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CM Mock Test 14 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

Please do not refersh or reload this page

12/16/2017 12:38:53 PM

Total Questions  60
 

Pass Marks is 55%

Time Left : 00:00:00 Hrs

 


Question 1 :Register of transactions Sauda Book shall be preserved for a period of _____ years by the stock broker as per the Securities Contracts Regulation Rules, 1957 [Mark 1]





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





Question 3 :______ or a corporate can become member of an exchange [Mark 1]





Question 4 :An application for arbitration can be filed within ____ from the date of dispute [Mark 1]





Question 5 :A sub broker can have a maximum of ___ clients [Mark 1]





Question 6 :Which of the following functions a branch manager can perform on the NEAT system [Mark 2]





Question 7 :Which is the principal Act that governs the trading in securities market in India [Mark 2]





Question 8 :Which of the following is not true about Mark to Market Margin [Mark 2]





Question 9 :What is the minimum networth for a corporate member in Capital Market and F and O segments of NSEIL [Mark 1]





Question 10 :A trading member on the NSE has a branch order value of Rs 750 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 200 lakh and Rs 200 lakh respectively and Delhi branch has one user Z with user order value limit of Rs 450 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 11 :Rahul is supposed to receive Rs 90,000 from Chandra after 3 years, If the interest rate is 8 percent, what is the present value of the amount due from Chandra [Mark 3]





Question 12 :Which of the following is NOT a derivative traded on Indian Stock Market [Mark 1]





Question 13 :Which of the following is or are TRUE about the ticker in the NEAT system, 1st The user has the option of selecting the securities that should appear in the ticker, 2nd When a request for the trade cancellation is approved by the Exchange, the parties to trade receive a system message confirming the trade cancellation and the trade cancellation slip is printed at their respective trader workstations, 3rd The ticker displays information about any trade in the system as and when it takes place [Mark 1]





Question 14 :Which of the following is FALSE about auctions in the NEAT system [Mark 2]





Question 15 :Members can submit which of the following as additional base capital to NSCCL [Mark 1]





Question 16 :Which of the following statements is FALSE about the NEAT system [Mark 1]





Question 17 :Auction is held in XYZ for 5,000 shares, the closing price of XYZ on that day was Rs 155, the last traded price of XYZ on that day was Rs 150, the price of XYZ last Friday was Rs 151, the previous days close price of XYZ was Rs 160, What is the maximum allowable price at which the member can put a sell order in the auction for XYZ, The price band applicable for auction market is plus minus 20 percent [Mark 3]





Question 18 :A trading member submits to the stock exchange on an annual basis 1st audited financial statements 2nd networth certificate 3rd proof of renewal of insurance cover [Mark 1]





Question 19 :In Limited Physical market, orders get matched when _______ in the buy and sell order [Mark 1]





Question 20 :A copy of an advertisement has to be submitted by a trading member to NSE [Mark 1]





Question 21 :Which of the following is false about auctions in the NEAT system [Mark 2]





Question 22 :A settlement system has 1st counterparty risk and 2nd systems risk and 3rd liquidity risk [Mark 1]





Question 23 :Which of the following statements is not true about Mark to Market Margin [Mark 2]





Question 24 :NSEs Certification in Financial Markets does NOT allow flexibility in terms of [Mark 1]





Question 25 :What is the purpose of Market Statistics report on the NEAT system [Mark 3]





Question 26 :In the event of the user forgetting his password on the NEAT system the trading member is required to [Mark 1]





Question 27 :Which of the following are the benefits to the trading membership of NSE [Mark 3]





Question 28 :The members or custodians make available the required securities in their _____ with Depository Participants by the prescribed pay in time for securities [Mark 1]





Question 29 :Which of the following is or are TRUE about trade cancellation in the NEAT system, 1st The trade cancellation request is sent to the Exchange for approval and message to that effect is displayed in the message window, 2nd When a request for the trade cancellation is approved by the Exchange, the parties to trade receive a system message confirming the trade cancellation and the trade cancellation slip is printed at their respective trader workstations, 3rd If the Exchange rejects the trade cancellation request, the trade cancellation rejection slip is printed at their respective trader workstations [Mark 1]





