21) No payment for transaction in which a Trading Member is taking position as a principal will be allowed to be made from the client’s account?
A. True, unless his clients approves the payment
B. True
C. True, only if his clients are making payments on time
D. False
Ans: B
22) Statement 1 : An active buy order matches with the best passive sell order if the price of the passive sell order is less than or equal to the price of the active buy order. Statement 2 : An passive buy order matches with the best active sell order if the price of the passive buy order is less than or equal to the price of the active sell order. Which of the above statements is True?
A. Statement 2
B. Statement 1
C. Both Statement are true
D. Both Statement are False
Ans: B
23) NSCCL becomes the legal counterparty to the net settlement obligations of every member. This principle is called ______.
A. ‘notation’
B. ‘settlement fulfillment’
C. ‘novation
D. ‘obligation guarantee’
Ans: C
24) The Message Window in the NEAT system allows a user to view messages broadcast by the Exchange such as, __________
A. corporate actions
B. market news
C. auctions related information
D. All of the above
Ans: D
25) ______ can be traded in the Limited Physical Market?
A. Illiquid shares
B. Futures and Options
C. Odd lots
D. Government Securities
Ans: C
26) For liquid securities, the VaR margins are based on the ________ of the Security.
A. volatility
B. returns
C. liquidity
D. exposure limit
Ans: A
27) Upfront margin rates applicable for all securities in Trade for Trade - segment (TT) is ______.
A. 50%
B. 100%
C. 200%
D. 150%
Ans: B
28) The stamp duty on transfer of demat securities has been waived. True or False?
A. True
B. False
Ans: A
29) In NSCCL, a _______ is a clearing member but not a trading member.
A. self clearing member
B. participant
C. broker
D. custodian
Ans: D
30) Securities and funds pay out takes place on ______ working days after the trade date
A. ‘T+3’
B. ‘T+2’
C. ‘T+1’
D. within 24 hours of sale
Ans: C
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A. True, unless his clients approves the payment
B. True
C. True, only if his clients are making payments on time
D. False
Ans: B
22) Statement 1 : An active buy order matches with the best passive sell order if the price of the passive sell order is less than or equal to the price of the active buy order. Statement 2 : An passive buy order matches with the best active sell order if the price of the passive buy order is less than or equal to the price of the active sell order. Which of the above statements is True?
A. Statement 2
B. Statement 1
C. Both Statement are true
D. Both Statement are False
Ans: B
23) NSCCL becomes the legal counterparty to the net settlement obligations of every member. This principle is called ______.
A. ‘notation’
B. ‘settlement fulfillment’
C. ‘novation
D. ‘obligation guarantee’
Ans: C
24) The Message Window in the NEAT system allows a user to view messages broadcast by the Exchange such as, __________
A. corporate actions
B. market news
C. auctions related information
D. All of the above
Ans: D
25) ______ can be traded in the Limited Physical Market?
A. Illiquid shares
B. Futures and Options
C. Odd lots
D. Government Securities
Ans: C
26) For liquid securities, the VaR margins are based on the ________ of the Security.
A. volatility
B. returns
C. liquidity
D. exposure limit
Ans: A
27) Upfront margin rates applicable for all securities in Trade for Trade - segment (TT) is ______.
A. 50%
B. 100%
C. 200%
D. 150%
Ans: B
28) The stamp duty on transfer of demat securities has been waived. True or False?
A. True
B. False
Ans: A
29) In NSCCL, a _______ is a clearing member but not a trading member.
A. self clearing member
B. participant
C. broker
D. custodian
Ans: D
30) Securities and funds pay out takes place on ______ working days after the trade date
A. ‘T+3’
B. ‘T+2’
C. ‘T+1’
D. within 24 hours of sale
Ans: C
More Questions & Answers:-
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