NISM Securities Operations - 9
NISM Securities Operations
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Q 1. The brokers or trading members, after completing the client account opening procedures, are not required to upload the KYC details to the KRA agencies registered with SEBI - State True or False ?
True
False
Partially true
Partially false
Q 2. The clearing member has the rights over the securities in the demat accounts held with CDSL and NSDL - State True or False?
True
False
Partially true
Partially false
Q 3. The daily settlement price for futures contracts on individual security or index is which price of the futures contracts on the trading day?
Opening
Closing
Selling
Purchase
Q 4. The Exchange normally has which of the following that looks into all the complaints against the trading members registered with the Exchange?
Investor Group and Concern Committee
Investor Grievance Redress Committee
Investing People Grievance Committee
Investment Grievance and Concern Committee
Q 5. The limitation period for filing an arbitration reference with stock exchanges is five years. State True or False.
True
False
Partially true
Partially false
Q 6. The orders of SEBI under the securities laws are appealable before a ______________.
DRT
SAT
DEA
Supreme Court
Q 7. The relationship between a broker, who is also a DP, and the depositories is governed by an agreement made between the two under the which of the following act? (i) SEBI Act (ii) Depositories Act (iii) Companies Act
Only (i)
Only (ii)
Only (iii)
Only (i) & (iii)
Q 8. The stock brokers wishing to extend margin trading facility to their clients shall be required to obtain prior permission from the SEBI. State True or False.
True
False
Partially true
Partially false
Q 9. The VAR margin covers losses upto three day for liquid stocks - State whether True or False?
True
False
Partially true
Partially false
Q 10. Trades done during the day cannot be cancelled by mutual consent of both the parties.- State True or False ?
True
False
Partially true
Partially false
Q 11. What is the Extreme Loss Margin for any security?
higher of 1% or 1.5 times the standard deviation of daily logarithmic returns of the security price in the last six months.
higher of 5% or 1.5 times the standard deviation of daily logarithmic returns of the security price in the last six months.
higher of 10% or 1.5 times the standard deviation of daily logarithmic returns of the security price in the last six months.
higher of 12% or 1.5 times the standard deviation of daily logarithmic returns of the security price in the last six months.
Q 12. What is the periodic calendar for the Brokers to submit the Internal Audit s to the Stock Exchange?
Yearly basis
Half Yearly basis
Quarterly basis
Monthly basis
Q 13. When one of the parties feels that the complaint has not been resolved satisfactorily either by the other party or through the complaint resolution process of the Exchange at the Investor Services Cell or the IGRC (Investor Grievance Redressal Commit
True
False
Partially true
Partially false
Q 14. Which instruction is required so that the transferee does not have to give separate instructions each time for receiving the securities?
Opening instructions
Standing instructions
Executing instructions
None of these
Q 15. Which of the following is a market risk?
Non delivery of scrip
Rising fiscal gap
Non payment for buying or selling a scrip
Non delivery of scrip
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