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CM Mock Test 12 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

Please do not refersh or reload this page

10/21/2017 10:52:14 AM

Total Questions  60
 

Pass Marks is 55%

Time Left : 00:00:00 Hrs

 


Question 1 :What does AUI indicate as a message code in Full Message window in the NEAT system [Mark 1]





Question 2 :NSCCL advises Clearing Banks to debit account of custodians CMs and credit its account this process is called [Mark 1]



Question 3 :Rahul is supposed to receive Rs 100000 from Chandra after 3 years If the interest rate is 8 percent what is the present value of the amount due from Chandra [Mark 2]





Question 4 :NSCCL advises Clearing Banks to credit account of custodians CMs and debit its account this process is called [Mark 1]



Question 5 :On Line Backup is a facility that the user can invoke to take a backup of all order and trade related information for the user [Mark 1]



Question 6 :A PCM has also got trading rights along with clearing rights [Mark 1]



Question 7 :NSCCL becomes the legal counterparty to the net settlement obligations of every member This principle is called [Mark 1]





Question 8 :The process adopted to determine the net settlement obligations delivery or receipt positions of CMs is verbally called as [Mark 2]




Question 9 :Two sell 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 70 at time 31 pass 10 am Which order will get a priority for getting executed [Mark 1]





Question 10 :On pay out day the securities are delivered to the respective receiving members [Mark 1]



Question 11 :Fixed Deposit Receipts issued by approved banks can be submitted as a _________ to NSCCL by trading members [Mark 1]





Question 12 :Settlement Auction is done in [Mark 2]




Question 13 :Upfront margin rates applicable for all securities in Trade for Trade segment is [Mark 3]





Question 14 :Bad Delivery Reporting is done in [Mark 2]




Question 15 :The pre set Market price protection percentage is by default set to _____ of the LTP [Mark 2]





Question 16 :The Clearing Member can change his existing Bank Account but is required to obtain a No Objection Certificate from his existing bank [Mark 1]



Question 17 :Two buy orders enter into the system and are unmatched 1st 200 shares at the rate 72 point 75 at time 10am and 2nd 300 shares at the rate 72 point 75 at time 1 pass after 10 am than which order will get a priority for getting executted [Mark 1]





Question 18 :A trading member exceeds Gross Exposure or Turnover Violation for Rs 6 lacs what is the penalty point awarded to them [Mark 3]





Question 19 :A portfolio contains securities with the expected return as security A and Probability 30 and Return 10 And security B Probability 40 and return 12 And security C and probability 30 and return 15 than What will be the expected return of the portfolio [Mark 1]





Question 20 :If a Client code is modified of more than 5 instances what is the penalty point awarded to them [Mark 3]





Question 21 :No payment for transaction in which a Trading Member is taking position as a principal will be allowed to be made from the clients account [Mark 2]





Question 22 :Which stock can be termed as Group 3 stock [Mark 3]




Question 23 :If a client buys shares worth Rs 525000 and sells shares worth Rs 475000 through a broker then the maximum brokerage payable to broker is [Mark 2]





Question 24 :Margin Required in Group I stocks is [Mark 2]




Question 25 :can be traded in the Limited Physical Market [Mark 1]





Question 26 :Margin Required in Group III stocks is [Mark 2]




Question 27 :The Message Window in the NEAT system allows a user to view messages broadcast by the Exchange such as [Mark 1]





Question 28 :Gross exposure aggregate of cumulative net outstanding positions in each security at any point of time of a member shall not exceed [Mark 3]




Question 29 :A trading member shall be deemed guilty of misconduct if he fails to [Mark 1]





Question 30 :The value of the advance early pay in made is reduced from the cumulative net outstanding position of the member for the purpose of calculating gross exposure [Mark 1]



Question 31 :100 share of Reliance Ltd are purchased on Monday Provided there are no holidays in between settlement should take place on [Mark 2]





Question 32 :Members are given a maximum of ______ time from the date of the violation of intra day limit or Gross Exposure Limit to bring in the additional capital [Mark 1]




