ii) On the last day on which a security is t
Only (i)
Only (ii)
Only (iii)
Either (i) or (ii)
Q 10. The broker has to maintain the required books of account as per _____________of SC(R) Rules 1957.
Rule 10
Rule 15
Rule 20
Rule 25
Q 11. The clearing corporation send the clearing member a list of all trading transactions made by him and his clients____________________. (i) On a weekly basis (ii) On a daily basis (iii) Every alternate day
Only (i)
Only (ii)
Only (iii)
None of the above
Q 12. The Custodians are not clearing members of the exchange . State True or False ?
True
False
Partially true
Partially false
Q 13. The Exchange may levy a penal interest of not less than 0.05 percent per day on the pay-in shortage of the member.
True
False
Partially true
Partially false
Q 14. The initial margin calculation is carried out using which of the following software?
SPIN
SPAN
SPON
SPEN
Q 15. The movement of funds takes place within the depository system. State True or False.
True
False
Partially true
Partially false