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NISM Series VI: Depository Operations Certification Mock Test (Set 5)

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NISM Series VI: Depository Operations Certification Mock Test (Set 5)

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1.

Moving securities from an account in one depository to an account in another depository is referred to as ________.

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2.

A depository participant (DP) cannot transfer or pass on its responsibilities to another individual or entity without obtaining approval beforehand from the depository it is a participant in.

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3. SEBI’s regulatory authority covers companies in the _________.

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4.

Which law covers matters related to the issuance, allocation, and transfer of securities, as well as various aspects of company management?

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5.

For a BSDA, the highest charge (AMC) will be applied if the worth of debt securities holdings is between Rs. 1,00,001 and Rs. 2,00,000.

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6. In the event of a default in payment by the pledgor in the scenario of a pledge of securities, the pledgee sends an invocation notice to the pledgor – True or False?

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7. Records of dematerialized and rematerialized securities must be maintained by ________.

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8. A Depository Participant (DP) must be registered with __________

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9.

When SEBI issues a certificate of commencement to a depository, it assesses the automated data processing system against which of the following?

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10.

Determine if the following statement is true or false: “In pledging and hypothecation of securities, the pledgee and the pledgor can maintain their accounts with different DPs under the same depository.”

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11.

New securities are issued in the _______.

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12.

The DP system will generate an ‘Instruction ID’ for each instruction entered for an OFF-MARKET transaction. True or False?

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13.

The FII-DP agreement grants the DP the authority to ___________.

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14. Point out which of these are considered Corporate Actions?

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15. On what criteria do stock exchanges divide into various market segments for trading?

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16.

Upon the death of the Karta of a Hindu Undivided Family (HUF), the surviving member(s) of the HUF may appoint the eldest surviving member of the HUF as the new Karta – True or False?

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17. Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Which depository mandates that the account holder must affix the nominee’s photograph on the nomination form?

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18.

Is it possible to reject a demat request made by an investor?

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19.

The individual on whom the shares devolve must establish their entitlement by submitting the necessary documents and initiate the transmission process. True or False?

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20.

Securities issued by companies and governments are bought by _______ individuals or entities with surplus funds for investment.

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21.

SEBI Complaints Redress System (SCORES) platform is a web based centralized system to capture investor complaints against ____________ .

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22. In a public issue, an investor can request shares in physical form but cannot sell them unless they are converted to demat form.

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23.

When a clearing member provides the details of his clients, the securities payout can be directly made to the clients’ accounts by the Clearing House.

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24.

The depositories also offer depository services to commodity exchanges for settling trades related to warehouse receipts for commodities.

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25. Which of the following is a Non-Cash Corporate Action?

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26. For pledging, the pledgor and the pledgee must have a beneficial account with the same depository since inter-depository pledge is currently not allowed.

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27.

Dematerialization of securities occurs when securities issued in physical form is ____________ and an equivalent number of securities are credited into the security holder(s) beneficial owner’s account.

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28.

___________performs the functions of ascertaining the pay-in (sell) or pay-out (buy) of brokers who have traded on the stock exchange.

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29.

Separate DRFs have to be submitted for Free and locked-in securities.

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30. One of the primary functions of a depository is to eliminate or minimise the movement of physical securities in the market and this is achieved through ___________.

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31. Which of the following modes cannot be used to distribute dividends to investors?

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32.

According to the rules, a Depository Participant (DP) must undergo an audit of its depository operations every six months. This audit should be conducted by a practicing chartered accountant, company secretary, or cost accountant.

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33. The papers you need to give when you ask to transfer securities that are owned individually and don’t have a nominated person are…

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34. Do the pledgor (borrower) and pledgee (lender) need to have their depository accounts with the same DP? Answer with Yes or No.

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35.

Can a depository account be opened and maintained in the names of more than one person? State True or False.

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36. When a transfer of securities occurs due to a transaction done on a _________, it is called an ‘Off Market’ transaction.

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37. True or False: An investor in government securities holding electronic balances in the depositories SGL-1 account can convert them into physical certificates by the process of rematerialization.

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38. The initiation of the creation of a pledge is done by the ________ in a pledge transaction.

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39.

In an Initial Public Offer, when the securities are allotted to the allottees, the ________ will credit the securities to the allottees’ account on the execution day.

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40.

The Reserve Bank of India (RBI) does not register the transfer of Government Securities during _________.

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41.

If the person pledging assets doesn’t fulfill their responsibilities as per the pledge agreement or for any other reason, the pledge recipient can use the pledge, following the terms in the pledge agreement, depository rules, and SEBI regulations.

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42.

The clearing system connected to ________ checks and confirms the payment in or payout process.

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43. What do transitory demat accounts mean?

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44. A child can own shares through a _________.

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45. In case of Government Securities, The DP must ensure that changes in the beneficial owner’s accounts, such as change in bank details, change of address, etc., are updated well in advance of the ___________.

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46. Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Copy – Which depository mandates that the account holder must affix the nominee’s photograph on the nomination form?

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47.

When there’s an automatic corporate action, it happens automatically without needing manual execution.

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48. There are two Depositories in India that provides all the Depository services.

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49.

Voters ID cannot be accepted as an ID proof for opening Demat A/C. True or False ?

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50.

A designated person (DP) can gather rent and taxes for a commodity exchange.

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