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1) In Joint Account if 1st holder died, the securities lying in the Demat
account will be transferred to the surviving holder.
a) DP transfers the security after receiving the required documents from
surviving holder.
b) Issuer/R & T agent transfers the security after receiving therequired
documents from surviving holder.
c) Automatically transfers by NSDL.
d) Automatically transfers by DP.
2) Change of address received from Corporate Client, DP do not require
a) Minimum any one authorized person has to visit in person to DP
b) Proof of new address, with Originals of new address for verify
c) Written application signed by all the authorized persons
d) Transaction statements of two quarter of Corporate Account.
3) Once the Beneficiary Owner account opened, can the client change address.
a) Yes, prior approval of NSDL.
b) No, once opened an account cant be changed the address.
c) Yes, by producing written application, proof of new address, transaction
statement.
e) Prior approval of Reserve Bank of India.
4) Effecting an inter-depository transfer, the client has to give the
respective instruction
a) To DP with whom they have opened their respective account.
b) Directly to NSDL, as it involve transfer settlement from one depository to
another.
c) Directly to SEBI as inter-depository transfer related to SEBI approval.
d) Directly Issuer / R & T Agent as it involves change of register owners.
5) Custody charge charged by NSDL to issuers for upto Rs 5 Crore
a) 30,000
b) 20,000
c) 10,000
d) 4,000
to
Intermediary
for
recall
of
securities
by
d) a and b
12) In case of invocation of pledge NSDL charges to participant
a) No charges
b) 25
c) 0.02% in case pledge amt. 10,000
d) 0.02%
13) Investor can pledge NSC/KVP, as per the rules of
a) DOP
b) NSDL
c) SP
d) No such facility for NSC/KVP
14) What is the annual fees charged for IDeAS
a) 35,000
b) 10,000
c) 25,000
d) No charges
15) Can locked-in Securities be pledged
a) Yes, after release from locked
b) No, never
c) Yes always
d) Yes, prior approval of RBI
16) Mr. Amit is a NRI having demat account, wants to sell securities to
Resident India
a) Company would have sought general permission from RBI
b) Permission from NSDL along with RBI
c) Permission from SEBI along with RBI
d) Needs permission from RBI because, Selling to resident Indian
17) If a DP takes an equity stake in depository then according to extent
regulation DP cannot , at any time, hold more than ________%
a) 5
b) 25
c) 10
d) 15
18) For an Intermediary the final approval required from
a) RBI
b) Ministry of Finance
c) Department of Companies Affairs
d) SEBI
19) Which of the following details are not mandatory in the DRF-GS, filled by
the investor while submitting the securities for dematerialization?
a) Name of the Security
b) Account Number
c) ISIN
d) Certificate Number
20) Which of the following is not true in case of demat joint account?
a) After the death of 1st holder security transmitted to surviving holder
b) Minor can be a Joint Holder
c) Joint Holders can nominate
d) Dividend warrants issued by Company shall issued in name of 1st holderonly.
21) Fungible means
a) Different securities of same company can interchangeable
b) Freely transferable
c) Same securities of a company interchangeable
d) Similar securities of different company interchangeable
22) Can securities of more than one company dematerialize through single DRF
a) Yes, provided the holding pattern is same
b) Yes, at the discretion of Depository Participant
c) No, It can not
d) Yes, at the discretion of issuer/R & T Agent
23) Eligibility criteria for an entity to be a Depository Participant
a) Companies Act 1956
b) SEBI (Depository Participant Regulation) 1996 and by laws of NSDL
c) Business Rule of NSDL
d) Depositories Act 1996
24) For conversion of partly-paid shares to fully paid, NSDL charges ____
per record towards corporate action to Issuer
a) Rs. 8
b) Rs. 4
c) Rs. 6
d) No charges
25) The Nifty comprises of ________
(a) 30 scrips
(b) 25 scrips
(c) 50 scrips
(d) 35 scrips
26) In case of DRF-GS, DP need not ensure for
a) Account Number
b) Name of Security
c) ISIN
d) Certificate number
27) Maximum number of Beneficial Owner (excluding CM) accounts can be
opened by a low end server
a) 75000
b) 7500
c) 750
d) 75
28) Empowered to inspect the operation of a DP
a) NSDL only
b) SEBI and NSDL
c) RBI only
d) SEBI only
29) Will dematerialization be rejected, if part of certificates in a single DRF
pertains to locked-in status
a) Yes, at discretion of Issuer/R& T Agent
b) Yes, locked status can dematerialize
c) Yes, if the lock-in request is share issued to employee under the stock opinion
scheme.
