Online Access Free NISM.NISM-Series-VII.v2026-07-14.q164 Practice Test (Page 2)

NISM-Series-VII Exam Question 1

In the context of stock brokers providing mutual fund services, what specific compliance obligation is imposed by Regulation 4(g) of the SEBI (Investment Advisers) Regulations, 2013?

A.Stock brokers must maintain a minimum net worth of Rs. 1 Crore to offer investment advice.

B.Stock brokers must ensure client level segregation of advisory and distribution activities at the entity and group level.

C.Stock brokers are prohibited from charging any commission on mutual fund distribution if they are registered as InvestmentAdvisers.

D.Stock brokers must obtain a separate license from AMFI for providing advisory services.

E.Stock brokers must route all mutual fund advisory transactions through a separate subsidiary company.

NISM-Series-VII Exam Question 2

In the context of Settlement Dues, the clearing agency pays moneys payable to clearing members and custodians for every settlement. What is the specific basis for determining these payable amounts?

A.Information provided by the Exchange or Clearing Agency

B.The daily margin statement generated by the Clearing Member

C.The contract notes issued by the broker to the client

D.The bank statement of the Clearing Bank

E.The net worth certificate submitted by the member

NISM-Series-VII Exam Question 3

A transferee (buyer) in the depository system wishes to receive securities into their demat account. What is the operational requirement regarding 'Standing Instructions' (SI) for this process?

A.Standing Instructions are mandatory for all accounts; without them, the account remains inactive.

B.If 'Standing Instructions' are not given, the transferee must give separate Receipt Instructions each time to the DP to receive securities.

C.Standing Instructions allow the DP to debit the account without a Delivery Instruction Slip (DIS).

D.Standing Instructions are valid only for off-market transfers and not for market trades.

E.The SI functionality has been replaced entirely by the Demat Debit and Pledge Instruction (DDPI).

NISM-Series-VII Exam Question 4

As per the SEBI International Financial Services Centres (IFSC) guidelines, 2015, which of the following types of securities and products are permitted for dealing on the stock exchanges operating in the IFSC? (Select all that apply)

A.Equity shares of a company incorporated outside India

B.Currency and interest rate derivatives

C.REITs and InviTs

D.Depository receipts

E.Debt securities issued by eligible issuers

NISM-Series-VII Exam Question 5

Regarding the netting of settlement obligations for a member trading in both T+1 and T+0 cycles, which of the following statements is operationally correct?

A.Obligations are netted across both cycles to reduce liquidity stress.

B.Netting is permitted only for funds, while securities obligations are kept separate.

C.There shall be no netting in pay-in and pay-out obligations between T+1 and T+0 settlement cycles.

D.Netting is allowed only if the member opts for the 'Unified Settlement' facility provided by the Clearing Corporation.

E.Securities delivered in T+0 pay-out can be immediately netted against T+1 pay-in obligations for the same day.

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NISM-Series-VII Exam Question 1

NISM-Series-VII Exam Question 2

NISM-Series-VII Exam Question 3

NISM-Series-VII Exam Question 4

NISM-Series-VII Exam Question 5

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