NISM-Series-VII 무료 덤프문제 온라인 액세스

If a client submits a transfer instruction where the quantity is *less* than the net delivery obligation provided by the Clearing Corporation, what is the outcome of the validation process by the Depositories?

• A.The instruction is processed, but a penalty is automatically levied on the client for short delivery.
• B.The instruction is carried out by the depositories.
• C.The instruction is rejected because it does not fully meet the obligation.
• D.The instruction is held in abeyance until a supplementary instruction for the balance quantity is received.
• E.The instruction is routed to the Clearing Member for manual approval before processing.

To manage firm-level exposure, a broking firm must employ specific procedures. Which of the following activities is primarily associated with the 'Assessment of the Effectiveness of the Strategies, Policies and Procedures' in the risk management function?

• A.Outlining investment guidelines solely for the purpose of maximizing proprietary trading profits.
• B.Setting trading limits for individual clients based on their income tax returns only.
• C.Reporting compliance exceptions to the sales team for immediate rectification.
• D.Reviewing material changes to methodologies, models, and assumptions of risk management by the governing body.
• E.Ensuring the front office staff executes orders without intervention from the risk department.

SEBI has introduced the mechanism of Net Settlement of cash segment and F&O segment upon expiry of stock derivatives. Which of the following scenarios specifically qualifies for this benefit of netting (merged settlements)?

• A.Portfolio Managers (PMS) who are mandatorily directed to enter into delivery backed transactions.
• B.All institutional investors including Foreign Portfolio Investors (FPIs).
• C.An investor trading through different Trading Members who use different Clearing Members.
• D.An institutional investor trading through a Custodian in Cash and a Professional Clearing Member in F&O.
• E.An investor whose Trading Member clears trades in F&O segment and cash segment through the same Clearing Member (CM).

For un-expired illiquid futures contracts on an individual security, how is the Daily Settlement Price determined by the Clearing Corporation?

• A.It is fixed at the previous day's settlement price adjusted for the risk-free interest rate.
• B.It is based on the closing price of the underlying security in the Capital Market Segment.
• C.It is the weighted average price of the contract during the last half an hour of trading.
• D.It is determined by the FIMMDA / FBIL reference rate.
• E.

Under the SEBI (Foreign Portfolio Investors) Regulations, 2019, which of the following entities are classified as Category I Foreign Portfolio Investors? (Select all that apply)

• A.Charitable organizations
• B.Pension funds and university funds
• C.Government and Government related investors
• D.Entities from Financial Action Task Force (FATF) member countries
• E.Corporate bodies