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NISM Series III-A Securities Intermediaries Compliance (Non-Fund) Cert. Mock Test - 2

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NISM Series III-A Securities Intermediaries Compliance (Non-Fund) Cert. Mock Test – 2






1 / 50

Who amongst the following collates data on subscriptions regarding primary issuances?



2 / 50

According to the SEBI Act, in the section about registering intermediaries, it states that no one can operate venture capital funds or collective investment schemes, including mutual funds, without a registration certificate from SEBI. Is this statement true or false?



3 / 50

If a merchant banker involved in an issue fails to inform SEBI about any action taken by RBI due to non-compliance with RBI directives, is this considered a violation of the Code of Conduct under SEBI (Merchant Bankers) Regulations? Answer with Yes or No.



4 / 50

The Securities Appellate Tribunal (SAT) possesses the powers similar to those vested in a civil court under the Code of Civil Procedure when handling certain matters. These matters include 1) summoning and ensuring the presence of any person and examining them under oath, and 2) dismissing an application for default or making a decision ex-parte. Is this statement true or false?



5 / 50

The Securities Appellate Tribunal (SAT) is endowed with powers equivalent to those of a civil court under the Code of Civil Procedure, 1908, specifically in the areas of: 1) summoning and ensuring the attendance of any person and examining them under oath, 2) demanding the discovery and production of documents, and 3) dismissing an application for default or making a decision ex-parte. Is this statement true or false?



6 / 50

As per the SEBI (Issue of Capital and Disclosure Requirements) Regulations, the advertisements or research report issued by any intermediary ____________.



7 / 50

As per the Code of Conduct for Prevention of Insider Trading, a Compliance Officer is responsible for certain duties under the overall supervision of the partners/proprietors.



8 / 50

According to the Prevention of Money Laundering Act, all registered intermediaries should create policies designed to identify customer types with a higher-than-average risk of money laundering.



9 / 50

According to SEBI rules, is it considered fraud if a relationship manager from a stockbroking firm advises clients to buy stocks without conducting proper research, motivated by the fact that his commission is based on the brokerage generated?



10 / 50

Under the Prevention of Money Laundering Act, the record of transactions to be maintained includes cash transactions with a value exceeding ___________.



11 / 50

A credit rating agency cannot share how it comes up with its ratings with clients, users, or the public.



12 / 50

_______ will be primarily responsible for ensuring that its clients complete the Know Your Customer (KYC) process.



13 / 50

The term for a transaction where a middleman, who knows about a big customer order coming up, trades before that order to make a profit for themselves is called –



14 / 50

The intermediaries are required to file a ______ with FIU –IND covering all transactions in the accounts specified.



15 / 50

The depository participant is not obligated to follow the decision of the Ombudsman made under SEBI (Ombudsman) Regulations, 2003.



16 / 50

Regulation 15 in SEBI (Investment Advisers) Regulations, 2013 specifies ____.



17 / 50

The bank handling an issue should never work together with other intermediaries or the issuer in a way that harms the investor.



18 / 50

If you hold an investment for less than 12 months, the resulting profit or loss is referred to as a –



19 / 50

The responsibility for collecting stamp duty on transactions by the seller of securities lies with ________.



20 / 50

The depository participant can assign its tasks to another person, but it needs approval from the depository beforehand.



21 / 50

All buying and selling of securities and money transactions must be done using the authorized person’s name or account, not the trading member’s.



22 / 50

Any breaches listed in Section 23 of the SCRA will result in a penalty of –



23 / 50

Under SEBI (Debenture Trustees) Regulations, who among the following is eligible to apply for registration as a Debenture Trustee?



24 / 50

Section 15A of the SEBI Act gives SEBI the authority to levy penalties for –



25 / 50

Once the Trading Plan is approved, the compliance officer must inform the –



26 / 50

The QRTAs must establish a mechanism to have ______ with the relevant mutual funds and issuer.



27 / 50

The intermediary can define ______ for different types of client accounts and should closely monitor transactions that surpass these limits.



28 / 50

Once approved, the trading plan cannot be changed, and the insider must follow through with its implementation.



29 / 50

When there are multiple lead merchant bankers for an issue, the responsibilities of each of them must be submitted to SEBI, at least _______.



30 / 50

All information maintained, provided, or verified, unless specified otherwise by current laws, must be kept confidential.



31 / 50

What is the timeframe within which an individual, dissatisfied with a Securities Appellate Tribunal (SAT) order, can file an appeal to the Supreme Court?



32 / 50

What is the time frame within which a person aggrieved by any decision or order of SAT may file an appeal to the Supreme Court from the date of communication of the SAT order?



33 / 50

In the case of negligence causing loss to the beneficial owner, who shall indemnify the beneficial owner?



34 / 50

Which regulation of SEBI Regulations, 1993, deals with the appointment of a compliance officer by debenture trustees?



35 / 50

Within what time frame should a credit rating agency rectify deficiencies mentioned in the auditor’s report?



36 / 50

According to which rule of the Securities Contracts (Regulation) Rules, is every member of a recognized stock exchange required to maintain and preserve contract notes for a period of 2 years?



37 / 50

Section 15HB of the SEBI Act pertains to penalties for which of the following?



38 / 50

Who can register as a KRA with SEBI?



39 / 50

True or False: Any person in receipt of unpublished price-sensitive information pursuant to a legitimate purpose shall be considered an insider.



40 / 50

What is the term for the act of disguising financial assets to use them without detection of the illegal activity that produced them?



41 / 50

Under SEBI Act’s Regulation 28, a stockbroker is liable for prosecution as per Regulation 24 for:



42 / 50

If a buyer expects the underlying price to rise, the appropriate choice would be to buy a:



43 / 50

The minimum net worth required for an applicant for a credit rating agency is:



44 / 50

A limited liability partnership firm acting as a research entity must appoint a __________ responsible for monitoring compliance with SEBI (Research Analysts) Regulations, 2014.



45 / 50

SEBI forwards the list of ______ to the intermediaries regulated by SEBI.



46 / 50

The punishment for the offense of money-laundering includes:



47 / 50

Every banker to an issue must maintain refund records for investors for a minimum period of _________.



48 / 50

In AIG’s investments, the uninvested portion of investable funds may be utilized in:



49 / 50

The certificate granted under SEBI (CAPSM) Regulations, 2007, remains valid for:



50 / 50

Who regulates the Capital Markets in India


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