NISM-Series-VII試験無料問題集（334題）「NISM Series VII - Securities Operations and Risk Management Certification 認定」

出題：1

In the context of the beta version of the T+0 rolling settlement cycle, how is the applicable price band for a security determined and managed relative to the regular T+1 market?

A. It is set at +1- 1% of the previous day's closing price and remains static throughout the trading session 09:15 AM to 3:30 PM.

B. It operates with a price band of +100 basis points from the price in the regular T+1 market, re-calibrated after every 50 basis points movement in the underlying T+1 market.

C. It operates with a price band of +50 basis points from the opening price of the T+0 market, without any re-calibration during the session.

D. It operates with a fixed price band of +/- 5% irrespective of the movement in the T+1 market.

E. It mirrors the dynamic price band of the T+1 market exactly, flexing only when the T+1 market hits its circuit limit.

正解：B 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：2

Which of the following guidelines are mandated to enable smooth settlement processes and help Clearing Corporations meet obligations in case of holidays? (Select all that apply)

A. Pay-in and pay-out of the first settlement must be completed before the commencement of the subsequent settlement.

B. Members are prohibited from using the pay-out of the first settlement for the subsequent settlement's pay-in.

C. Settlements for all trade dates falling on holidays must be deferred to the next working week.

D. Depositories shall facilitate inter-depository transfers within one hour and before pay-in for the subsequent settlement begins.

E. CCs shall clear and settle trades on a sequential basis.

正解：A,D,E 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：3

The 'Direct Listing of Equity Shares of Companies Incorporated in India on International Exchanges Scheme' is specified under which schedule of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019?

A. Schedule I

B. Schedule X

C. Schedule V

D. Schedule XI

E. Schedule VII

正解：D 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：4

Under the SCORES 2.0 framework, if a complainant is dissatisfied with the resolution provided by the entity and requests a first review, the Designated Body (DB) may seek clarification from the entity. What is the specific timeline mandated for the Designated Body to submit the revised Action Taken Report (ATR) to the complainant after seeking such clarification?

A. Within 10 calendar days of the review sought

B. Within 15 calendar days of the review sought

C. Within 30 calendar days of the review sought

D. Within 21 calendar days of the review sought

E. Within 7 calendar days of the review sought

正解：A 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：5

Based on the Securities Contract Regulation Act (SCRA), 1956, select all the instruments that are explicitly included in the definition of 'Securities' from the list below.

A. Derivatives

B. Electronic Gold Receipts

C. Government Securities

D. Zero Coupon Zero Principal Instruments

E. Private Promissory Notes between individuals

正解：A,B,C,D 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：6

Stock Exchanges are required to maintain an Investor Services Fund (ISF) distinct from the Investor Protection Fund (IPF). What is the specific contribution requirement from the Stock Exchange towards the ISF?

A. 100% of the interest earned on the 1% security deposit of issuer companies.

B. 1% of the listing fees received, on a quarterly basis.

C. At least 20% of the listing fees received.

D. 5% of the transaction charges collected from members.

E. The penalty collected for client code modification.

正解：C 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：7

Which of the following statements correctly reflect the general responsibilities and investment restrictions imposed on a Portfolio Manager by SEBI? (Select all that apply)

A. The portfolio manager is permitted to lend securities held on behalf of clients to third parties to generate extra income without restriction.

B. Portfolio Managers may invest in units of Mutual Funds only through the direct plan.

C. The discretionary portfolio manager can deploy client funds in bill discounting if authorized by the client.

D. The portfolio manager shall segregate each client's holding in securities in separate accounts.

E. The portfolio manager shall not borrow funds or securities on behalf of the client.

正解：B,D,E 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：8

For stock brokers providing Algorithmic Trading facilities, SEBI has mandated specific controls and audit requirements. Which of the following combinations correctly specifies the server location requirement and the frequency of system audits?

A. Server Location: Co-location facility only; Audit Frequency: Quarterly

B. Server Location: Broker's registered office only; Audit Frequency: Every two years

C. Server Location: Any global location; Audit Frequency: Annually

D. Server Location: India; Audit Frequency: Every six months

E. Server Location: India; Audit Frequency: Once at the time of approval

正解：D 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：9

To safeguard client funds during the running account settlement process, SEBI has stipulated specific banking procedures. Which of the following statements correctly describes the requirement regarding the 'Up Streaming Client Nodal Bank Account' (USCNBA) during settlement?

A. The USCNBA is used only for receiving funds from the Exchange, while client receipts are deposited in the Settlement Account.

B. USCNBA funds must be transferred to the Clearing Corporation's settlement account before being paid out to clients.

C. Funds in the USCNBA can be used for inter-client adjustments if the clients have provided specific consent in the KYC form.

D. Trading Members must ensure that funds received from clients whose running account has been settled remain in the USCNBA and are not used to settle other clients.

E. Funds can be moved to the broker's proprietary account temporarily to facilitate faster settlement payouts.

正解：D 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：10

Which of the following facilities are normally offered by a stock broker's outlet as part of their diversified services? (Select all that apply)

A. Mobile trading & Smart Order Routing (SOR)

B. Margin funding

C. Internet-based Online Trading (IBT)

D. Investment advice & Research reports

E. Issuance of Indian Currency

正解：A,B,C,D 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

NISM-Series-VII試験無料問題集「NISM Series VII - Securities Operations and Risk Management Certification 認定」