d) Yes, always
30) Following can be partially dematerialised
a) NSC/KVP
b) Government Security
c) Any security provided and permitted by issuer
d) No, No security can be partially dematerialised
31) Depository maintains minimum net worth of rupees
a) 50 Crore
b) 75 Crore
c) 100 Crore
d) 500 Crore
32) The DPM in DP end, and the DM at NSDL __________
a) Connecting on real time basis
b) Through Stock Exchange
c) Through SEBI hub
d) Not connected at all
33) Net worth required by a Depository as per SEBI
a) 50 Lacs
b) No limit
c) 500 Crore
d) 100 Crore
34) Sub-broker can open a CM account with DP
a) Yes, SEBI registered sub-broker
b) SEBI registered, personal gurantee affiliated
c) No, a sub-broker can not open CM account
d) Yes, all sub-broker can, they may have registered with SEBI or not.
35) NSC / KVP having security in demat form can change the address
a) In same Post Office where he has account
b) SP
c) NSDL
d) Rs. 25
40) In a Security Certificate X is the 1st holder and Y is the 2nd holder
a) An account having Y is the first holder and X is the second holder, can be
dematerialized.
b) X is the first holder Y is the second holder, can be dematerialised
c) Z is the first holder, X is the second and Y is the 3rd, can be demated
d) None of the above
41) Resolution by arbitration for disputes between NSDL and its business
partners :
a) applicable for disputes between NSDL and broker DPs only.
b) Not applicable in the NSDL environment.
c) Has been prescribed in the NSDL bye-laws.
d) applicable for disputes between NSDL and bank DPs only
42) The number of characters of the 1st holders name can reach upto :
a) Any number of characters.
b) 135 characters.
c) 75 characters.
d) 45 characters.
43) For dematerialisation of _____________ a DP has to enter into a
separate agreement with the client
a) NSC/KVP
b) Warehouse Receipts
c) US 64 units
d) None of the above, a DP does not need to enter into separate agreement.
44) In case of accept/reject of repayment by the intermediary, the lender
has to tick the following option on the SLB form
a) Confirmation of lending
b) Initiate recall from intermediary
c) Initiate repay from intermediary
d) Confirm recall/repay
45) Who has to open a redemption account with DP
a) Intermediary
b) Issuer
c) Investor
d) NSDL
46) Which of the following details are not mandatory in the DRF-GS, filled by
the investor while submitting the securities for dematerialization?
a) Name of the Security
b) Account Number
c) ISIN
d) Certificate Number
47) Can US 64 units issued by different branches of UTI be submitted for
Dematerialization with a single DRF?
a) Yes at the discretion of SEBI
b) NO
c) Yes at the discretion of UTI
d) Yes
48) Which of the following provides inter connectivity amongst various
depositories in the scenario of multiple depositories?
a) Securities Contract Regulation ACT
b) S E B I ( Depositories & Participants ) Regulations 1996
c) Operating Manual for Depository
d) NSDL Bye-laws
49) What is the upper annual ceiling of custody charges payable by a DPto
NSDL who holds assets of average market value of between Rs 200cr to Rs
400 cr
a) There is no such annual ceiling. NSDL charges Rs 4/- per annum per ISIN
(for unlisted securities which have not paid one time custody fees) per client
account as custody charges
b) 0.50 lacs
c) 2 lacs
d) 1 lacs
50) Entry level IT set up keys in the keyboard
a) 95
b) 100
c) 104
d) 120
51) If the quantity of shares mentioned in the DRF is more than theactual
certificates received, the Issuer / its R & T Agent will
a) accept / part reject completely at their option
b) accept / reject as decided by NSDL as a case to case basis
c) reject the demat request completely
d) accept part of the request for which certificate are sent and reject thebalance
52) In case of public offer wherein the applicant has applied for shares in
demat form, the allotment advise / return, the allotment advise /refund
warrant will be forwarded to the applicant by
a) NSDL
b) DP
c) Issuer / Registrar of the Issuing company
d) SEBI
53) After the repeal of the Capital Issues (Control ) Act 1947 ,
Indiancompanies were allowed to access the international capital marketthrough
a) Private placement of securities
b) issue of 20 year convertible bonds
c) Futures & Options
d) issue of ADRs & GDRs.
