最新的 National Institute of Securities Markets NISM-Series-VII 免費考試真題:

1. In the process of disbursing compensation from the Investor Protection Fund (IPF) in case of a defaulter Trading Member (TM), which body is responsible for the 'sanction and ratification' of claims before they are sent to the IPF Trust?

A) The Investor Grievance Redressal Committee (IGRC)
B) The Defaulters' Committee
C) The Member Committee (MC)
D) The Governing Board of the Exchange
E) The Disciplinary Action Committee (DAC)

2. Regarding the netting of settlement obligations for a member trading in both T+1 and T+0 cycles, which of the following statements is operationally correct?

A) There shall be no netting in pay-in and pay-out obligations between T+1 and T+0 settlement cycles.
B) Netting is allowed only if the member opts for the 'Unified Settlement' facility provided by the Clearing Corporation.
C) Securities delivered in T+0 pay-out can be immediately netted against T+1 pay-in obligations for the same day.
D) Netting is permitted only for funds, while securities obligations are kept separate.
E) Obligations are netted across both cycles to reduce liquidity stress.

3. 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) Issuance of Sovereign Gold Bonds as an Issuer
C) Formulation of Monetary Policy
D) Algorithmic trading
E) Adjudication of securities disputes as a Court

4. When a Partnership Firm registered under the Indian Partnership Act, 1932 applies for admission as a member of a Stock Exchange, which specific structural requirement must be identified and maintained as per Exchange norms?

A) All partners must hold NISM Series-VII certification.
B) A minimum of 51% of capital must be held by a designated clearing bank.
C) The applicant must identify a Dominant Promoter Group.
D) The firm must maintain a static profit-sharing ratio for 5 years.
E) The firm must convert to a Limited Liability Partnership within 1 year.

5. The Clearing Corporation (CC) provides the Early Pay-In (EPI) benefit to a client under the block mechanism based on specific matching criteri a. What data points does the CC match to grant this benefit?

A) The CC matches the order time stamp with the block creation time stamp to ensure the block was created pre-trade.
B) The CC matches the client level net obligations with the Block details provided by the depositories.
C) The CC matches the client's available margin in the cash segment with the value of securities blocked.
D) The CC matches the gross sell obligations of the Trading Member with the total quantity blocked in the depository system.
E) The CC matches the trade ID provided by the Exchange with the execution date in the physical Delivery Instruction Slip.

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