NISM-Series-VII Unlimited Exam Practice | NISM-Series-VII Formal Test

P.S. Free & New NISM-Series-VII dumps are available on Google Drive shared by DumpsQuestion: https://drive.google.com/open?id=1Led927vcDs117MhWiQ5TV70PS38GtgzN

Our NISM NISM-Series-VII study guide in order to allow the user to form a complete system of knowledge structure, the qualification examination of test interpretation and supporting course practice organic reasonable arrangement together, the NISM-Series-VII simulating materials let the user after learning the section, and each section between cohesion and is closely linked, for users who use the NISM Series VII - Securities Operations and Risk Management Certification NISM-Series-VII training quiz to build a knowledge of logical framework to create a good condition.

NISM NISM-Series-VII Exam Syllabus Topics:

Section	Objectives
Securities Broking Operations	- Front Office, Middle Office and Back Office functions in a Securities Broking Firm 1. Settlement processing 2. Risk management 3. Trade execution
Indian Securities Market	- Overview of the Indian securities market 1. Various market participants and their roles 2. Different products traded
Risk Management	- Risk management in a securities broking firm 1. Identifying and mitigating risks 2. Compliance and control measures
Regulatory Framework	- Role of the Securities and Exchange Board of India (SEBI) 1. Regulatory oversight 2. Investor protection
Investor Grievance Redressal	- Process of investor grievances redressal 1. Procedures for handling complaints 2. Regulatory requirements
Trade Life Cycle	- Steps and participants involved in the trade life cycle 1. Role of the back office in a securities broking firm 2. Clearing and settlement process

>> NISM-Series-VII Unlimited Exam Practice <<

Download NISM NISM-Series-VII Exam Dumps Instantly

The DumpsQuestion NISM-Series-VII Practice Questions are designed and verified by experienced and renowned NISM-Series-VII exam trainers. They work collectively and strive hard to ensure the top quality of NISM-Series-VII exam practice questions all the time. The NISM-Series-VII Exam Questions are real, updated, and error-free that helps you in NISM NISM-Series-VII exam preparation and boost your confidence to crack the upcoming NISM-Series-VII exam easily.

NISM Series VII - Securities Operations and Risk Management Certification Sample Questions (Q89-Q94):

NEW QUESTION # 89
Clearing Members are required to open specific demat accounts known as 'Clearing Member Settlement Pool Accounts' with depositories. Which of the following statements is legally and operationally ** TRUE** regarding these accounts?

A. These accounts are strictly used for holding the member's long-term proprietary investments to separate them from client assets.
B. The clearing member does not get any ownership or beneficiary rights over the shares held in these accounts.
C. Credits to this account are not permitted; it is used solely for delivering securities to the Clearing Corporation.
D. The clearing member acquires full beneficiary ownership rights over the securities transferred into this account.
E. Clients are prohibited from transferring shares directly into the member's pool account; all transfers must route through the Exchange.

Answer: B

Explanation:
It should be noted that unlike the usual demat accounts, the clearing member does not get any ownership or beneficiary rights over the shares held in these accounts (Clearing member settlement pool accounts). A pool account is a settlement account from where broker deliver securities to exchange's clearing corporation against pay-in obligation.

NEW QUESTION # 90
In the event of a default by a clearing member, the 'Default Waterfall' prescribes the specific order in which resources are utilized. Which of the following resources is utilized immediately after the monies of the defaulting member and Insurance (if any) are exhausted, but before the Core SGF is accessed?

A. Capped additional contribution by non-defaulting members.
B. The entire Core SGF corpus on a pro-rata basis.
C. Clearing Corporation resources equal to 5% of the segment MRC.
D. Penalties credited to the Core SGF.
E. Stock Exchange contribution to the Core SGF.

Answer: C

Explanation:
According to the Default Waterfall specified in the source, the order is: 1. Monies of defaulting member, 2. Insurance, if any, 3. CC resources (equal to 5% of the segment MRC), and then 4. Core SGF of the segment (starting with Penalties, then CC contribution of at least 25%, etc.).

NEW QUESTION # 91
Which of the following items are mandated contributions by the Stock Exchange to the Investor Protection Fund (IPF) according to SEBI guidelines? (Select all that apply)

A. 1% of the listing fees received, on a quarterly basis.
B. Penalties collected from listed companies for non-compliance with LODR Regulations.
C. At least 20% of the listing fees received.
D. Penalty collected from Trading Members for deficiency in modification of client code.
E. 100% of the interest earned on the 1% security deposit kept by issuer companies (immediately on refund).

Answer: A,B,D,E

Explanation:
Option A (1 % listing fees), Option B (LODR penalties), Option D (Interest on security deposit), and Option E (Client code modification penalties) are all listed as contributions to the IPF in the source text,. Option C (20% of listing fees) is incorrect for IPF; it applies to the Investor services Fund OSF).

NEW QUESTION # 92
According to the provisions regarding 'Settlement dues', if a clearing member fails to discharge their funds obligations at the notified time, which of the following liabilities or actions may they face? (Select all that apply)

A. Disciplinary actions
B. Automatic transfer of the member's clearing bank account to the Investor Protection Fund
C. Withdrawal of trading facility
D. Immediate forfeiture of the member's personal assets
E. Actions as decided by the Relevant Authority

Answer: A,C,E

Explanation:
The source states: 'A clearing member... shall render him liable for withdrawal of trading facility [Option A] or such other actions including disciplinary actions [Option B], as may be decided by the Relevant Authority [Option D].'

NEW QUESTION # 93
Under the mechanism of 'Net Settlement of Cash segment and Futures & Options (F&O) segment upon expiry of stock derivatives', which of the following investor scenarios is ELIGIBLE for the benefit of netting (merged settlements)?

A. An Institutional Investor (FPI Category l) trading through the same Trading Member and Clearing Member in both segments.
B. A retail investor whose Trading Member clears trades in both F&O and Cash segments through the same Clearing Member.
C. An investor trading through two different Trading Members who both clear through the same Clearing Member.
D. A retail investor whose Trading Member clears F&O trades through Clearing Member 'X' and Cash trades through Clearing Member 'Y'.
E. A Portfolio Management Service (PMS) client who is mandatorily directed to enter into delivery-backed transactions.

Answer: B

Explanation:
The benefit of netting (merged settlements) is available to investors whose trading member (TM) clears trades in F&O segment and cash segment through the same clearing member (CM). It is not available if the TM clears through different CMs. It is also not available for institutional investors (including FPIs) and participants like PMS mandated to enter delivery-backed transactions.

NEW QUESTION # 94
......

Are you aware of the importance of the NISM-Series-VII certification? If your answer is not, you may place yourself at the risk of be eliminated by the labor market. As we know, the NISM-Series-VII certification is the main reflection of your ability. If you want to maintain your job or get a better job for making a living for your family, it is urgent for you to try your best to get the NISM-Series-VII Certification. We are glad to help you get the certification with our best NISM-Series-VII study materials successfully.

NISM-Series-VII Formal Test: https://www.dumpsquestion.com/NISM-Series-VII-exam-dumps-collection.html

DOWNLOAD the newest DumpsQuestion NISM-Series-VII PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1Led927vcDs117MhWiQ5TV70PS38GtgzN