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

NISM-Series-VII Exam Question 61

Regarding 'Market Makers' in the Indian securities market, which of the following statements regarding their mandatory obligations is correct?

A.Market making is voluntary for all scrips listed on Small and Medium Enterprise (SME) Exchanges

B.Market makers are required to provide only buy quotes to ensure exit options for investors

C.Market making has been made mandatory in respect of all scrips listed and traded on SME Exchanges

D.Market makers are appointed solely by SEBI and not by the Exchanges

E.Market making is restricted to the derivatives segment only

NISM-Series-VII Exam Question 62

Under the mechanism of 'Net Settlement of Cash segment and Futures & Options (F&O) segment upon expiry of stock derivatives', which of the following investor scenarios is ELIGIBLE for the benefit of netting (merged settlements)?

A.An Institutional Investor (FPI Category l) trading through the same Trading Member and Clearing Member in both segments.

B.A retail investor whose Trading Member clears F&O trades through Clearing Member 'X' and Cash trades through Clearing Member 'Y'.

C.A retail investor whose Trading Member clears trades in both F&O and Cash segments through the same Clearing Member.

D.A Portfolio Management Service (PMS) client who is mandatorily directed to enter into delivery-backed transactions.

E.An investor trading through two different Trading Members who both clear through the same Clearing Member.

NISM-Series-VII Exam Question 63

To ensure visibility of client collateral and prevent misuse, SEBI mandated a reporting mechanism. How is the disaggregated collateral information reported up the chain to the Clearing Corporation?

A.Trading Members (TM) report directly to the Stock Exchanges, which then forward data to the CC.

B.Trading Members (TM) report to the Clearing Member (CM), and the CM reports to the Stock Exchanges and Clearing Corporations.

C.Clients report directly to the Clearing Corporation via the web portal.

D.Clearing Members (CM) report only the aggregate figures to the CC, keeping client-level data internal.

E.Depositories report the collateral usage directly to the Clearing Corporation based on pledge data.

NISM-Series-VII Exam Question 64

Which of the following items are mandated contributions by the Stock Exchange to the Investor Protection Fund (IPF) according to SEBI guidelines? (Select all that apply)

A.1% of the listing fees received, on a quarterly basis.

B.Penalties collected from listed companies for non-compliance with LODR Regulations.

C.At least 20% of the listing fees received.

D.100% of the interest earned on the 1% security deposit kept by issuer companies (immediately on refund).

E.Penalty collected from Trading Members for deficiency in modification of client code.

NISM-Series-VII Exam Question 65

In the case of a declaration of 'extra-ordinary' dividend by a company, how is the adjustment applied to the Futures contracts on that stock?

A.The total dividend amount is added to the Daily Settlement Price.

B.The futures contract is compulsorily closed out and a new contract is introduced at the ex-dividend price.

C.All open positions shall be carried forward at the daily settlement price less the dividend amount.

D.No adjustment is made to futures contracts; adjustments are applicable only to option strike prices.

E.The market lot of the futures contract is increased in proportion to the dividend yield.

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NISM-Series-VII Exam Question 61

NISM-Series-VII Exam Question 62

NISM-Series-VII Exam Question 63

NISM-Series-VII Exam Question 64

NISM-Series-VII Exam Question 65

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