最新的NISM Series VII - Securities Operations and Risk Management Certification - NISM-Series-VII免費考試真題

A. Registration of the company's memorandum of association

B. Incorporation of the company

C. Appointment of key managerial personnel

D. Non-payment of dividend

E. Conduct of Annual General Meetings

A. It prevents members from trading in the derivatives segment during the cash market settlement.

B. It allows the stock exchange to close the market early.

C. It ensures that the pay-out (cash/securities) from the first settlement is available to the member to meet obligations for the subsequent settlement.

D. It allows the Clearing Corporation to recalculate margins for the previous week.

E. It is required to separate institutional trades from retail trades.

A. There is no fee for trade annulment if the request is submitted within 30 minutes.

B. 2% of the value of trade(s), with no minimum or maximum cap, credited to the Core Settlement Guarantee Fund.

C. A fixed fee of? 1 lakh irrespective of trade value, credited to the Investor Service Fund.

D. 5% of the value of trade(s), subject to a minimum of? 1 lakh and maximum of ? 10 lakhs.

E. 1% of the value of trade(s), subject to a minimum of ? 50,000 and maximum of ? 5 lakhs.

A. For clients with outstanding obligations on the settlement date, the broker may retain the requisite funds towards such obligations.

B. Authorization for maintaining a running account can be signed by the client's Power of Attorney (POA) holder.

C. Brokers are permitted to accept cash from clients for margin purposes up to Rs. 20,000.

D. Brokers must maintain an audit trail of funds received through electronic fund transfers to ensure they are from the client's own account.

E. All payments from/to clients must be strictly by account payee crossed cheques/demand drafts or direct credit into the bank account.

A. The funds should be invested in equity mutual funds to generate returns for the client.

B. The funds can be used for the TM's operational expenses provided they are replaced within 24 hours.

C. The funds must be immediately transferred to the TM's proprietary account.

D. The funds can be used to settle the running accounts of other clients to ensure liquidity.

E. The funds must remain in the 'Up Streaming Client Nodal Bank Account' and cannot be used for settlement of running accounts of other clients.

A. Data Collection -> Compliance Check -> Risk Scoring -> Inspection

B. Internal Audit External Audit -> Risk Classification -> Penalty Determination

C. Risk Assessment -> Assigning Risk & Impact Rating -> Determining Supervisory Risk Rating Score -> Supervisory Approach

D. Client Profiling -> Transaction Monitoring Risk Rating -> Surveillance Action

E. Risk Identification -> Risk Analysis -> Risk Mitigation -> Risk Reporting

A. Custodians are required to confirm whether they will settle a trade assigned to them; if they fail to confirm, the onus of settlement falls on the executing trading member.

B. It is mandatory for clearing members to open demat accounts with both depositories (CDSL and NSDL) known as clearing member settlement pool accounts.

C. Clearing Members act as the legal counterparty to all trades through the process of novation, replacing the Clearing Corporation.

D. Clearing Members can withdraw funds from their designated clearing bank account in favor of third-party vendors for operational expenses.

E. Clearing Members must maintain a separate and distinct clearing bank account with a designated clearing bank.

A. Subrogation

B. Arbitration

C. Adjudication

D. Indemnification

E. Novation

A. Gross of all net positions across all clients; no set-off of loss of one client with the profit of another client.

B. Netted at the security level across all clients and proprietary account combined.

C. Collected only if the MTM loss exceeds 10% of the VaR margin collected.

D. Gross of all open positions; however, proprietary positions can be netted against client positions.

E. Netted across all clients; if the Broker has a net profit across all clients, no margin is collected.

A. Exceeds Rs. 20,00,000(Rupees Twenty Lakhs)

B. Exceeds Rs. 50,00,000(Rupees Fifty Lakhs)

C. Exceeds Rs. 1,00,00,000 (Rupees One Crore)

D. Exceeds Rs. 10,00,000 (Rupees Ten Lakhs)

E. Exceeds Rs. 30,00,000 (Rupees Thirty Lakhs)

A. 700 contracts (Net Proprietary + Net Client Position)

B. 6300 contracts (Gross Buy + Gross Sell of all accounts)

C. 1100 contracts (Net Proprietary + Absolute Net Client Long + Absolute Net Client Short)

D. 900 contracts (Gross Proprietary + Net Client Position)

E. 500 contracts (Net Proprietary Position only)

A. Eligibility for priority sector lending classification

B. Waiver of stamp duty on the underlying collateral

C. Exemption from Securities Transaction Tax (STT)

D. Exemption from RBI's CRR/SLR computation

E. Automatic guarantee by the Central Government

A. Using surplus funds of one client to provide margin trading facility to another client.

B. Borrowing from Scheduled Commercial Banks.

C. Borrowing from Non-Banking Financial Companies (NBFCs) regulated by RBI.

D. Issuance of Commercial Paper (CP) subject to RBI guidelines.

E. Unsecured long-term loans from promoters and directors.