Online Access Free NISM.NISM-Series-VII.v2026-07-14.q164 Practice Test (Page 26)

NISM-Series-VII Exam Question 121

When handling 'Trade Allocation' for institutional clients in the back office, how is a single order placed with the Custodial Participant code 'INST' processed?

A.The back office aggregates multiple 'INST' orders into a single block trade for reporting to the Exchange.

B.The trade is automatically allocated pro-rata to all active clients of the broker to ensure fair distribution.

C.The back office receives deal sheets from the front office and distributes the single trade across various sub-schemes of the client, generating appropriate contract notes.

D.The 'INST' code is replaced with the broker's proprietary account code, and the trade is settled as a proprietary trade.

E.The trade is kept in a suspense account until the Custodian confirms the trade on T+2 day.

NISM-Series-VII Exam Question 122

Which of the following statements accurately reflect the regulatory requirements regarding the 'Statement of Accounts' and dispute resolution related to the settlement of funds? (Select all that apply)

A.The Statement of Accounts must contain an extract from the client ledger for funds and the register of securities.

B.Clients must bring any dispute arising from the statement of running account to the notice of the broker within 30 working days from the date of the statement.

C.Brokers are permitted to perform inter-client adjustments for the purpose of settlement if the total fund balance at the broker level is sufficient.

D.The actual settlement of funds must be done by the broker at least once in a calendar quarter or month, depending on the client's preference.

E.If a client requests a return of funds lying with the Clearing Corporation, the broker must transfer them within 7 working days.

NISM-Series-VII Exam Question 123

Which of the following data fields must match between the transfer instruction and the Clearing Corporation's obligation data for a Pay-In instruction to be considered a 'Matched Instruction' and subsequently executed? (Select all that apply)

A.UCC (Unique Client Code)

B.TM ID (Trading Member ID)

C.ISIN (International Securities Identification Number)

D.Client's Bank Account Number

E.CM ID (Clearing Member ID)

NISM-Series-VII Exam Question 124

If the Core SGF is utilized during a calendar month due to a default, specific rules apply to the replenishment of contributions by members. Which of the following is the correct restriction on such replenishment?

A.Members must replenish the fund immediately after every default without any limit on the number of times in a month.

B.Replenishment is voluntary and depends on the profitability of the non-defaulting members.

C.Contribution towards replenishment by members is restricted to only once during a period of 30 calendar days, regardless of the number of defaults during the period.

D.Members are liable to replenish the fund only if the default amount exceeds Rs. 100 Crore.

E.Replenishment is deferred to the next financial quarter to avoid liquidity stress on members.

NISM-Series-VII Exam Question 125

To increase efficiency and reduce the time duration from issue closure to listing, a new timeline was introduced for public issues opening on or after December 1, 2023. What is this mandated timeline for listing?

A.T+6 days

B.T+5 days

C.T+3 days

D.T+2 days

E.T+1 days

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NISM-Series-VII Exam Question 121

NISM-Series-VII Exam Question 122

NISM-Series-VII Exam Question 123

NISM-Series-VII Exam Question 124

NISM-Series-VII Exam Question 125

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