54) Whose statement of account reflects the credit of the shares
a) The lenders statement but a lien is marked in favour of the borrower
b) A special a/c "Securities Lending Suspense a/c" maintained by NSDL is credited
with the securities lent
c) A special Securities & Lending suspense account maintained by DP is credited
with the securities lent
d) The borrowers statement reflects the final credit of securitieslent
55) Which of the following statement regarding nominations is false
a) Minor can not nominate , but can be a nominee
b) NRI can nominate , POA holder can not
c) In case of multiple nominations on death of the a/c holdersecurities will be
proportionately divided between thenominees
of
pledge
a) T+2
b) Next day of settlement.
c) Same day of settlement
d) After 48 hours of settlement
73) The software with the depository participant is known as
a) DM
b) DPM
c) DP(CC)
d) DP(SHR)
74. The agreement for opening an account is signed between
a. NSDL and client
b. NSDL, DP &client
c. DP & the client
d. all the above
75. NSDL charges for dematerialisation to the DP are
a 0.5%
b. 0.1%
c. No charges
d. 0.01%
3. NSDL charges transaction fees to the participant of the borrower
a. 0.01%
b. 0.02% for period upto 3 months, and if the period extends beyond 3 months,
then additional of 0.02%.
c. Rs 25/- per transaction
d. 0.04%
4. For a new company issuing shares, it is guided by
a. SEBI regulations
b. guidelines issued by Dept.of company affairs
c. No guidelines
d. RBI guidelines
5. For physical shares sent for transmission-cum-demat, the clienthas to
submit
11. In case of recall of shares from the borrower, the intermediary has to
submit which of the following form.
a. Confirmation of lending
b. Initiate Recall from borrower
c. Lender forwards recall request to his DP
d. Initiate repay to lender
12. In case of broker as a partnership firm, the account has to be opened
a. in the name of any of the partners
b. in the name of all the partners
c. in the name of the partnership firm
d. in the name as registered with the stock exchange
13. In case of a pledge/hypothecation, both the parties should have an
account
a. with the same DP
b. with any DP of their choice
c. Both accounts should be with Pledgor DP
d. None of the above
14. NSE is
a. registered as association of persons
b. a company registered under the Companies Act
c. registered as a trust with tax exemption
d. a company registered as stock exchange
15. The software with the depository participant is known as
a. DM
b. DPM
c. DP(CC)
d. DP(SHR)
16. Shares transferred in the depository are free from stamp duty, which
translates into a saving of
a. 0.5%
b. 0.05%
c. 1%
d. 0.75%
17. Mr. & Mrs. A. Mehta, joint holders of 200 US 64 units, 100on joint basis
& 100 on either or survivor basis want to dematerialize all the 200 units.
a. They can dematerialize all the 200 units through the a/c in the name of Mr. A.
Mehta as the first holder & Mrs. A. Mehta as second holder witha undertaking that
the facility of either or survivor will be applicableonly to 100 units.
b. They will need to open two different accounts in the name of Mr. A. Mehta
as the first holder and Mrs. A. Mehta as second holder, one on joint basis
and one on either or survivor basis
c. Any one of above, at their option
d. Not applicable. US64 units do not have the facility of either orsurvivor basis
18. The Indian Depositories Act, 1996
a. Does not mandate a single depository
b. Mandates a single depository
c. Mandates maximum of two depositories
d. None of the above
19. The securities which are eligible for demat?
a. All securities
b. Listed securities
c. Securities for which the ISIN has been activated in the depository
d. Securities which are trading in NSE
20. For an intermediary a/c, the agreement is signed between;
a. The intermediary & the DP
b. The intermediary & the depository
c. Lender and Borrower
d. The DP & the Depository
21. The networth required for a NBFC to act as a DP on behalf of any other
person is
a. Rs. 50 crores
b. Rs.100 crores
c. Rs. 5 crores
d. Rs.10 crores
22. Before screen based trading, the difference in buying / selling price &
reporting price to the client / SE was known as
a. Badla
b. Gala
c. DVP
d. Inter Trade
23. A DP has to send the shares for dematerialisation within how many days
of receipt of shares
a. 7 days
b. 15 days
c. 21 days
d. 30 days
24. How many scrips constitute Nifty
a. 5 scrips
b. 9 scrips
c. 50 scrips
d. 95 scrips
25. How many scrips constitute Midcap index
a. 100
b. 30
c. 200
d. 50 scrips
26. SEBI is
a. An autonomous body
b. Body under the ministry of finance
c. Established by an act of Parliament
d. Biggest stock exchanges in India
27. The regulatory body for plantation companies is
a. SEBI
b. RBI
c. Central Govt.
