NISM-Series-VII 試験問題を無料オンラインアクセス

In the context of Back Office Operations, specifically regarding 'Trade Enrichment', which of the following best describes the process that occurs automatically after trade execution to prepare for clearing and settlement?

• A.The netting of buy and sell positions to determine the final open position for the purpose of margin calculation.
• B.The manual verification of the 'INST' Custodial Participant code against the clearing member's exposure limits.
• C.The splitting of a single institutional order into multiple sub-accounts based on deal sheets provided by the front office.
• D.The generation of a unique client code (IJCC) and mapping it to the client's PAN before the order is routed to the exchange.
• E.The automatic appending of brokerage rates, GST, stamp duty, and Securities Transaction Tax (STT) to the raw trade data.

SEBI vide circular dated September 24, 2024, mandated the use of UPI for blocking funds for individual investors applying in public issues of debt securities up to Rs. 5 Lakh. However, a subsequent clarification dated October 18, 2024, permitted a specific alternative online submission method. What is this permitted alternative?

• A.Direct transfer of funds to the issuer's escrow account via NEFT/RTGS.
• B.Submission using the facility of linked online trading, demat, and bank account (3-in-l type accounts).
• C.Submission via the dedicated mobile application of the Registrar and Transfer Agent.
• D.Submission through the General Ledger account of the Stock Broker.
• E.Submission via physical ASBA forms at designated Self Certified Syndicate Banks (SCSBs).

With the validation of instructions for Pay-In of securities from Client demat account to Member Pool Account, what action do Depositories take if the quantity in the transfer instruction is more than the obligation provided by the Clearing Corporation (CC)?

• A.The instruction is completely rejected.
• B.The instruction is held in pending status until the Member confirms the additional quantity.
• C.The instruction is processed only if the client provides a specific indemnity bond.
• D.The instruction is partially processed by the depositories up to the matching obligation quantity.
• E.The instruction is processed for the full quantity, and excess is returned by the Member.

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.Retail investors using the electronic Delivery Instruction Slip (eDIS) facility.
• B.Clients having arrangements with custodians registered with SEBI for clearing and settlement of trades.
• C.Non-Resident Indians (NRIs) trading through a designated stock broker.
• D.High Net Worth Individuals (HNIs) using Power of Attorney (POA) services.
• E.Corporate clients trading in the derivatives segment only.

Under the framework where Unified Payment Interface (UPI) is used as a payment mechanism with ASBA for public issues, individual investors can submit their bid-cum-application forms with UPI IDs to which of the following entities? (Select all that apply)

• A.A Depository Participant (eligible for this activity)
• B.The Reserve Bank of India designated cell
• C.A Registrar to an issue and share transfer agent (eligible for this activity)
• D.A Syndicate Member
• E.A Stock Broker registered with a recognised stock exchange (eligible for this activity)