NISM Series VII - Securities Operations and Risk Management Certification - NISM-Series-VII 模擬練習

A. Total Indebtedness: Rs. 100 Crore; Maximum Exposure: 5 times Net Worth

B. Total Indebtedness: Rs. 30 Crore; Maximum Exposure: Borrowed Funds + Rs. 10 Crore

C. Total Indebtedness: Rs. 50 Crore; Maximum Exposure: Borrowed Funds + Rs. 10 Crore

D. Total Indebtedness: Rs. 50 Crore; Maximum Exposure: Borrowed Funds + Rs. 5 Crore

E. Total Indebtedness: Rs. 20 Crore; Maximum Exposure: Rs. 50 Crore

A. American Depository Receipt (ADR)

B. Foreign Currency Convertible Bond (FCCB)

C. Masala Bond

D. External Commercial Borrowing (ECB)

E. Global Depository Receipt (GDR)

A. The AP is legally liable for their own acts, completely absolving the Trading Member.

B. The AP must deposit a separate Base Minimum Capital (BMC) directly with the Clearing Corporation.

C. The AP must register as a separate Trading Member with the Exchange.

D. The Trading Member must obtain specific prior approval for the AP for each segment separately.

E. The AP must be a corporate body under the Companies Act, 2013.

A. Automatic guarantee by the Central Government

B. Eligibility for priority sector lending classification

C. Exemption from Securities Transaction Tax (STT)

D. Exemption from RBI's CRR/SLR computation

E. Waiver of stamp duty on the underlying collateral

A. Shortages arising from institutional trades not confirmed by the Custodian.

B. Shortages where the value is less than Rs. 1 Lakh.

C. Trades executed in the Block Deal window.

D. Shortages in liquid securities (Group l) where the impact cost is less than 1%.

E. Internal shortages within a broker's firm that could not be resolved via self-auction.

A. Executing off-market trades between parties other than related parties.

B. Meeting pay-in obligations for the settlement of trades executed by the client.

C. Opening a new demat account with another depository participant on behalf of the client.

D. Updating the client's address and contact details in the KRA system.

E. Transferring funds from the client's bank account to the broker's proprietary account.

A. All institutional investors including Foreign Portfolio Investors (FPIs).

B. An investor whose Trading Member clears trades in F&O segment and cash segment through the same Clearing Member (CM).

C. An investor trading through different Trading Members who use different Clearing Members.

D. An institutional investor trading through a Custodian in Cash and a Professional Clearing Member in F&O.

E. Portfolio Managers (PMS) who are mandatorily directed to enter into delivery backed transactions.

A. Five years after the business relationship between a client and the reporting entity has ended or the account has been closed, whichever is later.

B. Ten years from the date of account opening.

C. Five years from the date of the specific transaction.

D. Seven years from the date of the suspicious transaction report filing.

E. Two years from the date of the last transaction in the account.

A. Entities shall resolve the complaint and upload the Action Taken Report (ATR) on SCORES within 21 calendar days of receipt of the complaint.

B. If the complainant is not satisfied with the ATR, they may request a review within 15 calendar days from the date of the ATR.

C. Complaints are automatically forwarded to the Securities Appellate Tribunal if not resolved within 7 days.

D. The Designated Body must submit the revised ATR to the complainant on SCORES within 10 calendar days of the review sought.

E. The first level of review is conducted by SEBI officials immediately upon request by the investor.

A. Strike Price: Exact value up to 2 decimal places; Market Lot: Exact value

B. Strike Price: Nearest tick size; Market Lot: Nearest integer

C. Strike Price: Rounded down to nearest tick; Market Lot: Rounded up to nearest integer

D. Strike Price: Nearest integer; Market Lot: Nearest tick size

E. Strike Price: Rounded up to nearest integer; Market Lot: Rounded down to nearest 100

A. The issuer has direct contact with the investor to raise new capital.

B. Dealings are strictly between two investors, and the issuer does not come into the picture.

C. It is used primarily for Initial Public Offers (IPOs) and Rights Issues.

D. It ensures availability of adequate capital at reasonable rates for expansion.

E. The settlement is always done directly between the issuer and the clearing corporation.

A. Books of account must be preserved for 3 years, and reports furnished to clients annually.

B. Books of account must be audited every quarter, and reports furnished to clients every month.

C. The portfolio manager is not required to appoint a custodian if they provide discretionary services.

D. Audit of books is optional for non-discretionary portfolio managers.

E. Books of account must be audited yearly, and a report furnished to the client not exceeding a period of three months.