To Menu  

CM Mock Test 11 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

Please do not refersh or reload this page

10/21/2017 10:48:35 AM

Total Questions  60
 

Pass Marks is 55%

Time Left : 00:00:00 Hrs

 


Question 1 :A trading member exceeds Gross Exposure or Turnover Violation for Rs 4 lacs what is the penalty point awarded to them [Mark 3]





Question 2 :The Message Window in the NEAT system allows a user to view messages broadcast by the Exchange such as [Mark 1]





Question 3 :Penalty Points at the beginning of the first settlement period of each 1 1 1 month will be [Mark 1]



Question 4 :is a volume related order condition [Mark 2]





Question 5 :Can a stock Exchange directly deliver securities to the investors accounts on both the depositories [Mark 1]




Question 6 :The following facility allows the user to have a drop down list of client codes at the account field [Mark 2]





Question 7 :Auction settlement is done in [Mark 2]





Question 8 :In case the security has not been traded on a particular day _______ at the NSE is to be considered as the closing price [Mark 2]





Question 9 :NSCCL identifies short deliveries and conducts a buying in auction through the NSE trading system [Mark 1]




Question 10 :NSE has implemented __________ in compulsory rolling settlement with effect from July 02 2001 [Mark 3]





Question 11 :On the securities pay in day delivering members are required to bring in [Mark 1]



Question 12 :Securities and funds pay out takes place on __________ working days after the trade date [Mark 2]





Question 13 :The risk that arises if parties do not discharge their obligations fully when due or at any time thereafter is called as [Mark 1]




Question 14 :Security wise User Order Quantity Limit or SUOQL can be modified anytime during trading hours [Mark 1]



Question 15 :The onus for settling the trade lies on the PCM in case there is a PCM associated to any Trading Member [Mark 1]



Question 16 :Securities Delivered Statement, This statement provides information on [Mark 1]





Question 17 :NSCCL advises depository to credit pool account of custodians CMs and debit its account this process is called [Mark 1]



Question 18 :An advertisement released by a trading member can contain a recommendation regarding purchase or sale of any particular share or security of any company [Mark 1]



Question 19 :NSCCL advises depository to debit pool account of custodians CMs and credit its account this process is called [Mark 1]



Question 20 :The Trading Members shall keep the dematerialised securities of Constituents in a separate beneficiary account distinct from the beneficiary account maintained for holding their own dematerialised securities [Mark 1]



Question 21 :Which stock can be termed as Group 1 stock [Mark 2]




Question 22 :assumes the counter party risk of each member and guarantees financial settlement [Mark 2]





Question 23 :Clients Margin which is calculated by marking each transaction in a scrip to the closing price of the scrip at the end of trading is known as [Mark 1]



Question 24 :One of the requirements for admission to membership on the NSE is to pass an on line examination under NSEs Certification in Financial Markets [Mark 1]



Question 25 :Margin Required in Group II stocks is [Mark 2]




Question 26 :Surveillance and Control or SURCON is that period after market close during which the users have _________ only [Mark 1]





Question 27 :Gross intra day turnover of a member shall not exceed [Mark 2]




Question 28 :At the end of the trade cycle the trades are _________ to determine the obligations of the trading members to deliver securities or funds as per settlement schedule [Mark 2]





Question 29 :If a TM Y has a base capital of 2 crores what will be the Gross Exposure allowed to them [Mark 3]





Question 30 :For liquid securities the VaR margins are based on the ___________ of the Security [Mark 2]





Question 31 :NSCCL has an alarm set for Gross Exposure breaching, the level for such alarms are set as [Mark 2]




Question 32 :No person shall be admitted as trading member of a recognized stock exchange if he has been adjudged bankrupt or a receiver order in bankruptcy has been made against him or he has been proved to be insolvent even though he has obtained his final discharge [Mark 1]



Question 33 :Additional Base Capital Can be brought in form of Cash and Fixed Deposit Receipts and Bank Guarantee and Approved securities in demat and Government Securities The haircut for the Government Securities in this will be [Mark 1]




