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CM Mock Test 17 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

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5/22/2019 6:36:16 AM

Total Questions  60

Pass Marks is 55%

Time Left : 00:00:00 Hrs


Question 1 :If a match is not found for an order then the orders are stored in the books as per the [Mark 1]

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

Question 3 :100 percent trading take place through electronic order matching in India [Mark 1]

Question 4 :Two trading members can negotiate a trade outside the exchange [Mark 1]

Question 5 :NSCCL advises Clearing Banks to credit account of custodians CMs and debit its account this process is called [Mark 1]

Question 6 :Limit orders are [Mark 2]

Question 7 :In case of a 10 percent movement of Sensex or Nifty there would be ____________ a if the movement takes place before 1 pm after 1 pm but before 30 pass 2 pm and after 30 pass 2 pm respectively [Mark 3]

Question 8 :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 9 :Term assigned to a user placed at the highest level in a trading firm is [Mark 2]

Question 10 :No price bands are applicable on scrips on which derivative products are available or scrips included in indices on which derivative products are available [Mark 1]

Question 11 :On pay out day the securities are delivered to the respective receiving members [Mark 1]

Question 12 :Term assigned to a user who is placed under the corporate manager is [Mark 2]

Question 13 :When entered an order in IOC [Mark 1]

Question 14 :Auction settlement is done in [Mark 2]

Question 15 :A dealer can [Mark 1]

Question 16 :A dealer can modify only the orders entered by [Mark 2]

Question 17 :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 18 :Activities allowed during Open Phase are [Mark 2]

Question 19 :If the selection is to be made on price priority which of the following orders is the best order [Mark 3]

Question 20 :A trading member exceeds Gross Exposure or Turnover Violation for Rs 4 lacs what is the penalty point awarded to them [Mark 3]

Question 21 :On starting NEAT application which of the following is not shown in the logon screen [Mark 3]

Question 22 :A trade can be requested for modification from Exchange with [Mark 1]

Question 23 :Which stock can be termed as Group 3 stock [Mark 3]

Question 24 :An user can log in with his ID from any location in India [Mark 1]

Question 25 :Competitor period is the period during which competitor order entries are allowed It starts when the [Mark 1]

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

Question 27 :Which of the following is not the index displayed in NEAT [Mark 2]

Question 28 :Competitor period and solicitor period for any auction are set by [Mark 1]

Question 29 :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 30 :Feature that is normally used for information on securities that are not already set in the Market Watch window is taken through [Mark 1]

Question 31 :Order quantities in a Limited Physical Market should not exceed [Mark 2]

Question 32 :NSCCL has an alarm set for Gross Exposure breaching; the level for such alarms are set as [Mark 2]

Question 33 :XD means [Mark 2]

Question 34 :NSE launched internet trading in [Mark 2]

Question 35 :Bank Gurantee can be treaded as cash if the gurantee is given by a Bank [Mark 1]

Question 36 :NSCCL pays out demat securities to the members in the _____________ from where these are transferred to the ___________ of the members [Mark 1]

Question 37 :What is the purpose of Market Statistics report on the NEAT system [Mark 3]

Question 38 :Trading is permitted in the security listed under No Delivery period [Mark 1]

Question 39 :Window that displays security wise information to users for own trades[Mark 2]

Question 40 :Order entry can be carried out in RETDEBT market by selecting ____________ in the book type field [Mark 1]

Question 41 :An application for arbitration can be filed within __________ from the date of dispute [Mark 2]

Question 42 :Window that displays all the activities that have been performed on any order belonging to that user is known as [Mark 2]

Question 43 :Which of the following is false about auctions in the NEAT system [Mark 1]

Question 44 :Which of the following functions a branch manager can perform on the NEAT system [Mark 1]

Question 45 :The screen that allows the users to view the auction activities for the current trading day is called [Mark 2]

Question 46 :In India the settlement system followed for all securities are [Mark 1]

Question 47 :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 48 :Nifty shown in dollor terms is called [Mark 1]

Question 49 :As per the current clearing system the pay in and pay out of funds as well as securities take place in [Mark 2]

Question 50 :Which of the following is FALSE about auctions in the NEAT system? [Mark 2]

Question 51 :During online Backup the system generates two ASCII files namely [Mark 3]

Question 52 :NSCCL has got decretory power to cut off trading and initiates recovery from any trading member in case of any default by them [Mark 1]

Question 53 :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 2]

Question 54 :If you wish to square up your position in a basket portfolio you will [Mark 1]

Question 55 :Who monitors the comprehensive risk management system for proper settlement process [Mark 1]

Question 56 :What does OM indicate as an activity in the Activity Log screen in the NEAT system [Mark 1]

Question 57 :The corporate manager can also authorize a branch with unlimited order entry by [Mark 1]

Question 58 :Who acts as a custodian in NSCCL [Mark 2]

Question 59 :Which of the following is NOT a derivative traded on Indian Stock Market [Mark 1]

Question 60 :Ms Agre Financial Services a trading member on the NSE has a branch order value of Rs 700lakh for his Chennai branch and Rs 650lakh for Calcutta branch and Chennai branch has two users X and Y with user order value limits of Rs 250lakh and Rs 300lakh respectively and Kolkata branch has one user Z with user order value limit of Rs 350lakh The member applies for a new user at Chennai What is the maximum user order value that can be set for the new user [Mark 3]