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[General] Latest Study NISM-Series-VII Questions - Latest NISM-Series-VII Exam Price

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【General】 Latest Study NISM-Series-VII Questions - Latest NISM-Series-VII Exam Price

Posted at yesterday 21:23      View:17 | Replies:1        Print      Only Author   [Copy Link] 1#
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NISM Series VII - Securities Operations and Risk Management Certification Sample Questions (Q57-Q62):NEW QUESTION # 57
Identify the correct timeline for the 'Auction Pay-in' and 'Auction Pay-out' of securities and funds in the context of the T+1 rolling settlement cycle.
  • A. Auction Pay-in: T+2; Auction Pay-out: T+3
  • B. Auction Pay-in: T+3; Auction Pay-out: T+3
  • C. Auction Pay-in: T+2 (Subsequent day); Auction Pay-out: T+2 (Same day)
  • D. Auction Pay-in: T+1 (After auction session); Auction Pay-out: T+1 (End of day)
  • E. Auction Pay-in: T+1 (Evening); Auction Pay-out: T+2 (Morning)
Answer: C
Explanation:
The auction for undelivered quantities is conducted on the settlement day (T+1 The members are required to deliver the shares (Auction Pay-in) to the clearing corporation on or before the auction pay-in day, i.e., the subsequent day (T+2). Pay-out of auction shares and funds is also done on the same day (T+2).

NEW QUESTION # 58
To bring transparency to the Investor Grievance Redressal Mechanism, stock brokers are mandated to disclose data on complaints received and redressed on their respective websites. What is the specific deadline for this disclosure?
  • A. By the last day of the succeeding month
  • B. Within 21 days of the end of the quarter
  • C. By the 7th of the succeeding month
  • D. By the 10th of the succeeding month
  • E. By the 15th of the succeeding month
Answer: C
Explanation:
All Stock Brokers shall disclose on their respective websites, the data on complaints received against them or against issues dealt by them and redressal thereof, latest by the seventh of the succeeding month, as per the SEBI provided format.

NEW QUESTION # 59
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 location where the Market Infrastructure Institution (Mll) is headquartered.
  • B. The location of the SEBI Regional Office nearest to the investor.
  • C. The registered office of the ODR Institution administering the dispute.
  • D. The place where the investor resides permanently.
  • E. The High Court jurisdiction where the listed company is registered.
Answer: D
Explanation:
The venue and seat of the online proceedings shall be deemed to be the place: 'In case of disputes between investor/client and listed companies... where the investor resides permanently',.

NEW QUESTION # 60
For a client availing the Margin Trading Facility (MTF) to purchase Group 1 equity shares that are NOT available for trading in the F&O segment, what is the applicable initial margin requirement that the stock broker must collect?
  • A. 40% of the trade value irrespective ofVaR and ELM
  • B. Span Margin + Exposure Margin
  • C. VaR Margin + Extreme Loss Margin (ELM)
  • D. VaR Margin + 5 times applicable Extreme Loss Margin
  • E. VaR Margin + 3 times applicable Extreme Loss Margin
Answer: D
Explanation:
For Group 1 stocks other than F&O stocks and Units of Equity ETF, the applicable margin for Margin Trading Facility is VaR + 5 times of applicable Extreme Loss Margin. For Group 1 stocks available in F&O, it is VaR + 3 times ELM.

NEW QUESTION # 61
In the context of the validation process for Pay-In of securities from a client's demat account to the Member Pool Account, how do Depositories handle a specific transfer instruction where the quantity specified in the instruction exceeds the client-wise net delivery obligation provided by the Clearing Corporation?
  • A. The instruction is rejected in its entirety due to the discrepancy in quantity.
  • B. The instruction is partially processed by the depositories up to the matching obligation quantity.
  • C. The instruction is processed fully, but the excess securities are immediately returned to the client's account by the Clearing Member.
  • D. The instruction is processed fully, creating an excess balance in the Member Pool Account which is flagged for audit.
  • E. The instruction is kept pending until the Clearing Corporation updates the obligation to match the instruction.
Answer: B
Explanation:
According to the validation process rules: 'If the quantity in instruction is more than the obligation provided by CC, then the instruction will be partially processed by the depositories (i.e., upto the matching obligation quantity).'

NEW QUESTION # 62
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Posted at yesterday 22:20        Only Author  2#
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