Question 34 :The orders with __________ attribute disclose only a part of the total order quantity to the market [Mark 1]





Question 35 :Units of the schemes of liquid mutual funds or government securities mutual funds can also be used as collateral for enhancing Base Capital The haircuts therein shall be [Mark 2]




Question 36 :Statement 1st An active buy order matches with the best passive sell order if the price of the passive sell order is less than or equal to the price of the active buy order And Statement 2nd An passive buy order matches with the best active sell order if the price of the passive buy order is less than or equal to the price of the active sell order Which of the above statements is True [Mark 2]





Question 37 :Trading is permitted in the security listed under No Delivery period [Mark 1]



Question 38 :A user can simultaneously view a regular inquiry eg MBP and the Snap Quote display on the trading screen [Mark 2]



Question 39 :The alphabet E in the ISIN Number series denotes securities issued by [Mark 1]



Question 40 :A trading member on the NSE has set the branch order value unlimited for his Chennai branch and Rs 800 lakh for Kolkata branch and Chennai branch has two users X and Y with user order limits of Rs 550 lakh and Rs 500 lakh respectively and Kolkata branch has one user Z with user order value limit of Rs 550 lakh and The member applies for a new user at Kolkata What is the maximum user order value that can be set for the new user [Mark 3]





Question 41 :Which of the following is FALSE about trade cancellation in the NEAT system [Mark 1]





Question 42 :Penalties are charged to members for [Mark 3]





Question 43 :Which of the following functions a branch manager can perform on the NEAT system [Mark 3]





Question 44 :Institutional transactions are identified by the use of the _________ at the time of order entry [Mark 2]





Question 45 :Which of the following is not true about Mark to Market Margin? [Mark 3]





Question 46 :In NSCCL a _________ is a clearing member but not a trading member [Mark 2]





Question 47 :A trading member on the NSE has a branch order value of Rs 750lakh for his Mumbai branch and Rs 600lakh for Delhi branch Mumbai branch has two users X and Y with user order value limits of Rs 200 lakh and Rs 200 lakh respectively Delhi branch has one user Z with user order value limit of Rs 450lakh The member applies for a new user at Mumbai What is the maximum user order value that can be set for the new user [Mark 2]





Question 48 :Two buy orders enter into the system and are unmatched 1st 200 shares at the rate Rs 72 point 75 at time 30 pass 10 am 2nd 300 shares at the rate Rs 72 point 80 at time 31 pass 10 am Which order will get a priority for getting executed [Mark 1]





Question 49 :Which of the following is NOT a derivative traded on Indian Stock Market [Mark 1]





Question 50 :The trading members can participate in the Exchange initiated auctions by entering orders as a [Mark 2]





Question 51 :Contract note is signed by the [Mark 1]





Question 52 :If a client buys shares worth Rs 100000 and sells shares worth Rs 100000 through a stock broker then the maximum brokerage payable is [Mark 3]





Question 53 :In which book type on the NEAT system does the user enter Limited Physical orders [Mark 1]





Question 54 :Auction Square Up Debit Statement This report gives details of unsanctioned deliveries that are squared up by the Exchange [Mark 2]



Question 55 :If a client buys shares worth Rs 125000 and sells shares worth Rs 75000 through a sub broker then the maximum brokerage payable to him is [Mark 3]





Question 56 :Mr Desai has decided to deposit Rs 200000 in the bank annually If the bank has a policy of continuous compounding and the prevailing interest rate is 8 percent how much would his deposit grow upto in 2 years [Mark 3]





Question 57 :A copy of an advertisement has to be submitted by a trading member to NSE [Mark 1]





Question 58 :What does P indicate as a status in the Auction Inquiry screen in the NEAT system [Mark 1]





Question 59 :NSEs Certification in Financial Markets does NOT allow flexibility in terms of [Mark 1]





Question 60 :Security sigma means the ______ of the security computed as at the end of the previous trading day [Mark 1]