Online Access Free NISM.NISM-Series-VII.v2026-07-14.q164 Practice Test (Page 33)

NISM-Series-VII Exam Question 156

The mechanism for the validation of instructions for Pay-In of securities from a client demat account to a Member Pool Account is explicitly NOT applicable to which category of clients?

A.Non-Resident Indians (NRIs) trading through a designated stock broker.

B.High Net Worth Individuals (HNIs) using Power of Attorney (POA) services.

C.Clients having arrangements with custodians registered with SEBI for clearing and settlement of trades.

D.Retail investors using the electronic Delivery Instruction Slip (eDIS) facility.

E.Corporate clients trading in the derivatives segment only.

NISM-Series-VII Exam Question 157

In the context of handling settlements during holidays, specific provisions are made regarding the utilization of assets received from a prior settlement. How is the pay-out from the first settlement treated in relation to subsequent obligations?

A.It is locked in the member's pool account for 24 hours to prevent misuse.

B.It must be transferred to the client's beneficiary account immediately and cannot be used for subsequent proprietary obligations.

C.The cash or securities pay out from the first settlement shall be made available to the member for meeting his pay-in obligations for the subsequent settlement(s).

D.It is automatically converted into liquid assets and pledged to the Core Settlement Guarantee Fund.

E.It is returned to the Clearing Corporation to cover potential shortfalls in the subsequent settlement's auction.

NISM-Series-VII Exam Question 158

An 'Accreditation Agency' issues an accreditation certificate to an investor. Under what specific condition regarding the investor's financial history is this certificate valid for a period of three years from the date of issuance?

A.If the applicant meets the eligibility criteria for the preceding one financial year

B.If the applicant is a newly incorporated entity meeting the net-worth criteria as on the date of application

C.If the applicant meets the eligibility criteria in each of the preceding two financial years

D.If the applicant submits a bank guarantee equivalent to the net worth requirement

E.If the applicant is a Body Corporate with a Net Worth INR 50 Crore

NISM-Series-VII Exam Question 159

Distinguishing the roles of market segments is vital for understanding capital formation. Which statement correctly identifies the primary interaction dynamic in the Secondary Market compared to the Primary Market?

A.The issuer has direct contact with the investor to raise new capital.

B.Dealings are strictly between two investors, and the issuer does not come into the picture.

C.It ensures availability of adequate capital at reasonable rates for expansion.

D.It is used primarily for Initial Public Offers (IPOs) and Rights Issues.

E.The settlement is always done directly between the issuer and the clearing corporation.

NISM-Series-VII Exam Question 160

To facilitate members in meeting their pay-in obligations for a subsequent settlement on a day with multiple settlements due to holidays, what specific requirement is imposed on Depositories regarding inter-depository transfers?

A.Depositories must process transfers instantly using the API-based immediate transfer mechanism.

B.Depositories shall facilitate inter-depository transfers within one hour and before pay-in for the subsequent settlement begins.

C.Depositories must suspend inter-depository transfers until all settlements for the day are concluded.

D.Depositories are required to waive the transaction charges for inter-depository transfers executed on such days.

E.Depositories must allow transfers only after the pay-out of the subsequent settlement is complete.

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NISM-Series-VII Exam Question 156

NISM-Series-VII Exam Question 157

NISM-Series-VII Exam Question 158

NISM-Series-VII Exam Question 159

NISM-Series-VII Exam Question 160

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