NISM Series VII - Securities Operations and Risk Management Certification: NISM-Series-VII Exam
"NISM Series VII - Securities Operations and Risk Management Certification", also known as NISM-Series-VII exam, is a NISM Certification. With the complete collection of questions and answers, Pass4sureCert has assembled to take you through 334 Q&As to your NISM-Series-VII Exam preparation. In the NISM-Series-VII exam resources, you will cover every field and category in National Institute of Securities Markets Certification helping to ready you for your successful NISM Certification.
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NISM Series VII - Securities Operations and Risk Management Certification Sample Questions:
1. In the context of the T+1 rolling settlement cycle for the Cash Segment, by what specific time must the custodial confirmation of trades be completed on the T+1 day to ensure the timely determination of final obligations by the Clearing Corporation?
A) By 7:30 AM on T+1 Day
B) By 11:00 AM on T+1 Day
C) By 9:00 AM on T+1 Day
D) By 4:15 PM on T Day
E) By 1:30 PM on T+1 Day
2. Indian Depository Receipts (IDRs) allow foreign companies to raise funds from the Indian securities markets. Which of the following statements accurately reflects the rules regarding the redemption or conversion of IDRs into underlying equity shares?
A) Redemption is permitted only after 3 years from the date of listing.
B) Two-way fungibility is strictly prohibited for IDRs.
C) Redemption/Conversion is permitted after 1 year from the date of listing of the IDRs.
D) Redemption is permitted immediately upon listing of the IDRs.
E) IDRs can only be converted into underlying shares if the issuer is a US-based company.
3. Under the 'Beta version of T+0 rolling settlement cycle on optional basis', which of the following operational parameters regarding trading hours, price bands, and shortage handling is correctly defined?
A) Security shortages are handled through an auction session conducted on the same day.
B) The price band is fixed at +1-5% of the closing price in the regular T+1 market.
C) The trading session operates continuously from 09:15 AM to 3:30 PM.
D) Netting of pay-in and pay-out obligations is permitted between T+1 and T+0 settlement cycles.
E) Pay-in for T+0 sell obligations is allowed only by way of early pay-in using the block mechanism.
4. A Trading Member executes the following trades in a specific scrip on a given day:
* Buy 500 shares @ Rs. 100
* Sell 300 shares @ Rs. 105
* Buy 200 shares @ Rs. 95
What are the final Net Quantity and Net Fund obligations for the member to be settled with the Clearing Corporation?
A) Net Qty: 400 (Receive); Net Funds: Pay Rs. 37,500
B) Net Qty: 0; Net Funds: Receive Rs. 1,500
C) Net Qty: 400 (Deliver); Net Funds: Receive Rs. 37,500
D) Net Qty: 400 (Receive); Net Funds: Pay Rs. 69,000
E) Net Qty: 1000 (Receive); Net Funds: Pay Rs. 100,500
5. In the context of determining the 'venue and seat' of online proceedings for a dispute between an individual investor and a listed company/intermediary, which location is deemed to be the venue and seat?
A) The place where the investor resides permanently.
B) The location where the Market Infrastructure Institution (Mll) is headquartered.
C) The location of the SEBI Regional Office nearest to the investor.
D) The registered office of the ODR Institution administering the dispute.
E) The High Court jurisdiction where the listed company is registered.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: E | Question # 4 Answer: A | Question # 5 Answer: A |
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