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CM Mock Test 03 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

Please do not refersh or reload this page

12/16/2017 12:26:16 PM

Total Questions  60
 

Pass Marks is 55%

Time Left : 00:00:00 Hrs

 


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



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



Question 5 :The onus for settling the trade lies on the PCM in case there is a PCM associated to any Trading Member [Mark 1]



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



Question 7 :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 8 :The process adopted to determine the net settlement obligations delivery or receipt positions of CMs is verbally called as [Mark 2]




Question 9 :On the securities pay in day delivering members are required to bring in [Mark 1]



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



Question 11 :NSCCL identifies short deliveries and conducts a buying in auction through the NSE trading system [Mark 1]




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




Question 13 :Auction settlement is done in [Mark 2]





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




Question 15 :Can a stock Exchange directly deliver securities to the investors accounts on both the depositories [Mark 1]




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 :Penalty Points at the beginning of the first settlement period of each 1 1 1 month will be [Mark 2]



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





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 :Which stock can be termed as Group 1 stock [Mark 3]




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




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




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




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




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




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





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 :NSCCL has an alarm set for Gross Exposure breaching; the level for such alarms are set as [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 :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 :Bank Gurantee can be treaded as cash if the gurantee is given by a Bank [Mark 3]




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



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



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




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



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





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





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





Question 43 :Which of the following functions a branch manager can perform on the NEAT system [Mark 1]





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





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





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





Question 49 :Which of the following is NOT a derivative traded on Indian Stock Market [Mark 2]





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





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





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





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





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





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





Question 57 :A copy of an advertisement has to be submitted by a trading member to NSE [Mark 2]





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





Question 59 :NSEs Certification in Financial Markets does NOT allow flexibility in terms of [Mark 2]





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