We're so confident of our products that we provide no hassle product exchange.
NISM Series VII - Securities Operations and Risk Management Certification Sample Questions:
1. In the context of the Indian Money Market, issuers must adhere to specific credit rating requirements to issue Commercial Paper (CP).
What is the minimum credit rating required from a Credit Rating Agency (CRA) for the issuance of CPs?
A) AAA
B) A3
C) A2
D) BBB
E) A1
2. According to RBI guidelines for issuance, which of the following combinations correctly specifies the minimum denomination, maturity range, and minimum credit rating required for a Commercial Paper (CP)?
A) ?5 lakh and multiples thereof; 7 days to 1 year; Rating 'A3'
B) ? 1 lakh and multiples thereof; 15 days to 1 year; Rating 'A2'
C) ?5 lakh and multiples thereof; 15 days to 3 years; Rating 'A3'
D) ?25 lakh and multiples thereof; 30 days to 1 year; Rating 'A1'
E) ? 10 lakh and multiples thereof; 7 days to 1 year; Rating 'AA'
3. To calculate the Adjustment Factor for a **Rights Issue** in the Equity F&O segment, the 'Benefits per share (E)' must first be determined. Which formula correctly represents the calculation of 'E'?
A) 
B) 
C) 
D) 
E) 
4. To increase efficiency and reduce the time duration from issue closure to listing, a new timeline was introduced for public issues opening on or after December 1, 2023. What is this mandated timeline for listing?
A) T+5 days
B) T+6 days
C) T+1 days
D) T+3 days
E) T+2 days
5. When a stock broker's collateral utilization breaches the specific percentage (currently 90%), the 'Risk Reduction Mode' is triggered. Which of the following operational restrictions and conditions apply during this mode? (Select all that apply)
A) All unexecuted orders shall be cancelled immediately.
B) Fresh orders placed by the member to reduce the open position will be accepted.
C) Only orders with 'Immediate or Cancel' (IOC) attribute are permitted.
D) Client and Custodial Participant code modification is permitted to rectify errors.
E) Non-margined orders are accepted without restriction to maintain liquidity.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: A,B,C |
By Lennon
