NISM-Series-VII在線考題,NISM-Series-VII認證指南

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NISM NISM-Series-VII Exam Syllabus Topics:
| Section | Objectives |
|---|
| Topic 1: Risk Management in Securities Markets | - Market and operational risk
- 1. Types of financial risks
- 2. Operational risk controls
- Risk mitigation systems
- 1. Surveillance and compliance mechanisms
- 2. Margins and collateral systems
|
| Topic 2: Depository Operations | - Corporate actions
- 1. Dividends, bonuses, splits
- 2. Record dates and entitlement processing
- Demat account framework
- 1. Account opening and maintenance
- 2. NSDL and CDSL roles
|
| Topic 3: Clearing and Settlement | - Settlement systems
- 1. Margining and risk adjustments
- 2. T+1/T+2 settlement cycles
- Clearing mechanisms
- 1. Clearing corporations and counterparties
- 2. Netting and settlement obligations
|
| Topic 4: Securities Market Operations | - Market participants and structure
- 1. Roles of brokers, exchanges, and investors
- 2. Order types and trading mechanism basics
- Trading process
- 1. Trade confirmation and reporting
- 2. Order execution and trade lifecycle
|
>> NISM-Series-VII在線考題 <<
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最新的 National Institute of Securities Markets NISM-Series-VII 免費考試真題 (Q267-Q272):
問題 #267
Under the framework for 'Demat Debit and Pledge Instruction' (DDPI), which replaces the Power of Attorney (POA) for specific purposes, for which of the following activities is the use of DDPI strictly limited to?
- A. Opening a new beneficial owner account or a broking facility with another stock broker.
- B. Transfer of securities to the demat account of the Trading Member for margin purposes (title transfer).
- C. Transfer of securities held in the beneficial owner accounts of the client towards Stock Exchange related deliveries or settlement obligations.
- D. Execution of off-market trades between parties other than the related parties.
- E. Transfer of funds from the bank account of the client to the stock broker's settlement account for meeting margin requirements.
答案:C
解題說明:
According to the source, the use of DDPI shall be limited only for specific purposes: 1) Transfer of securities held in the beneficial owner accounts of the client towards Stock Exchange related deliveries / settlement obligations; 2) Pledging / re-pledging of securities in favour of TMI CM for meeting margin requirements; 3) Mutual Fund transactions on stock exchange platforms; 4) Tendering shares in open offers. Conditions like transfer of funds or off-market trades are not covered under the limited purpose DDPI.
問題 #268
Which of the following instruments is specifically defined as a rupee-denominated bond issued outside India by Indian entities to raise money in local currency from foreign investors?
- A. American Depository Receipts (ADRs)
- B. Masala Bonds
- C. Indian Depository Receipts (IDRs)
- D. Global Depository Receipts (GDRs)
- E. Foreign Currency Convertible Bonds (FCCBs)
答案:B
解題說明:
Masala Bonds are rupee-denominated bonds issued outside India by Indian entities. They are debt instruments which help to raise money in local currency from foreign investors,. FCCBs are issued in foreign currency. IDRs are for foreign companies raising funds in India. GDRs and ADRs are equity-based instruments issued by foreign depository banks,.
問題 #269
Every clearing member is required to maintain a separate primary clearing account with a designated clearing bank. Which of the following operational restrictions applies to this account regarding withdrawals?
- A. Funds can be withdrawn only after obtaining a No Objection Certificate (NOC) from the Stock Exchange.
- B. Funds can be withdrawn directly to third-party vendor accounts for operational expenses.
- C. Funds can be withdrawn only in the self-name of the clearing member.
- D. Withdrawals are limited to 50% of the account balance on any given day.
- E. Withdrawals are strictly prohibited; funds must only be used for settlement obligations.
答案:C
解題說明:
According to the source, 'Clearing members can deposit funds into these accounts in any form and can withdraw funds from these accounts only in self-name'. This account is to be used exclusively for clearing and settlement operations.
問題 #270
If the Core SGF is utilized during a calendar month due to a default, specific rules apply to the replenishment of contributions by members. Which of the following is the correct restriction on such replenishment?
- A. Replenishment is voluntary and depends on the profitability of the non-defaulting members.
- B. Members are liable to replenish the fund only if the default amount exceeds Rs. 100 Crore.
- C. Contribution towards replenishment by members is restricted to only once during a period of 30 calendar days, regardless of the number of defaults during the period.
- D. Replenishment is deferred to the next financial quarter to avoid liquidity stress on members.
- E. Members must replenish the fund immediately after every default without any limit on the number of times in a month.
答案:C
解題說明:
The source states: 'However, such contribution towards replenishment of Core SGF by the members would be restricted to only once during a period of 30 calendar days regardless of the number of defaults during the period. The period of 30 calendar days shall commence from the date of notice of default...'
問題 #271
To ensure a smooth settlement process in case of holidays, Clearing Corporations (CCs) are required to follow a specific operational sequence. Which of the following statements accurately describes this sequence regarding multiple settlements scheduled for the same day?
- A. The pay-in and pay-out of the first settlement shall be completed before the commencement of the pay-in and pay-out of the subsequent settlement(s).
- B. Settlements are aggregated into a single net obligation for the entire holiday period to avoid sequential processing.
- C. CCs shall process all pay-ins for all scheduled settlements simultaneously before initiating any pay-outs.
- D. CCs shall prioritize the settlement with the highest volume, regardless of the chronological order of trade dates.
- E. The pay-out of the subsequent settlement must be completed before the pay-in of the first settlement to ensure liquidity.
答案:A
解題說明:
According to the guidelines for settlement in case of holidays, 'The CCs shall clear and settle the trades on a sequential basis i.e., the pay-in and the pay-out of the first settlement shall be completed before the commencement of the pay-in and pay-out of the subsequent settlement(s).'
問題 #272
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