d. None of the above
28. Statement of holding at the end of the day will carry
a. Only the holding at the end of the day
a. FII
b. Broker
c. Mutual Fund
d. NBFCs
41. The agreement between a DP and a client is
a. Universal
b. Varies from DP to DP
c. Stated in NSDL byelaws
d. At the discretion between the client and the DP
42. What should be the net worth of a custodian
a. 1 Crore
b. 10 lacks
c. 50 lacks
d. 50 Crores
43. Minimum subscription % in public issues is
a. 50%
b. 90%
c. 80%
d. 75%
44. Which of the following fields do not form a part of the DRF
a. Type of security
b. Details of lock in
c. CM-BP ID
d. Quantity to be demated
45. An investor can open a depository a/c with
a. NSDL
b. DP of his choice
c. SEBI
d. None of the above
46. Long term capital assets means
a. Shares & securities if it is held for more than one year
b. Shares & securities if it is held less than one year
c. Damodaran
d. G. N. Bajpai
53. The most perfect method of inter depository transfer that SEBI has
approved
a. CM should have a clearing account in CDSL and NSDL
b. NSDL& CDSL should have their own respective account with each other
c. none of the above
d. Either of above
54. Who provides the legal frame work for the establishment functioning and
dealings in securities, but only the securities of the Companies to be dealt in
the depository mode
a. Depository Act 96
b. SEBI regulations
c. NSDL byelaws
d. None of the above
55. NSCCL is a wholly owned statutory body of
a. NSE
b. BSE
c. SEBI
d. RBI
56. The depository Act came into force on
a. 10 August 96
b. 20 September 95
c. 10 December 96
d. None of the above
57. What is the difference in a pledge and hypothecation
a. No there is no difference at all
b. In pledge, the pledgor cannot confirm the invocation from his DPM but in
hypothecation, it is the opposite
c. In pledge the pledged security is in the favour of the hypothecatee
d. Both 2 and 3 options mentioned above is the perfect difference between a
pledge and hypothecation
58. The biggest user of the electronic clearing service (ECS) system is
a. UTI
b. IDBI
c. SBI
d. NSE
59. In case of any corporate actions of commercial paper, a flat fee at the
rate of Rs. ___________ shall be charged by the issuer
a. 10000
b. 20000
c. 5000
d. Nil
60. What do you mean by concentrated margin
a. It is margin imposed by NSE on broker for trading in selected basket of
scrips with high volatility
b. It is a margin imposed by a broker on client for the services rendered
c. It is a margin imposed by NSDL to the DP for the average value of the demat
securities held
d. None of the above
61. In case of conversion of shares from nonparipassu shares to pari passu
shares, the settlement fee is
a. 0.02%
b. 0.04%
c. Depends on case to case as per NSDL guidelines
d. No fee shall be charged
62. Each participant shall pay to the depository a non refundable entry fee of
a. Rs.10000
b. Rs.25000
c. Rs.100000
d. No entry fee
63. The minimum security balance required for opening an account is
a. an investor can have a zero balance
b. it depends upon DP to DP
c. None of the above
b. 24
c. 26
d. 21
70. NSDL provides depository services to investors & CMs through DPs
a. NSDL does not charge anything to investors
b. NSDL does not charge anything to CMs
c. NSDL charges only its DPs
d. All of the above
71. NSDL levies all its charges on its DPs. A DP in turn can
a. Levy the same charge on its client
b. Load on a profit margin restricted. to max 4 BPs
c. The charges of the DPs are specified by SEBI
d. DPs are free to charge their clients on their own
72. Mr. X sold 100 shares of Infosys to Mr. Y. This is an off market trade.
Both X & Y are in the same DP. Y gives a letter to DP stating that he shall
bear Xs charges what will NSDL charge the DP (@10000)
a. Rs.200
b. Rs.400
c. Nil
d. None of the above
73. NSDL charges for off market trade
a. 2BP of value of Net receipts to the account
b. 2 BP of value of Net Delivery from the account
c. 2 BP of value of net securities
d. Rs 6/74. Mr. X owns 40000 shares of GE shipping. He surrenders the shares for
demat to his DP. The DP charges him Rs.2 per certificate which cost him
Rs.800/-. He disputes saying that since NSDL does not levy any charge he
need not pay anything.
