NISM Securities Operations - 5
nism-securities-operations
Mock Test with Answer key - Click Here >>
Q 1. The stock broker is required to register all joint holders for the depository account if ________
If redemption request is to be entered with depository settlement.
If subscription request is to be entered with depository settlement.
Both (a) and (b)
None of the above
Q 2. What is known as the legal record of any transaction carried out on a stock exchange through a stockbroker?
Bank statement
Confirmation document
Contract note
None of the above
Q 3. What is the haircut on other semi liquid and illiquid government of India dated securities?
2%
5%
10%
12%
Q 4. What is the time line followed for the Custodians for the credit of securities/funds to client''s account?
T+1
T+2
T+2 / T+3
T+4
Q 5. When there is any shortfall in the margin amount, ______________________. (i) A warning will be issued to the broker by the Exchange (ii) The limits of the broker will be reduced by the Exchange (iii) Terminals of the broker shall be immediately deac
Only (i)
Only (ii)
Only (iii)
Only (i) & (iii)
Q 6. Which of the following is a middle office function?
Clearing and Settlement of trade
Confirmation of trade
Risk management
None of these
Q 7. Which of the following is TRUE about BROKERAGE?
Maximum brokerage that brokers can change is 1.5% of the trade value.
In the case of options contracts, maximum brokerage can be 1.5% of the option premium or Rs. 100/- per contract whichever is higher.
Brokerage rule for F&O segment is similar to the equity segment except for options contract.
None of the above
Q 8. Which of the following order gets executed immediately? (i) Limit (ii) Stop Loss (iii) Market
Only (i)
Only (ii)
Only (iii)
Only (i) & (iii)
Q 9. Which office monitors the post-market processing of transactions?
Front office
Middle office
Back office
Sales Office
Q 10. Who among the following put together the demands of the buyers with the offers of the security sellers? (i) Investors (ii) SEBI (iii) Intermediaries
Only (i)
Only (ii)
Only (iii)
Only (i) & (iii)
Q 11. ___________ is/are the investor(s) in the CORPORATE BOND market. (i) Insurance Companies and Banks (ii) Mutual Funds (iii) FIs and FIIs
Only (i)
Only (ii)
Only (iii)
Only (i), (ii) & (iii)
Q 12. _____________is the trading with borrowed funds/securities.
Debt trading
Loan trading
Exposure trading
Margin trading
Q 13. _________is the risk of monetary loss resulting from inadequate or failed internal processes, manual and systems error or external events.
Regulatory risk
Market risk
Credit risk
Operational risk
Q 14. A stock broker has to keep and maintain_____________for record purpose. (i) Copies of KYC forms (ii) Agreement with clients (iii) Net worth certificate of clients
Only (i)
Only (ii)
Only (iii)
Only (i) & (ii)
Q 15. An investor or trader can trade in Debt Instruments in which of the following markets? (i) Commodity Markets (ii) OTC Markets (iii) Exchange Traded Markets
Only (i)
Only (ii)
Both (i) & (ii)
Both (ii) & (iii)