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CM Mock Test 06 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

Please do not refersh or reload this page

9/21/2014 9:05:40 AM

Total Questions  60
 

Pass Marks is 55%

Time Left : 00:00:00 Hrs

 


Question 1 :In the event of the user forgetting his password on the NEAT system, the trading member is required to _______ [Mark 2]





Question 2 :Register of transactions Sauda Book shall be preserved for a period of _____ years by the stock broker as per the Securities Contracts Regulation Rules, 1957 [Mark 1]





Question 3 :The members or custodians make available the required securities in their ____________ with Depository Participants by the prescribed pay in time for securities [Mark 1]





Question 4 :What is the maximum number of depository accounts that can be opened by an investor [Mark 2]





Question 5 :VaR margin is charged at differential rate on the ____________ position of the client [Mark 1]





Question 6 :Which of the following statements is TRUE [Mark 1]





Question 7 :A registered sub broker, holding registration granted by SEBI on the recommendation of a trading member, can transact through ___________ [Mark 3]





Question 8 :______ or a corporate can become member of an exchange [Mark 1]





Question 9 :NSCCL uses services of _________ to transfer demat securities [Mark 1]





Question 10 :A sub broker can have a maximum of ___ clients [Mark 1]





Question 11 :The amount in unpaid dividend accounts of companies shall be transferred to the ____ [Mark 1]





Question 12 :Which is the principal Act that governs the trading in securities market in India [Mark 2]





Question 13 :Penalty points are charged to members for ___________ [Mark 2]





Question 14 :Members can submit which of the following as additional base capital to NSCCL [Mark 1]





Question 15 :A trading member on the NSE, has set the branch order value unlimited for his Chennai branch and Rs 950 lakh for Kolkata branch, Chennai branch has two users X and Y with user order limits of Rs 250lakh and Rs 300lakh respectively, 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 2]





Question 16 :What is the minimum networth for a corporate member in Capital Market and F and O segments of NSEIL [Mark 2]





Question 17 :A trading member is getting a message that he has violated the gross exposure limit, The gross exposure at that point of time was Rs 1300lakh, What is his base capital, Assume Rs 1300 lakh is allowable gross exposure [Mark 2]





Question 18 :Rahul is supposed to receive Rs 90,000 from Chandra after 3 years, If the interest rate is 8 percent, what is the present value of the amount due from Chandra [Mark 3]





Question 19 :Which of the following obligation reports are NOT generated by the clearing software [Mark 1]





Question 20 :What can the corporate manager view in the Activity Log screen in the NEAT system [Mark 2]





Question 21 :What does LIS indicate as a message code in Full Message window in the NEAT system [Mark 1]





Question 22 :A person can become a member of __ recognised Stock Exchanges [Mark 1]





Question 23 :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 24 :NSCCL pays out demat securities to the members in the __________ from where these are transferred to the ____________ of the members [Mark 1]





Question 25 :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 26 :If a client buys shares worth Rs 90,000 and sells shares worth Rs 1,10,000 through a stock broker, then the maximum brokerage payable is _____ [Mark 3]





Question 27 :Which of the following does NOT issue securities in the primary market [Mark 1]





Question 28 :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 1]





Question 29 :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 1]





Question 30 :Mr Desai has decided to deposit Rs 100,000 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 upto in 2 years [Mark 3]





Question 31 :A maximum penalty of Rs _______ can be imposed for insider trading, as prescribed under SEBI Act, 1992 [Mark 1]





Question 32 :What does P indicate as a status in the Auction Inquiry screen in the NEAT system [Mark 1]





Question 33 :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 1]





Question 34 :Which of the following is or are TRUE about the ticker in the NEAT system, 1st The user has the option of selecting the securities that should appear in the ticker, 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 The ticker displays information about any trade in the system as and when it takes place [Mark 2]





Question 35 :If a Trading member is awarded 30 points in June and 50 points in July, what is the expected action on him [Mark 3]





Question 36 :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 37 :A portfolio contains securities with the expected return as follows, security A, Probability 40, Return 30 And Security B, Probability 20, Return 30 And Security C, Probability 40 and Return 50, What will be the expected return of the portfolio [Mark 2]





Question 38 :A settlement system has ________ 1st counterparty risk, 2nd systems risk, 3rd liquidity risk [Mark 1]





Question 39 :Which of the following activities the user can carry out during Open phase in the normal market on the NEAT system [Mark 2]





Question 40 :What is the purpose of Market Statistics report on the NEAT system [Mark 3]





Question 41 :x point 25 address check is performed in the NEAT system when the user ________ [Mark 3]





Question 42 :Orders, in the Outstanding Orders screen in the NEAT system, are displayed _______ [Mark 3]





Question 43 :Order entry can be carried out in RETDEBT market by selecting ______ in the book type field [Mark 1]





Question 44 :Auction is held in XYZ for 5,000 shares, the closing price of XYZ on that day was Rs 155, the last traded price of XYZ on that day was Rs 150, the price of XYZ last Friday was Rs 151, the previous days close price of XYZ was Rs 160, What is the maximum allowable price at which the member can put a sell order in the auction for XYZ, The price band applicable for auction market is plus minus 20 percent [Mark 3]





Question 45 :Which of the following is true about trade cancellation in the NEAT system [Mark 2]





Question 46 :Which of the following is false about auctions in the NEAT system [Mark 2]





Question 47 :What is true about internet trades on NSEIL [Mark 2]





Question 48 :In Limited Physical market, orders get matched when _______ in the buy and sell order [Mark 1]





Question 49 :Which of the following statement is true [Mark 1]





Question 50 :Which of the following is true about rolling settlement [Mark 1]





Question 51 :Under T plus 2 rolling settlement, pay in of funds and securities takes place _________ [Mark 2]





Question 52 :Which of the following is true about settlement for the Limited Physical Market segment [Mark 2]





Question 53 :Penalty points are charged to members for __________ [Mark 2]





Question 54 :Which of the following statements is not true about Mark to Market Margin [Mark 2]





Question 55 :VaR margin is charged at differential rate on the _____________ position of the client [Mark 2]





Question 56 :Members can submit which of the following as additional base capital to NSCCL [Mark 1]





Question 57 :Which of the following agencies assigns ISINs to the securities in India [Mark 1]





Question 58 :Which of the following is or are 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 1]





Question 59 :The name of the ________appears in the records of the issuer as registered owner of demat securities [Mark 1]





Question 60 :Which of the following are the benefits to the trading membership of NSE [Mark 3]