a. He is right; DP should not make profits on simple investors
b. He is right. He can appeal to Consumer court
c. He is bound by the agreement executed by him while opening the a/c
d. None of the above
75. Cipla wants to remat its entire ESOP holdings aprox.3 million shares. At
the current value of Rs.100 per share the company will pay:-Mkt lot is 100
shares
a. Rs.300,000
b. Rs.30,00,000
c. Will be based on Tariff charged by the DP
d. None of the above
76. Arun pledges shares with stanchart 100 shares of Infosys. Arun receives
money from Stanchart. Arun wishes to sell 50 shares @ 11000. He pays
partial amount to Stanchart. Stanchart releases 50 shares to Arun. Arun
cannot pay rest of the money. Stanchart gives due notice & invokes 50 shares,
Price @ 11200. What will be total charge billed by NSDL ?.
a. Rs.1120
b. Rs.560
c. Rs 25/d. None of the above
77. Loans against Demat shares in a bank are maximum available to the tune
of
a. Rs.10 lakh
b. Rs.20 lakh
c. Rs.25 lakh
d. Rs.50 lakh
78. For the purpose of calculating date of transfer and period of holding in
respect of demat shares.
a. FIFO method applies
b. LIFO method applies
c. NIFO method applies
d. Weighted Average method
79. FIFO method will be applied in respect of
a. Physical securities
b. Demat securities
c. US64 unit securities
d. All of the above
c. Receipt Instructions
d. No instructions as SI for receipt will serve the purpose
97. A rolling market trade has to be settled in
a. T+1day
b. T+5 days
c. Every Monday
d. T+2
98. A market trade is
a. Trade settled through CC / CH
b. Trade not settled through CC / CH
c. Trade done in Demat segment
d. None of the above
99. Payin of securities refer to
a. Receipt of securities from CC / CH
b. Delivery of securities to CC / CH
c. Transfer of securities from client to broker
d. None of the above
100. Payout of securities refer to
a. Gross receipt of securities from CC/CH for a settlement
b. Gross deliverables of securities to CC/CH for a settlement
c. Net receivables of securities from CC / CH for a settlement
d. None of the above
101 For effecting a pay in through the CC/CH broker needs to
a. Inform NSDL about his obligation for the settlement
b. Provide a Delivery by client instruction to his DP to effect payin
c. Provide a Delivery to CC instruction to his DP to effect pay in
d. None of the above
102. Following is not a component of NSDL CM account
a. CM Pool a/c
b. CM Delivery a/c
c. CM Receivable a/c
d. None of the above
103. At the time of payin the securities are delivered to the CC / CH from
a. CM Delivery A/c
b. Client beneficiary account directly
c. Through an off market transaction
d. None of the above
104. X is a CM. Y is his client. Y has an obligation to deliver 100 shares of
Reliance for a particular settlement. The deadline for payin is 3.00 pm. Y
transfers the balance after 3.00 PM. What will happen to Xs obligation
a. Xs obligation will be auctioned off at 3.00 pm as the shares are not
delivered by him in time
b. NSDL provides a window for Late pay in after the deadline time by payment of
late fees
c. Y can deliver in the consequent settlements
d. None of the above
105. What instruction will a CM use to deliver shares to a client from the pool
account
a. Account transfer instruction
b. Delivery Instruction by CM on Pay-out
c. Receipt in instruction
d. None of the above
106. What option will the DP use in DPM for effecting a transfer between two
beneficiaries within the same DP
a. Off market transfer
b. Intra DP transfer
c. Inter DP transfer
d. Account transfer
107. Which of the following transactions are automatic and do not require the
CM to give an instruction
a. Transfer of securities from CM Dely A/c to CC/CH
b. Transfer of securities from CC/CH to CM receipt in account
c. Both of the above
d. none of the above
108. X transfers 1000 shares of Infosys to his broker for sale. What will
NSDL charge X?
