Online Access Free NISM.NISM-Series-VII.v2026-07-14.q164 Practice Test (Page 10)

NISM-Series-VII Exam Question 41

A Trading Member executes sell orders in the T+0 settlement cycle. What is the mandatory mechanism required to fulfill the pay-in of securities for these sell obligations?

A.Transfer to the Member Pool Account by 10:30 AM on T day.

B.Standard pay-in instruction via physical DIS submitted to the Depository Participant.

C.Only by way of early pay-in (EPI) using the block mechanism.

D.Auto-pledge of securities in favor of the Clearing Corporation.

E.Inter-depository transfer to the settlement account of the Clearing Corporation post-trading hours.

NISM-Series-VII Exam Question 42

Which of the following correctly defines the trading timings for the beta version of the T+0 rolling settlement cycle?

A.09:15 AM to 3:30 PM

B.09:00 AM to 12:00 PM

C.10:00 AM to 2:00 PM

D.09:15AM to 1:30 PM

E.09:15AM to 11:30 AM

NISM-Series-VII Exam Question 43

To ensure a smooth settlement process in case of holidays, Clearing Corporations (CCs) are required to follow a specific operational sequence. Which of the following statements accurately describes this sequence regarding multiple settlements scheduled for the same day?

A.CCs shall process all pay-ins for all scheduled settlements simultaneously before initiating any pay-outs.

B.The pay-in and pay-out of the first settlement shall be completed before the commencement of the pay-in and pay-out of the subsequent settlement(s).

C.CCs shall prioritize the settlement with the highest volume, regardless of the chronological order of trade dates.

D.The pay-out of the subsequent settlement must be completed before the pay-in of the first settlement to ensure liquidity.

E.Settlements are aggregated into a single net obligation for the entire holiday period to avoid sequential processing.

NISM-Series-VII Exam Question 44

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 retain the funds until the next quarterly settlement date chosen by the client.

B.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.

C.The TM is permitted to transfer the funds to the Investor Protection Fund (IPF) if the client remains inactive for more than 30 days.

D.The TM must settle the account within 24 hours of the 30th day of inactivity.

E.The TM can continue to maintain the running account if the credit balance is below ? 10,000.

NISM-Series-VII Exam Question 45

Which of the following benefits is explicitly granted to 'Accredited Investors' under the 'regulation-light framework'?

A.Exemption from payment of Securities Transaction Tax (STT)

B.Ability to participate in investment products with an investment amount lesser than the minimum amount mandated in respective regulations

C.Complete waiver of KYC documentation requirements

D.Guaranteed allocation in Initial Public Offers (IPOs)

E.Exemption from the lock-in period requirements for pre-IPO holdings

Latest Upload: 124HP.HPE7-J01.v2026-08-29.q33; 137ServiceNow.CSA.v2026-08-29.q254; 130Cisco.300-830.v2026-08-29.q37; 166Microsoft.AI-300.v2026-08-28.q28; 173Salesforce.Process-Automation.v2026-08-28.q81; 215Microsoft.PL-200.v2026-08-28.q150; 164EMC.NCP-MCI.v2026-08-28.q69; 170PaloAltoNetworks.NetSec-Pro.v2026-08-27.q35; 212Microsoft.SC-900.v2026-08-27.q104; 192LinuxFoundation.CCA.v2026-08-27.q76

NISM-Series-VII Exam Question 41

NISM-Series-VII Exam Question 42

NISM-Series-VII Exam Question 43

NISM-Series-VII Exam Question 44

NISM-Series-VII Exam Question 45

Download PDF File