Question 30 :VaR margin is charged at differential rate on the ________ position of the client [Mark 2]





Question 31 :The maximum amount of claim payable from the IPF to the investor where the trading member through whom the investor has dealt is declared a defaulter is ________ [Mark 1]





Question 32 :A registered sub broker and holding registration granted by SEBI on the recommendation of a trading member can transact through [Mark 1]




Question 33 :Which address of the Corporate trading member is printed on the contract note, 1st Registered office address 2nd Dealing office address 3rd Correspondence address [Mark 1]





Question 34 :NSCCL uses services of to transfer demat securities [Mark 1]





Question 35 :Every stock broker shall preserve the books of accounts and other records prescribed under the SEBI Stock Brokers and Sub brokers Regulations, 1992 for a minimum period of _______ years [Mark 1]





Question 36 :The amount in unpaid dividend accounts of companies shall be transferred to the [Mark 2]





Question 37 :A trading member submits ____________ to the stock exchange on an annual basis, 1st audited financial statements, 2nd networth certificate, 3rd proof of renewal of insurance cover [Mark 1]





Question 38 :Penalty points are charged to members for [Mark 2]





Question 39 :What is the maximum number of depository accounts that can be opened by an investor [Mark 2]





Question 40 :A trading member on the NSE has set the branch order value unlimited for his Chennai branch and Rs 950 lakh for Kolkata branch and Chennai branch has two users X and Y with user order limits of Rs 250 lakh and Rs 300 lakh respectively and Kolkata branch has one user Z with user order value limit of Rs 350 lakh 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 statements is TRUE [Mark 1]





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





Question 43 :Which of the following is true about rolling settlement [Mark 1]





Question 44 :Which of the following statements is TRUE about trade cancellation in the NEAT system 1st The trade cancellation request is sent to the Exchange for approval and message to that effect is displayed in the message window 2nd When a request for the trade cancellation is approved by the Exchange the parties to trade receive a system message confirming the trade cancellation and the trade cancellation slip is printed at their respective trader workstations 3rd If the Exchange rejects the trade cancellation request the trade cancellation rejection slip is printed at their respective trader workstations [Mark 2]





Question 45 :If a Trading member is awarded 30 points in June and 50 points in July, what is the expected action on him [Mark 3]





Question 46 :What can the corporate manager view in the Activity Log screen in the NEAT system [Mark 2]





Question 47 :Which of the following is true about settlement for the Limited Physical Market segment [Mark 2]





Question 48 :A person can become a member of ____ recognised Stock Exchanges [Mark 1]





Question 49 :In the demat environment, the securities are transferred from one account to another through book entry only on the instructions of the _______ [Mark 1]





Question 50 :NSCCL pays out demat securities to the members in the ____________ from where these are transferred to the ___________ of the members [Mark 2]





Question 51 :On starting NEAT application which of the following is not shown in the logon screen [Mark 3]





Question 52 :If a client buys shares worth Rs 90000 and sells shares worth Rs 110000 through a stock broker then the maximum brokerage payable is [Mark 3]





Question 53 :When a user logs in for the first time he has to enter the default password [Mark 2]





Question 54 :As per the provisions of SEBI Prohibition of Insider Trading regulations any person who holds more than ___ shares or voting rights in any listed company shall make such disclosure to the company [Mark 2]





Question 55 :A maximum penalty of Rs _______ can be imposed for insider trading, as prescribed under SEBI Act, 1992 [Mark 1]





Question 56 :Mr Desai has decided to deposit Rs 100000 in the bank annually If the bank has a policy of continuous compounding and the prevailing interest rate is 11 point 5 percent how much would his deposit grow up to in 2 years [Mark 2]





Question 57 :Which of the following does NOT issue securities in the primary market [Mark 1]





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





Question 59 :Orders, in the Outstanding Orders screen in the NEAT system, are displayed _______ [Mark 2]





Question 60 :Over the counter market describes [Mark 2]