a. 2 basis points
b. 4 basis points
c. nil
d. None of the above
109. In India the route to the depository is
a. Immobilization
b. Dematerialisation
c. Custody
d. None of the above
110. Mr. X holds hundred shares of a scrip which is not admitted in the
depository. What can he do to get his shares into Demat?
a. Write to NSDL to create a security in their system
b. Write to SEBI to introduce the security in the depository
c. The shares cannot be converted to demat as the security has not been
admitted to the depository
d. None of the above
111. Mr. X and Mrs. X hold 100 shares of Satyam. Can their shares be
admitted for demat in an account held by Mr. X singly.
a. Yes, Mr. X is a joint holder in their shares
b. Yes, but Mrs. X will have to sign on the DRF
c. No, demat is possible only through the account where the holding pattern
matches the names on the certificates
d. None of the above
112. Securities in the name of X&Y can be admitted for demat in an account
of Y&X respectively as joint holders.
a. Yes, both are joint holders, the order does not matter
b. Yes, in case of either or survivor, the order does not matter
c. No, a separate account of X&Y needs to be opened for the purpose
d. None of the above
113. In a DRF the signature needs to be of
a. Any of the joint holders
b. all the joint holders together
118. If a unit holder opts for either or survivor basis in case of his US64
units, the demat requests pertaining to them can be
a. processed through the same account that he has for his other holdings in
demat form with an undertaking that this facility is available only for US64
units
b. Processed through any one of the above
c. Not applicable, US64 units do not have the facility of either or survivor basis
d. None of the above
119. A client submits a repurchase form for US64 units held in demat to his
DP. The DP directs the client to the nearest UTI office to submit the form.
Is the DP right?
a. Yes, repurchase forms have to be submitted by the client to the UTI for US64
units held in demat form
b. No, the DP must accept the repurchase request and generate a RRN and
submit this to the UTI office
c. Either of the above, depending on the preference of the client
d. None of the above
120. If in a lot of 1000 shares sent for demat, 900 shares are found to be
fraudulently issued and 100 in order, the R&T agent will
a. Return 1000 shares to the DP
b. Return 100 shares to the DP & destroy 900 shares
c. Reject 900 shares in NSDL system and process 100 shares
d. None of the above
121. What is the time limit specified by SEBI for demat
a. 7 days from date of receipt of physical request from DP
b. 15 days from date of receipt of physical request from DP
c. 30 days from date of receipt of physical request from DP
d. NO time limit is specified by SEBI
122. What is the maximum permissible time limit for remat as allowed by
SEBI
a. 7days from date of receipt of physical request from DP
b. 15 days from date of receipt of physical request from DP
c. 30 days from date of receipt of physical request from DP
d. No time limit is specified by SEBI, depends on R&T agents load
123. Will an investor opting for remat get back his original share certificates
a. Yes, the underlying securities are immobilized, it is possible to track DNR nos.
b. No. the registrar has a large pool of DNR Nos. So he need not know the
particular trail of their certificate
c. Since demat shares are fungible the investor gets back the same certificate nos.
that he submitted
d. None of the above
124. After the processing of dematerialising the registered owner is
a. SEBI
b. NSDL
c. Investor
d. R&T Agent
125. A scrip is available only in CDS and not in NSDL. An investor demats his
holding in CDS and tries to transfer his balance to his NSDL account
a. The transaction will go through
b. The transaction will fail as the security is not admitted in NSDL
c. Such a situation is not possible as NSDL & CDS have same securities admitted to
them
d. None of the above
126. Following cannot be a reason for rejection of demat
a. Shares not received as per DRF
b. The a/c holder name does not match with that on the security because of
fathers name as initial is present
c. Incorrect holder's name
d. All of the above
127. Mr X has recently bought 100 shares of Reliance in physical. Can he
lodge these shares in street names for dematerialising in these names
a, No, the certificates have to be sent for transfer and the physical
certificates when received back after transfer must be submitted
b. Yes Reliance offers T cum Demat services for physical shares, hence the
physical shares can be sent for transfer and upon receipt of option letter a DRN
can be sent
c. Yes, the physical certificates along with the TD duly executed must be
submitted to the DP accompanied with a DRF form
d. None of the above
128. For a new company issuing shares, it has to follow
a. SEBI regulations
b. Guidelines issued by DCA
c. No guidelines
d. RBI guidelines
129. BSE trading terminal is known as
a. BOLT
b. NEAT
c. NEST
d. DPM
130. Settlement guarantee fund was introduced by
a. BOISL
b. NSCCL
c. OTCEI
d. CSE
131. Can a Main Broker become a DP
a. No
b. Yes
c. At the Discretion of his exchange
d. At the Discretion of NSDL
132. When will a delivery instruction fail
a. When the client does not have adequate number of shares in his account
b. When the client has not paid the dues to the DP
c. When the client has not paid his dues to the broker
d. As per the discretion of the exchange
133. When a Clearing member gives a delivery out instruction which
transaction takes Place?
