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CM Mock Test 04 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

Please do not refersh or reload this page

10/21/2017 5:59:27 PM

Total Questions  60
 

Pass Marks is 55%

Time Left : 00:00:00 Hrs

 


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





Question 2 :Which of the following is FALSE about trade cancellation in the NEAT system [Mark 1]





Question 3 :Which is the settlement system followed by NSCCL with effect from April 1 2003 [Mark 2]





Question 4 :Which of the following statements is TRUE on the NEAT system 1st Disclosed quantity orders cannot be modified to such a quantity where the disclosed quantity is greater than the order quantity 2nd Except for the Limited Physical market a user cannot modify an order to a quantity less than the specified Regular Lot and multiples of Regular Lot 3rd Orders cannot be modified to a quantity greater than the issued capital for the security [Mark 2]





Question 5 :Which of the following functions a branch manager can perform on the NEAT system [Mark 2]





Question 6 :The daily margin in T plus 2 rolling settlement comprises of [Mark 2]





Question 7 :Which of the following is not true about Mark to Market Margin [Mark 2]





Question 8 :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 9 :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 10 :A client shall make payment for securities purchased to the trading member [Mark 2]





Question 11 :Which of the following is NOT a derivative traded on Indian Stock Market [Mark 1]





Question 12 :Contract note is signed by the [Mark 1]





Question 13 :Which of the following is FALSE about auctions in the NEAT system [Mark 2]





Question 14 :In which book type on the NEAT system does the user enter Limited Physical orders [Mark 1]





Question 15 :Which of the following statements is FALSE about the NEAT system [Mark 1]





Question 16 :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 17 :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 2]





Question 18 :Is it compulsory for a trading member to maintain a separate bank account for the Clients [Mark 2]





Question 19 :A copy of an advertisement has to be submitted by a trading member to NSE [Mark 1]





Question 20 :A portfolio contains securities with the expected return as security A probability 40 Return 30 and security B probability 20 return 30 and security C probability 40 and return 50 than what will be the expected return of the portfolio [Mark 1]





Question 21 :A settlement system has 1st counterparty risk and 2nd systems risk and 3rd liquidity risk [Mark 2]





Question 22 :What does OM indicate as an activity in the Activity Log screen in the NEAT system [Mark 1]





Question 23 :NSEs Certification in Financial Markets does NOT allow flexibility in terms of [Mark 1]





Question 24 :How many depositories are there in India [Mark 1]





Question 25 :In the event of the user forgetting his password on the NEAT system the trading member is required to [Mark 1]





Question 26 :Register of transactions shall be preserved for a period of ____ years by the stock broker as per the Securities Contracts Regulation Rules 1957 [Mark 2]





Question 27 :The members/custodians make available the required securities in their _____ with Depository Participants by the prescribed pay in time for securities [Mark 2]





Question 28 :What is the maximum number of depository accounts that can be opened by an investor [Mark 1]





Question 29 :VaR margin is charged at differential rate on the ________ position of the client [Mark 2]





Question 30 :Which of the following statements is TRUE [Mark 1]





Question 31 :A registered sub broker and holding registration granted by SEBI on the recommendation of a trading member can transact through [Mark 1]




Question 32 :_____________ or a corporate can become member of an exchange [Mark 1]





Question 33 :NSCCL uses services of to transfer demat securities [Mark 1]





Question 34 :A sub broker can have a maximum of ____ clients [Mark 1]





Question 35 :The amount in unpaid dividend accounts of companies shall be transferred to the [Mark 2]





Question 36 :Which is the principal Act that governs the trading in securities market in India [Mark 2]





Question 37 :Penalty points are charged to members for [Mark 2]





Question 38 :Members can submit which of the following as additional base capital to NSCCL [Mark 2]





Question 39 :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 40 :What is the minimum networth for a corporate member in Capital Market and F and O segments of NSEIL [Mark 2]





Question 41 :Penalties are charged to members for [Mark 3]





Question 42 :Rahul is supposed to receive Rs 90000 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 43 :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 44 :Which of the following obligation reports are NOT generated by the clearing software [Mark 1]





Question 45 :What can the corporate manager view in the Activity Log screen in the NEAT system [Mark 2]





Question 46 :What does LIS indicate as a message code in Full Message window in the NEAT system [Mark 1]





Question 47 :A person can become a member of ____ recognised Stock Exchanges [Mark 1]





Question 48 :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 49 :NSCCL pays out demat securities to the members in the ____________ from where these are transferred to the ___________ of the members [Mark 2]





Question 50 :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 51 :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 52 :Which of the following does NOT issue securities in the primary market [Mark 1]





Question 53 :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 54 :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 2]





Question 55 :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 56 :A maximum penalty of Rs____can be imposed for insider trading as prescribed under SEBI Act 1992 [Mark 2]





Question 57 :What does P indicate as a status in the Auction Inquiry screen in the NEAT system [Mark 1]





Question 58 :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 2]





Question 59 :Over the counter market describes [Mark 2]





Question 60 :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]