NISM NISM-Series-VII 시험 개요:

NISM NISM-Series-VII 시험 요강 주제:

최신 National Institute of Securities Markets NISM-Series-VII 무료샘플문제

1. Regarding the utilization of interest or income received out of investments made from the Investor Protection Fund (IPF), which of the following statements accurately reflects the regulatory mandate for ploughing back funds into the corpus?

A) At least 70% of interest or income from IPF received every year shall be ploughed back to IPF.
B) Only the interest earned on the security deposit of the issuer companies is ploughed back; other income is free for use.
C) At least 50% of the interest or income must be ploughed back, while the remaining 50% can be used for administrative expenses.
D) 100% of the interest or income received every year must be strictly used for settling claims and cannot be reinvested.
E) The entire interest income must be transferred to the Investor Services Fund (ISF) annually.

2. In the Capital Market / Equity Segment, how is the **Mark to Market (MTM)** margin collected from a clearing member regarding their proprietary and client positions?

A) Netted at the security level across all clients and proprietary account combined.
B) Gross of all open positions; however, proprietary positions can be netted against client positions.
C) Collected only if the MTM loss exceeds 10% of the VaR margin collected.
D) Netted across all clients; if the Broker has a net profit across all clients, no margin is collected.
E) Gross of all net positions across all clients; no set-off of loss of one client with the profit of another client.

3. A trader has bought 1000 shares of XYZ Ltd. at Rs. 500 and wants to limit the potential loss to roughly Rs. 20 per share using a Sell Stop Loss order. Which of the following combinations of 'Trigger Price' and 'Limit Price' represents a valid and logical Stop Loss Limit order configuration for this purpose?

A) Trigger Price: Rs. 480; Limit Price: Rs. 478
B) Trigger Price: Rs. 480; Limit Price: Rs. 485
C) Trigger Price: Rs. 500; Limit Price: Rs. 480
D) Trigger Price: Rs. 520; Limit Price: Rs. 525
E) Trigger Price: Rs. 20; Limit Price: Rs. 0

4. Under the framework for 'Settlement of Account of Clients', specific provisions exist for clients who have not traded for a certain period. If a client has a credit balance but has not executed any transaction in the last 30 calendar days, how must the Trading Member (TM) handle the settlement of funds?

A) The TM must return the entire credit balance to the client on the upcoming settlement date of the monthly running account settlement cycle, irrespective of the client's preference for a quarterly cycle.
B) The TM can continue to maintain the running account if the credit balance is below ? 10,000.
C) The TM must settle the account within 24 hours of the 30th day of inactivity.
D) The TM is permitted to transfer the funds to the Investor Protection Fund (IPF) if the client remains inactive for more than 30 days.
E) The TM must retain the funds until the next quarterly settlement date chosen by the client.

5. When determining the settlement obligations in a scenario involving holidays, why is the sequential basis of settlement (completing first settlement before starting the next) critically important?

A) It allows the Clearing Corporation to recalculate margins for the previous week.
B) It is required to separate institutional trades from retail trades.
C) It allows the stock exchange to close the market early.
D) It ensures that the pay-out (cash/securities) from the first settlement is available to the member to meet obligations for the subsequent settlement.
E) It prevents members from trading in the derivatives segment during the cash market settlement.

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