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CM Mock Test 05 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

Please do not refersh or reload this page

10/21/2017 10:47:41 AM

Total Questions  60
 

Pass Marks is 55%

Time Left : 00:00:00 Hrs

 


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





Question 2 :The Message Window in the NEAT system allows a user to view messages broadcast by the Exchange such as [Mark 1]





Question 3 :100 share of Reliance Ltd are purchased on Monday Provided there are no holidays in between settlement should take place on [Mark 2]





Question 4 :is a volume related order condition [Mark 2]





Question 5 :The branch manager receives End of Day reports for [Mark 2]





Question 6 :The following facility allows the user to have a drop down list of client codes at the account field [Mark 2]





Question 7 :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 8 :In case the security has not been traded on a particular day _______ at the NSE is to be considered as the closing price [Mark 2]





Question 9 :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 10 :NSE has implemented __________ in compulsory rolling settlement with effect from July 02 2001 [Mark 1]





Question 11 :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 12 :Securities and funds pay out takes place on __________ working days after the trade date [Mark 2]





Question 13 :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 14 :Security wise User Order Quantity Limit or SUOQL can be modified anytime during trading hours [Mark 2]



Question 15 :can be traded in the Limited Physical Market [Mark 1]





Question 16 :Securities Delivered Statement, This statement provides information on [Mark 1]





Question 17 :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 18 :An advertisement released by a trading member can contain a recommendation regarding purchase or sale of any particular share or security of any company [Mark 2]



Question 19 :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 20 :The Trading Members shall keep the dematerialised securities of Constituents in a separate beneficiary account distinct from the beneficiary account maintained for holding their own dematerialised securities [Mark 1]



Question 21 :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 22 :assumes the counter party risk of each member and guarantees financial settlement [Mark 2]





Question 23 :What does OM indicate as an activity in the Activity Log screen in the NEAT system [Mark 1]





Question 24 :One of the requirements for admission to membership on the NSE is to pass an on line examination under NSEs Certification in Financial Markets [Mark 1]



Question 25 :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 26 :Surveillance and Control or SURCON is that period after market close during which the users have _________ only [Mark 1]





Question 27 :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 28 :At the end of the trade cycle the trades are _________ to determine the obligations of the trading members to deliver securities or funds as per settlement schedule [Mark 2]





Question 29 :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 30 :For liquid securities the VaR margins are based on the ___________ of the Security [Mark 2]





Question 31 :The stamp duty on transfer of demat securities has been waived [Mark 1]



Question 32 :No person shall be admitted as trading member of a recognized stock exchange if he has been adjudged bankrupt or a receiver order in bankruptcy has been made against him or he has been proved to be insolvent even though he has obtained his final discharge [Mark 1]



Question 33 :The stop loss orders are prioritized in the stop loss book with the [Mark 1]





Question 34 :The orders with __________ attribute disclose only a part of the total order quantity to the market [Mark 1]





Question 35 :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 36 :Statement 1st An active buy order matches with the best passive sell order if the price of the passive sell order is less than or equal to the price of the active buy order And Statement 2nd An passive buy order matches with the best active sell order if the price of the passive buy order is less than or equal to the price of the active sell order Which of the above statements is True [Mark 2]





Question 37 :The pre set Market price protection percentage is by default set to _____ of the LTP [Mark 2]





Question 38 :A user can simultaneously view a regular inquiry eg MBP and the Snap Quote display on the trading screen [Mark 2]



Question 39 :Fixed Deposit Receipts issued by approved banks can be submitted as a _________ to NSCCL by trading members [Mark 2]





Question 40 :A trading member on the NSE has set the branch order value unlimited for his Chennai branch and Rs 800 lakh for Kolkata branch and Chennai branch has two users X and Y with user order limits of Rs 550 lakh and Rs 500 lakh respectively and Kolkata branch has one user Z with user order value limit of Rs 550 lakh and 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 :Upfront margin rates applicable for all securities in Trade for Trade segment is [Mark 2]





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





Question 43 :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 44 :Institutional transactions are identified by the use of the _________ at the time of order entry [Mark 2]





Question 45 :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 46 :In NSCCL a _________ is a clearing member but not a trading member [Mark 2]





Question 47 :What does AUI indicate as a message code in Full Message window in the NEAT system [Mark 1]





Question 48 :Two buy 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 80 at time 31 pass 10 am Which order will get a priority for getting executed [Mark 1]





Question 49 :NSCCL becomes the legal counterparty to the net settlement obligations of every member This principle is called [Mark 1]





Question 50 :The trading members can participate in the Exchange initiated auctions by entering orders as a [Mark 2]





Question 51 :One of the Custodial Trade Reports is the [Mark 1]





Question 52 :If a client buys shares worth Rs 100000 and sells shares worth Rs 100000 through a stock broker then the maximum brokerage payable is [Mark 3]





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





Question 54 :Auction Square Up Debit Statement This report gives details of unsanctioned deliveries that are squared up by the Exchange [Mark 2]



Question 55 :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 56 :Mr Desai has decided to deposit Rs 200000 in the bank annually If the bank has a policy of continuous compounding and the prevailing interest rate is 8 percent how much would his deposit grow upto in 2 years [Mark 2]





Question 57 :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 58 :What does P indicate as a status in the Auction Inquiry screen in the NEAT system [Mark 1]





Question 59 :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 2]



Question 60 :Security sigma means the ______ of the security computed as at the end of the previous trading day [Mark 2]