Online Access Free NISM.NISM-Series-VII.v2026-07-14.q164 Practice Test (Page 9)

NISM-Series-VII Exam Question 36

SEBI introduced the 'Demat Debit and Pledge Instruction' (DDPI) to replace the Power of Attorney (POA) for certain functions. For which of the following specific purposes does the DDPI authorize the stock broker/stock broker and depository participant to access the client's beneficial owner (BO) account?

A.Executing off-market trades between parties other than related parties.

B.Transferring funds from the client's bank account to the broker's proprietary account.

C.Meeting pay-in obligations for the settlement of trades executed by the client.

D.Opening a new demat account with another depository participant on behalf of the client.

E.Updating the client's address and contact details in the KRA system.

NISM-Series-VII Exam Question 37

Which of the following operational parameters and exclusions are correctly associated with the framework for the beta version of the T+0 rolling settlement cycle? (Select all that apply)

A.Trading is not permitted on the Ex-date of securities.

B.Security shortages are handled through a dedicated auction session on T+0 day.

C.Pre-Open, Special Pre-Open, and Post close sessions are not applicable.

D.Pay-in for sell obligations is allowed only via Early Pay-In using the block mechanism.

E.The price band is fixed at +1-5% relative to the T+1 market price without re-calibration.

NISM-Series-VII Exam Question 38

Regarding the beta version of the T+0 rolling settlement cycle introduced on an optional basis, which of the following operational parameters is mandated by SEBI?

A.The price band in the T+0 segment will be fixed at +1- 10% of the previous day's closing price.

B.Netting of pay-in and pay-out obligations is permitted between T+1 and T+0 settlement cycles to improve liquidity.

C.Securities shortages in the T+0 market shall be handled by conducting an auction session on T+1 day.

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

E.Trading hours for the T+0 segment shall be identical to the T+1 segment, i.e., 09:15 AM to 3:30 PM.

NISM-Series-VII Exam Question 39

Which of the following is typically listed as a distinct facility offered by a stock broker's outlet to facilitate advanced trading strategies and execution for clients?

A.Currency printing and minting

B.Formulation of Monetary Policy

C.Algorithmic trading

D.Issuance of Sovereign Gold Bonds as an Issuer

E.Adjudication of securities disputes as a Court

NISM-Series-VII Exam Question 40

Clearing Members are required to maintain specific demat accounts known as 'Clearing Member Settlement Pool Accounts' with depositories. Which of the following statements accurately describes the legal and operational nature of the securities held in these pool accounts?

A.The Clearing Member obtains full ownership rights over the securities in the pool account to facilitate settlement.

B.The Clearing Member does not get any ownership or beneficiary rights over the shares held in these accounts; they are strictly for settlement delivery and receipt.

C.Securities in the pool account are automatically pledged to the Clearing Corporation as margin and cannot be delivered until unpledged.

D.Corporate action benefits for securities held in the pool account are retained by the Clearing Member as operational fees.

E.Clients cannot transfer shares directly into the Clearing Member's pool account; they must transfer to a beneficiary account first.

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NISM-Series-VII Exam Question 36

NISM-Series-VII Exam Question 37

NISM-Series-VII Exam Question 38

NISM-Series-VII Exam Question 39

NISM-Series-VII Exam Question 40

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