Question 33 :The branch manager receives End of Day reports for [Mark 2]





Question 34 :Bank Gurantee can be treaded as cash if the gurantee is given by a Bank [Mark 3]




Question 35 :When the user invokes the order entry screen the field or fields that are or is taken as default are or is [Mark 2]





Question 36 :While computing margins institutional deals are excluded [Mark 1]



Question 37 :Auction is held in PQR for 10000 shares and The closing price of PQR on that day was Rs 259 and The last traded price of PQR on that day was Rs 254 and The close price of PQR last Friday was Rs 255 and The previous days close price of PQR was Rs 264 than What is the maximum allowable price at which the member can put a sell order in the auction for PQR Assume Price Band applicable for Auction market is plus minus 20 percent [Mark 3]





Question 38 :ISIN for a security is allotted when the security is admitted to [Mark 1]




Question 39 :A trading member on the NSE has a branch order value of Rs 950 lakh for his Mumbai branch and Rs 600 lakh for Delhi branch and Mumbai branch has two users X and Y with user order value limits of Rs 300 lakh and Rs 400 lakhres pectively and Delhi branch has one user Z with user order value limit of Rs 550 lakh 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 3]





Question 40 :An application for arbitration can be filed within __________ from the date of dispute [Mark 2]





Question 41 :The clients introduced by an authorized person to a trading member would be required to deliver securities and make payments directly in the trade name of the trading member True or False [Mark 1]



Question 42 :Which is the settlement system followed by NSCCL with effect from April 1 2003 [Mark 2]





Question 43 :A trading member shall be deemed guilty of un businesslike conduct for any of the following or similar acts or omissions namely [Mark 2]





Question 44 :The daily margin in T plus 2 rolling settlement comprises of [Mark 3]





Question 45 :Where a recognized stock exchange acting in pursuance of any power given to it by its bye laws refuses to list the securities of any company the company shall be entitled to be furnished with reasons for such refusal and the company may appeal to the _____________ against such refusal [Mark 1]





Question 46 :Auction is held in PQR for 10000 shares The closing price of PQR on that day was Rs 149 The last traded price of PQR on that day was Rs 144 The close price of PQR last Friday was Rs 145 The previous days close price of PQR was Rs 154 What is the maximum allowable price at which the member can put a sell order in the auction for PQR Assume Price Band applicable for Auction market is plus minus 20 percent [Mark 3]





Question 47 :A stock broker shall not encourage sales or purchases of securities with the sole object of generating brokerage or commission Is the above statement True or False under the Code of Conduct Guidelines prescribed under SEBI Stock Brokers and Sub brokers Regulations 1992 [Mark 2]



Question 48 :A client shall make payment for securities purchased to the trading member [Mark 1]





Question 49 :One of the Custodial Trade Reports is the [Mark 1]





Question 50 :Which of the following is NOT a derivative traded on Indian Stock Market [Mark 1]





Question 51 :The NSCCL interposes itself as a central counterparty between the counterparties to trades and nets the positions so that a member has security wise net obligation to receive or deliver a security and has to either pay or receive funds [Mark 1]



Question 52 :Which of the following is FALSE about auctions in the NEAT system? [Mark 2]





Question 53 :Which of the following do not issue securities in the primary market [Mark 1]





Question 54 :Which of the following statements is FALSE about the NEAT system [Mark 2]





Question 55 :The stamp duty on transfer of demat securities has been waived [Mark 1]



Question 56 :Is it compulsory for a trading member to maintain a separate bank account for the Clients [Mark 1]





Question 57 :The stop loss orders are prioritized in the stop loss book with the [Mark 2]





Question 58 :What does OM indicate as an activity in the Activity Log screen in the NEAT system [Mark 1]





Question 59 :Mr Shah has decided to deposit Rs 300000 in the bank annually If the bank has a policy of continuous compounding and the prevailing interest rate is 12 percent how much would his deposit grow upto in 3 years [Mark 2]





Question 60 :How many depositories are there in India [Mark 1]