Online Access Free NISM.NISM-Series-VII.v2026-07-14.q164 Practice Test (Page 11)

NISM-Series-VII Exam Question 46

What is the primary operational mandate for Clearing Corporations (CCs) and Depositories to ensure the feasibility of multiple settlements occurring on a single day due to holidays?

A.They must operate with reduced staff to minimize coordination errors.

B.They must seek prior approval from SEBI for every individual settlement run.

C.They shall follow a strict time schedule to ensure that the settlements are completed on the same day.

D.They must extend the settlement cycle to T+2 temporarily.

E.They must implement a separate risk management framework for holiday settlements.

NISM-Series-VII Exam Question 47

Consider the following 'Sell' order book for a security. A new Buy Limit Order for 500 shares at a price of Rs. 121.50 is entered into the system.

Based on the price-time priority mechanism, how will this buy order be executed?

A.500 shares @ Rs. 121.50

B.150 shares @ 121.20, 200 shares @ 121.40, and 150 shares @ 121.50

C.50 shares @ 121.20, 100 shares @ 121.20, 200 shares @ 121.40, and 150 shares @ 121.50

D.200 shares @ 121.50, 200 shares @ 121.40, and 100 shares @ 121.20

E.The order will remain pending as the full quantity cannot be matched at a single price.

NISM-Series-VII Exam Question 48

Which of the following statements correctly describe the clearing and netting processes involving brokers and the Clearing Corporation?
(Select all that apply)

A.Stock brokers are permitted to net client accounts within their firm at the end of the day.

B.The Clearing Corporation performs multilateral netting to determine the net settlement obligations of members.

C.Every day, the Clearing Corporation sends the clearing member a list of all trading transactions made by him and his clients.

D.Netting at the Clearing Corporation level is done on a bilateral basis between buying and selling brokers.

E.The final pay-in/pay-out of securities and funds is carried out through clearing banks and depository participants.

NISM-Series-VII Exam Question 49

What is the primary objective of the research reports (Fundamental, Stock, Sector, etc.) regularly brought out by stock brokers?

A.To generate additional brokerage by encouraging excessive churning of portfolios.

B.To fulfill the mandatory requirement of the Companies Act, 2013.

C.To help the investor make informed investment decisions.

D.To manipulate the market price of illiquid securities.

E.To replace the role of the Investment Adviser completely.

NISM-Series-VII Exam Question 50

Which of the following statements accurately describe the operational mechanisms and participants of the Indian Money Market segments? (Select all that apply)

A.Call money market transactions are restricted to Scheduled Commercial Banks (SCBs) and Primary Dealers (PDs).

B.Notice Money transactions refer to borrowing for a period specifically between 15 days and 1 year.

C.Repo transactions against Government Securities are traded/reported on the Clearcorp Repo Order Matching System (CROMS).

D.All India Financial Institutions can issue Certificates of Deposit (CDs) for a period not exceeding 1 year.

E.Treasury Bills (T-bills) are zero coupon securities issued at a discount and traded on the NDS-OM platform.

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NISM-Series-VII Exam Question 46

NISM-Series-VII Exam Question 47

NISM-Series-VII Exam Question 48

NISM-Series-VII Exam Question 49

NISM-Series-VII Exam Question 50

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