a. Shares move form pool account to clearing corporation
b. Shares move form pool account to delivery account
146. NSDL
a. Proprietary firm
b. Trust
c. Public Sector Undertaking
d. Public Limited Company
147. Under what circumstances can a Delivery instruction be cancelled
a. If the instruction is under reversible status
b. If the broker has that particular obligation
c. If the instruction is under irreversible status
d. When the instruction is released
148. When can a corporate become an NSE member
a. If it suffices all the terms and conditions of SEBI
b. Anyone can become a member
c. At the discretion of NSE
d. If it is in Demat
149. Which of the following does not form a part of DRF
a. Client Id
b. ISIN
c. Company name
d. Exchange name
150. Which of the following does not form a part of the delivery instruction
slip
a. Settlement
b. CM-BP Id
c. Exchange in which the shares are traded
d. ISIN
151. Pick the odd one out
a. Options
b. Futures
c. Forward
d. Debentures
158. What is the maximum interest a DP can charge to its client in case he
fails to pay his dues
a. 24% pa
b. 12% pa
c. no limit
d. 8%
159. If a client pledges his shares but fails to pay his debts
a. The shares are invoked in the pledgors account
b. The shares are confiscated by NSDL and the debts are paid by them
c. The pledge is closed and the clients beneficiary account is suspended for debit
d. Debts are required form the clients savings account
160. In case an individual has many accounts in different DPs how do the tax
authorities calculate the tax
a. Tax is calculated account wise
b. Tax is calculated per DP per individual
c. Tax is calculated per exchange
d. At the discretion of the Tax Authorities
161. Which act governs the transfer of shares form one account to another
a. NSDL Bye-Laws
b. Depository Act 1996
c. SEBI Guide-lines
d. Under Companies Act 1956
162. Corporate benefits for government securities go to
a. NSDL
b. SEBI
c. Client
d. None of the above
163. A Resident India purchase shares in India in physical form and then goes
abroad. If he now wants his shares to be Demated, which type of Demat
account should he open.
a. HUF
b. Resident ordinary
c. Corporate
d. NRI Repatriable
164. Which of the following does not require "Witness"?
a. DP Client Agreement.
b. DP Nomination Form.
c. Indemnity by DP for missed Certificates.
d. Freeze / Defreeze Form.
165. Schedule of Charges to be signed by the Client because:
a. of NSDL Bye-Law.
b. of SEBI's stipulation.
c. to get confirmation from the clients that they read the schedule of charges.
d. it forms part of DP Client Agreement.
166. Which among the following categories can not have a joint account?
a. a minor individual / HUF.
b. Corporates.
c. a major resident individual.
d. a major non-resident individual.
167. In the T+2 settlements, a client sold some scrips in NSE on 22/01/2004
which falls on Thursday. Monday 26th January 2004 is a holiday on account of
Republic Day. When will be the Pay-in of securities for the trading done on
22/01/2004?
a. Friday, 23/01/2004.
b. Saturday, 24/01/2004.
c. Monday, 26/01/2004.
d. Tuesday, 27/01/2004.
168. The basic condition for creating a Pledge is that:
a. both the pledgor and the pledgee should have demat account with the same DP.
b. only the pledgor should have a demat account for creating a Pledge and not the
pledgee.
c. the pledgor and pledgee can have demat account in any DP connected to
NSDL.
d. either the pledgor or the pledgee can have demat account with a DP connected
to NSDL whereas the other can have a demat account with a DP connected to
CDSL