최신NISM Series VII - Securities Operations and Risk Management Certification - NISM-Series-VII무료샘플문제

A. It is the simple average of the best bid and ask prices available on the NDS-OM platform at 5:00 PM.

B. It is calculated based on the Value Weighted Average Price (VWAP) of the underlying bond executed during the last 30 minutes of trading on the NDS-OM platform.

C. It is based on the polling of prices from the top 5 Primary Dealers if less than 10 trades are executed on the exchange.

D. It is derived from the theoretical price formula: Cash Price + Financing Cost - Income on cash position.

E. If less than 5 trades are executed in the underlying bond during the last two hours, the FIMMDA/FBIL price shall be used.

A. Depositories shall facilitate inter-depository transfers within one hour and before pay-in for the subsequent settlement begins.

B. Depositories must process transfers instantly using the API-based immediate transfer mechanism.

C. Depositories are required to waive the transaction charges for inter-depository transfers executed on such days.

D. Depositories must allow transfers only after the pay-out of the subsequent settlement is complete.

E. Depositories must suspend inter-depository transfers until all settlements for the day are concluded.

A. The two factors should be identical (e.g., two different passwords).

B. Public Key Infrastructure (PKI) based implementation using digital signatures is advisable, and the two factors should not be the same.

C. The second factor must always be biometric verification.

D. Two-factor authentication is optional and can be replaced by a static high-complexity password.

E. It should be implemented using only SMS-based OTP without any other factor.

A. Entities from Financial Action Task Force (FATF) member countries

B. Government and Government related investors

C. Charitable organizations

D. Pension funds and university funds

E. Corporate bodies

A. The penalty collected for client code modification.

B. At least 20% of the listing fees received.

C. 1% of the listing fees received, on a quarterly basis.

D. 5% of the transaction charges collected from members.

E. 100% of the interest earned on the 1% security deposit of issuer companies.

A. The order will remain pending as the full quantity cannot be matched at a single price.

B. 50 shares @ 121.20, 100 shares @ 121.20, 200 shares @ 121.40, and 150 shares @ 121.50

C. 200 shares @ 121.50, 200 shares @ 121.40, and 100 shares @ 121.20

D. 500 shares @ Rs. 121.50

E. 150 shares @ 121.20, 200 shares @ 121.40, and 150 shares @ 121.50

A. Securities Transaction Tax (STT) is computed on the final netted obligation to avoid double taxation.

B. Netting of delivery obligations is strictly for the purpose of settlement.

C. The benefit of netting is available to non-institutional Custodial Participants (CPs) clearing through the same entity registered both as a custodian in cash and as a CM in F&O.

D. Investors whose Trading Member clears trades through different Clearing Corporations for Cash and F&O are eligible for netting.

E. Clearing Corporations continue to maintain segment-wise default waterfalls.

A. The TM can continue to maintain the running account if the credit balance is below ? 10,000.

B. The TM must settle the account within 24 hours of the 30th day of inactivity.

C. The TM must retain the funds until the next quarterly settlement date chosen by the client.

D. The TM must return the entire credit balance to the client on the upcoming settlement date of the monthly running account settlement cycle, irrespective of the client's preference for a quarterly cycle.

E. The TM is permitted to transfer the funds to the Investor Protection Fund (IPF) if the client remains inactive for more than 30 days.

A. Shortages where the quantity is less than 500 shares.

B. Shortages in A-Group liquid securities with high trading volume.

C. Shortages in securities that are under 'Trade for Trade' category or currently under corporate action.

D. Shortages arising from institutional trades where the custodian has rejected the trade.

E. Shortages caused by a technical glitch in the broker's back-office software.

A. They shall follow a strict time schedule to ensure that the settlements are completed on the same day.

B. They must implement a separate risk management framework for holiday settlements.

C. They must operate with reduced staff to minimize coordination errors.

D. They must extend the settlement cycle to T+2 temporarily.

E. They must seek prior approval from SEBI for every individual settlement run.

A. It allows savers to directly manage the administrative operations of the issuer.

B. It mandates that investors must possess surplus funds equal to the issuer's total capital.

C. It eliminates the need for financial intermediaries in the transfer of resources.

D. It restricts the allocation of savings to government-backed securities only.

E. It ensures that savers and investors are constrained by the economy's abilities rather than their individual abilities.

A. Funds can be moved to the broker's proprietary account temporarily to facilitate faster settlement payouts.

B. Funds in the USCNBA can be used for inter-client adjustments if the clients have provided specific consent in the KYC form.

C. The USCNBA is used only for receiving funds from the Exchange, while client receipts are deposited in the Settlement Account.

D. USCNBA funds must be transferred to the Clearing Corporation's settlement account before being paid out to clients.

E. Trading Members must ensure that funds received from clients whose running account has been settled remain in the USCNBA and are not used to settle other clients.

A. Registration is only required with the Stock Exchange for PMS, while Depository services require SEBI registration.

B. The broker needs to convert into a Non-Banking Financial Company (NBFC) to offer these services, but no separate SEBI registration is needed.

C. The broker must obtain separate registration/licenses from SEBI for each of the specific services like PMS and Depository services.

D. These services can be offered under a general 'Investment Advisory' license without specific product registration.

E. The existing stock broker registration with SEBI is comprehensive and covers all financial services including PMS and Depository services.

A. Equity shares of a company incorporated outside India

B. Depository receipts

C. REITs and InviTs

D. Currency and interest rate derivatives

E. Debt securities issued by eligible issuers