最新のNISM-Series-VII問題集で試験を準備する

NISM NISM-Series-VII 試験概要:

NISM NISM-Series-VII 試験シラバストピック:

NISM Series VII - Securities Operations and Risk Management Certification 認定 NISM-Series-VII 試験問題：

1. In the context of the Securities Trade Life Cycle, specific activities are categorized into Front Office, Middle Office, and Back Office operations. Based on the NISM workbook, which of the following combinations correctly maps these activities to their respective offices?

A) Front Office: Settlement; Middle Office: Order Matching; Back Office: Risk Management
B) Front Office: Routing of order; Middle Office: Risk Management; Back Office: Confirmation of trades
C) Front Office: Risk Management; Middle Office: Order Matching; Back Office: Clearing and Settlement
D) Front Office: Clearing; Middle Office: Risk Management; Back Office: Placing of Order
E) Front Office: Trade Confirmation; Middle Office: Routing of order; Back Office: Order Matching

2. Based on the Securities Contract Regulation Act (SCRA), 1956, select all the instruments that are explicitly included in the definition of 'Securities' from the list below.

A) Private Promissory Notes between individuals
B) Electronic Gold Receipts
C) Derivatives
D) Government Securities
E) Zero Coupon Zero Principal Instruments

3. Which of the following statements accurately describe the operational procedures and timelines within the Clearing Process of the Indian securities market (Cash Segment)? (Select all that apply)

A) Final obligations for funds and securities are downloaded to members by the Clearing Corporation on T+1 day by 9:00 am.
B) The Clearing Corporation performs multilateral netting to determine the net settlement obligations of clearing members.
C) Clearing Members are required to maintain a single consolidated clearing account for all segments (Cash, Derivatives, Debt) to facilitate netting.
D) Institutional trades are subject to upfront margin collection similar to retail client trades.
E) Modification of the Custodial Participant (CP) code is permitted on T day up to 4:15 pm.

4. Regarding the 'Direct Pay-out' of securities mandated by SEBI vide circular dated June 05, 2024, which of the following operational changes has been implemented concerning the credit of securities and the settlement timing?

A) Direct pay-out is applicable only for Institutional Clients, while Retail Clients continue to receive shares via the Broker's Pool Account.
B) Securities are credited to the Broker's Pool Account by 1 PM, and the broker must transfer them to the client by 3:30 PM on the same day.
C) Securities are credited to a temporary 'Client Unpaid Securities Account' maintained by the Clearing Corporation until funds are cleared.
D) The pay-out timing remains 1 PM, but the securities are credited to the client's account on T+2 day instead of T+1.
E) Securities are credited directly to the client's demat account by the Clearing Corporation, and the pay-out timing is revised from 1 PM to 3:30 PM.

5. A corporate stock broker with a net worth of Rs. 10 Crore wishes to offer the margin trading facility (MTF) to its clients. According to SEBI regulations, what is the maximum limit on the broker's total indebtedness for the purpose of margin trading and the maximum allowable exposure towards MTF?

A) Total Indebtedness: Rs. 30 Crore; Maximum Exposure: Borrowed Funds + Rs. 10 Crore
B) Total Indebtedness: Rs. 50 Crore; Maximum Exposure: Borrowed Funds + Rs. 5 Crore
C) Total Indebtedness: Rs. 20 Crore; Maximum Exposure: Rs. 50 Crore
D) Total Indebtedness: Rs. 50 Crore; Maximum Exposure: Borrowed Funds + Rs. 10 Crore
E) Total Indebtedness: Rs. 100 Crore; Maximum Exposure: 5 times Net Worth

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