Explore Premium Courses @ ₹599
Menu
  • Prepare with Free NISM Mock Tests
  • Expert-Curated NISM Study Material
  • Get Unlimited Practice Test Attempts
  • 100% Updated NISM Syllabus Question Banks
  • Practice with Latest 2026 Exam Questions
  • Instant Test Results with Detailed Explanations
Try FREE DEMO Tests

NISM Series - IX Merchant Banking Cert. Mock Test-1

/50

NISM Series – IX Merchant Banking Cert. Mock Test-1

1 / 50

If SEBI has not issued any observation on the draft offer document, what document(s) is the lead merchant banker required to submit to SEBI?

2 / 50

To conduct an IPO and list its shares on the National Stock Exchange, M/s XYZ Ltd is required to obtain in-principle approval from which of the following stock exchanges?

3 / 50

According to SEBI SAST regulations, the open offer for acquiring shares to be made by the acquirer shall be for at least twenty-six per cent of the total shares of the target company, as of _______ working day from the closure of the tendering period.

4 / 50

What is the minimum requirement for the base issue size in a public issue of debt securities?

5 / 50

Is it true or false that a merger is necessarily among two equal or comparable stature companies?

6 / 50

Is it true or false that the fees payable by the merchant banker on the grant of a certificate of registration should be by a demand draft in favor of the Association of Investment Bankers of India (AIBI) payable at Mumbai?

7 / 50

As per the SEBI ICDR regulations, for each placement of eligible securities made under QIP, the minimum number of allottees shall not be less than two, where the size is less than or equal to ________.

8 / 50

Is it true or false that the criteria for being a FIT and PROPER person is outlined in the SEBI (Merchant Banking) Regulations?

9 / 50

To whom does the lead merchant banker need to submit the post-issue reports?

10 / 50

What should the merchant banker verify regarding the subscription before publicly announcing the closure of the issue?

11 / 50

To ensure effective monitoring of the capital adequacy and financial well-being of merchant bankers, Regulation 15 stipulates that merchant bankers must furnish the _______ unaudited financial results to SEBI when deemed necessary.

12 / 50

In the earlier days, Merchant Bankers primarily engaged in the activities of ________.

13 / 50

No issuer shall make a public issue or rights issue of specified securities unless it has entered into an agreement with a _________ for the dematerialization of specified securities already issued or proposed to be issued.

14 / 50

When a transaction is conducted on the __________, buyers and sellers may not be in direct contact with each other.

15 / 50

Is the Compliance Officer permitted to autonomously report any identified noncompliance to SEBI and ensure that the deficiencies or observations noted by SEBI in the draft prospectus or letters of offer, as applicable, are prevented from recurring?

16 / 50

Which SEBI regulation is applicable to the delisting of equity shares of a company from all or any of the recognized stock exchanges where such shares are listed?

17 / 50

Regarding the Offer Document, in the absence of any observations issued by SEBI, the lead merchant banker is obligated to submit which of the following document(s) to SEBI?

18 / 50

As per the rules of SEBI (Certification of Associated Persons in Securities Markets) Regulations, any person who is not the Principal, who is not over 50 years of age, or who does not have 10 years of relevant experience can obtain the certificate for the first time by passing the NISM Certification Examination.

19 / 50

As per the SEBI (Merchant Bankers) Regulations, a merchant banker is obligated to retain copies of _________ for a duration of 5 years.

20 / 50

Which of the following activities is NOT within the purview of a Merchant Banker?

21 / 50

Takeover is the procurement of significant __________ with the intent of securing managerial authority over the company.

22 / 50

Which of the following are standardized exchange-traded contracts that represent a special type of forward contract?

23 / 50

Which legislation prohibits anti-competitive agreements, addresses the abuse of dominant positions by enterprises, and regulates combinations (such as acquisitions and gaining control) that may result in or are likely to result in a significant adverse impact on competition within India?

24 / 50

In case of private placement of debt securities, if the limit on the number of potential investors who can be approached is exceeded, _______.

25 / 50

___________ occurs when two companies combine together to form a new enterprise altogether, and neither of the previous companies survives independently

26 / 50

___________ ushered in an era of efficient capital market infrastructure, improved investor protection, reduced risks and increased transparency of transactions in the securities market

27 / 50

True or False: An investor has the option to invest in risky products in the equity market, while a risk-averse investor can choose to invest in the bond markets, which are relatively less risky.

28 / 50

The responsibilities of a Merchant Banker in takeovers and share acquisitions are delineated in the _________.

29 / 50

True or False: When a Compliance Officer identifies any non-compliance with SEBI regulations, is it necessary for the Compliance Officer to seek permission from the Merchant Banker management before reporting these to SEBI?

30 / 50

Who is responsible for certifying adherence to SEBI Guidelines in formulating the Employee Stock Purchase Scheme by the company?

31 / 50

When there’s more than one main banker for a business offering its shares to the public, each banker’s duties should be clearly defined. A document stating these responsibilities must be given to SEBI (Securities and Exchange Board of India) at least ________ days before the start of the subscription period.

32 / 50

Which law or rule gives the SEBI the authority to exempt certain situations from the requirement to make a public offer, as long as specific conditions are met?

33 / 50

__________ is when someone promises to buy something right from the start.

34 / 50

In every kind of __________, the merchant banker plays a crucial role, making things happen for the whole deal.

35 / 50

Further Public Offer [FPO] can be made only through book-building issues through the stock exchange route. State Whether True or False?

36 / 50

What helps figure out the right price and interest in stocks during an Initial Public Offering (IPO)?

37 / 50

Are Mutual Funds in India classified as Institutional investors? True or False?

38 / 50

A company needs to have a minimum paid up capital of Rs 10 crore to list on BSE and Rs 20 crore to list on NSE – State whether True or False ?

39 / 50

One of the criteria which has to be satisfied by a company which wants to come out with a public issue in the ‘Fast Track Issue ‘ process is that the company has redressed at least _____ of the total shareholder / investor grievances or complaints re

40 / 50

M/s ABC has come out with a public issue and its issue gets oversubscribed on the first day itself. Can it advertise this in newspapers before the issue closing date ?

41 / 50

True or False: A company can announce a Rights Issue even if some of its existing shares are only partially paid up.

42 / 50

If a company planning an initial public offer intends to list its shares only on the NSE (National Stock Exchange), it is required to obtain in-principle approval specifically from the NSE.

43 / 50

True or False: The issuer must pay fees to SEBI along with the Offer Document based on the issue size. If the issue size is not accurately known or estimated, then any excess fees must be paid within 5 working days of filing the prospectus with the Registrar of Companies.

44 / 50

Yes or No: Can semi-government authorities issue government securities in India?

45 / 50

True or False: In the case of a further public offer or a rights issue, the issuer must obtain in-principle approval from all recognized stock exchanges where the specified securities are listed.

46 / 50

The floor price or the final price shall not be ___________ the face value of the specified securities.

47 / 50

According to the Depositories Act, the main job of the Depository is to give a way for investors to keep their securities ____________ and transfer ownership of securities using a record in a book.

48 / 50

If there’s a public offering of debt securities, the initial document called the Draft Prospectus must be open for public comments for a specific period of time, which is ________.

49 / 50

A person who feels harmed by any decision from SEBI can appeal to the Securities Appellate Tribunal (SAT) within a timeframe of _______ starting from the day they received a copy of the order.

50 / 50

True or False: The merchant banker leading a public offer is commonly referred to as the Lead Manager.

Your score is

0%

Exit

Scroll to Top