Capital Market 3

1.A stock broker, whose application for grant of a certificate has been refuses by the board-
A. shall not, on& from the date of the receipt of the communication buy ,sell, or deal in securities    as a stock broker
B. can start his normal trading as a stock broker after 2 months
C. only A 
D. Both A & B

2.When a stock broker fails to pay the fees as provided in regulation, the board may suspend the ____________.
A. Driving license
B. Ration card
C. Registration certificate 
D. Pan card


3.The eligible criteria for registration as a sub broker (an individual) shall be as follows:
A. The applicant is not less than 21 years of age & has not been convicted of any offence         involving fraud or default
B.He has at least passed 12th standard 
C. He is a fit & proper person
D. All of the above

4.Which is the following can apply to SEBI for registration?
A. Stock-broker 
B. Sub-broker
C. Both a & b
D. None of the above

5.An applicant who desires to act as a clearing member, in addition to complying with the requirements of the regulation, shall have a minimum net worth of Rs _____lacs & shall deposit at least a sum of Rs _________ lacs of higher amount with the clearing house of the derivative exchange or derivative segment in the form specified from time to time
A. 200, 150
B. 100, 50 
C. 150, 300
D. 400, 500

6.________ handles the complaints received by the investors against the trading members.
A. Investor Grievance cell 
B. Investor Appeal court
C. Investor Dispute Court
D. Consumer Law Court

7.Which type of arbitrator is appointed if the claim amount is up to Rs. 25 lakhs?
A. A panel of Arbitrator 
B. A sole Arbitrator
C. Depends on the client
D. None of the above


8-How much would we pay for Rs. 121.67, to be received five years in future, if our opportunity cost were 4% ?
A. 100 
B. 121.67
C. 112
D. 105

9.What is the present value of Rs. 6000 receivable after two years at a discount rate of 5% under continuous discounting?
A. Rs. 5429.02 
B. Rs. 6000

C. Rs. 6900

D. Rs. 5900

10.The Future value of Rs. 10000 investment done today, which gives an annual rate of return of 20% per annum, after one year should be________. 

A. Rs. 12200 

B. Rs. 12500 

C. Rs. 12000 

D. Rs. 12640 

Capital Market 2

1-The status of a security is indicated in the screen market by price. „P‟ indicates that the security is in the _____________ & „S‟ indicates that the security is_____________.
A. Pre-open phase, suspended.
B. Purchased, sold.
C. Profit, special.
D. Purchased, special term order

2-Who settles the trades executed at NSE?
A. NSDL
B. Clearing members
C. SEBI
D. NSCCL 

3-In the current scenario, which system is followed for settlement of cash market transaction?
A. T+1
B. T+5
C. T+2 
D. T day

4-.Who provides for electronic transfer of securities in the stock market?
A. RBI
B. Depositories 
C. Clearing Agencies
D. SEBI

5-Name the depository from the list given below.
A. NSE
B. NSCCL
C. NSDL 
D. RBI

6-Who moves the securities available in the account of the members to the NSCCL?
A. Clearing banks
B. Custodians
C. Clearing members
D. Depositories 

7-Which agency links Clearing Members & NSCCL for funds settlement?
A. Clearing Banks 
B. Depositories 
C.Clearing members
D.NSE

8-The Board shall take into account for considering the grant of a certificate for all matters relating /dealing in securities & in particular the following , namely, whether the stock broker:
A. Is eligible to be admitted as a member of a stock exchange
B. Has the necessary infrastructure like adequate office space, manpower etc.
C. Is subjected to disciplinary proceedings under the rules, regulations & bye-laws of a stock exchange with respect to his business as a stock-broker
D. All of the above 

9-An applicant, whose registration certificate has been refused by the Board, may reapply within a period of _________ from the date of receipt of such intimation, to the board for reconsideration of its decision.
A. 30 days 
B. one month
C. 15 days
D. 6 months

10-Name the special category of members admitted by NSCCL as clearing members.
A. Supporting clearing member
B. Custodians
C. Registered clearing member
D. Professional clearing member 

Capital Market 1

1-The first ticker window, by default, displays all the _____________ traded in the future & option segment. 

A. Derivatives contract. 

B. Nifty securities. 

C. Mid cap Securities. 

D. Nifty junior stocks. 

2-The ticker selection facility is confined to the securities of ______________ segment only. 

A. Derivative market. 

B. Capital market. 

C. Commodity market. 

D. Auction market. 

3-The message window enables the user to view messages broadcast by the__________ such as corporate actions, any market news etc. 

A. Exchange. 

B. RBI. 

C. GOVT. 

D. CRISIL 

4-The one line market information displayed in the market watch screen is for current best price orders available in the _______________ . 

A. Odd lot book. 

B. RETDEBT book. 

C. Regular lot book. 

D. Auction order book 

5-One of the best features of NEAT software is that the user has the facility to set up___ securities in the market watch. 

A. 100 

B. 150 

C. 500 

D. 400 

6-The purpose of market by price is to enable the user to view ________________ in the market aggregated at each price & is displayed in order of best prices. 

A. Outstanding orders. 

B. Outstanding auctions. 

C. Outstanding buyers. 

D. Outstanding sellers 

7-Bank Guarantee  can be submitted as .....to NSCCL by trading member

A.warrenty 

B.surety 

C.Additional base capital 

D.None of these

8-A depository is an entity where securities of the investors are held in   

A.Physical form 

B.Electronic and physical 

C.Electronic form 

D.None of the above 

9-Member wise margin  payment  status report is a 

A.weekly 

B.daily 

C.monthly

D.None of the above

10.If .....attempts are made by user to log on with an incorrect password then the user is automatically disabled 

A.5

B.4

C.3

D.2 

Derivatives Dealers 17

1-A forward contract is an agreement to buy a certain asset at a certain future date for a price to be
determined in the future.
a) True
b) False
c) True only in Europe
d) True only in Africa

2-In the olden days, the area within the exchange where trading was conducted through open outcry,was known as the Pit.
a) True
b) False
c) none of the above

3-If the price of the underlying asset rises sharply after the initiation of a futures contract
a) the long position becomes profitable
b) the long position becomes unprofitable
c) the short position becomes profitable
d) none of the above

4-You can buy index futures in India regardless of whether you own the index shares or not.
a) True
b) False
c) True only in Mumbai
d) True only in Delhi

5-A scarce supply of the actual commodity generally causes futures price to fall.
a) True
b) False
c) True only in Mumbai
d) True only in Delhi

6-How are prices fixed in case of a forward contract?
a) They are decided at the time of entering into the contract.
b) They are decided at the end of the contract period
c) They are decided and revised from time to time based on market condition
d) None of the above

7-Future contracts are usually much more liquid than the Forward contracts
a) True
b) False
c) None of the above

8-The settlements of a forward contracts takes place on the date of  maturity
a) True
b) False
c) None of the above

9-You bought January Satyam Futures @ Rs 268 and the lot size is 1,200. What is your profit (+)
or loss(-) if you sell at Rs 225 ?
a) -50,600
b) -51,600
c) -52,600
d) None of these

10-  . . . . . .The stock index future were first introduced at CBOT in USA
a) True
b) False (Ans-Kansas city board of trade)