Online Access Free NISM.NISM-Series-VII.v2026-07-14.q164 Practice Test (Page 24)

NISM-Series-VII Exam Question 111

Under the regulatory framework defined in Section 24 of the Companies Act, 2013, the administration of specific provisions for listed companies (or those proposed to be listed) is delegated to the Securities and Exchange Board of India (SEBI). Which of the following matters is EXCLUSIVELY administered by SEBI under this delegation, while remaining otherwise under the Central Government's administration?

A.Registration of the company's memorandum of association

B.Appointment of key managerial personnel

C.Non-payment of dividend

D.Conduct of Annual General Meetings

E.Incorporation of the company

NISM-Series-VII Exam Question 112

SEBI has mandated the Direct Pay-out of securities to client demat accounts. What is the specific operational consequence of this mandate regarding the revision of the securities pay-out timing in the T+1 settlement cycle?

A.The pay-out timing is advanced from 1:30 PM to 11 AM.

B.The pay-out timing remains unchanged at 1 :30 PM.

C.The pay-out timing is revised from 1:30 PM to 3:30 PM.

D.The pay-out timing is deferred to T+2 day at 9:00 AM.

E.The pay-out timing is synchronized with the funds pay-out at 10:30 AM.

NISM-Series-VII Exam Question 113

Regarding the 'Direct Pay-out' of securities mandated by SEBI vide circular dated June 05, 2024, which of the following operational changes has been implemented concerning the credit of securities and the settlement timing?

A.Securities are credited to the Broker's Pool Account by 1 PM, and the broker must transfer them to the client by 3:30 PM on the same day.

B.Securities are credited directly to the client's demat account by the Clearing Corporation, and the pay-out timing is revised from 1 PM to 3:30 PM.

C.Securities are credited to a temporary 'Client Unpaid Securities Account' maintained by the Clearing Corporation until funds are cleared.

D.Direct pay-out is applicable only for Institutional Clients, while Retail Clients continue to receive shares via the Broker's Pool Account.

E.The pay-out timing remains 1 PM, but the securities are credited to the client's account on T+2 day instead of T+1.

NISM-Series-VII Exam Question 114

In the process of disbursing compensation from the Investor Protection Fund (IPF) in case of a defaulter Trading Member (TM), which body is responsible for the 'sanction and ratification' of claims before they are sent to the IPF Trust?

A.The Defaulters' Committee

B.The Disciplinary Action Committee (DAC)

C.The Member Committee (MC)

D.The Investor Grievance Redressal Committee (IGRC)

E.The Governing Board of the Exchange

NISM-Series-VII Exam Question 115

Which of the following statements correctly describe the logic for blocking margins from collateral for different types of trades under the client collateral segregation framework? (Select all that apply)

A.For a trade from a client account, if client collateral is insufficient, the residual margin is blocked from the TM proprietary collateral.

B.For a trade from the proprietary account of a TM, margin is first blocked from the TM proprietary collateral, and if insufficient, from the CM proprietary collateral.

C.Margins based on trades from the proprietary account of the CM are blocked from the proprietary collateral of the CM only.

D.For a client trade, if TM proprietary collateral is insufficient, the residual margin is blocked from the collateral of other clients of the same TM.

E.If a CM'S proprietary collateral is insufficient for a TM's proprietary trade, the CC utilizes the Core SGF immediately.

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NISM-Series-VII Exam Question 111

NISM-Series-VII Exam Question 112

NISM-Series-VII Exam Question 113

NISM-Series-VII Exam Question 114

NISM-Series-VII Exam Question 115

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