Depository Operations Certification Free Demo Test 1

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1 / 10

1. Is it true or false that locked-in securities can be invoked before the lock-in release date?

a) True

b) False

2 / 10

2. For registering as a Depository Participant, the application should be submitted to whom?

a) Directly to SEBI and a copy should be sent to Depository for information only

b) To Depository, who will in turn forward it to SEBI after evaluation

c) Separately to Depository and SEBI

d) To Depository who will in evaluate and register the DP

3 / 10

3. In the context of a Rights Issue, the new securities are allocated during ________.

a) Physical form

b) The form in which the shareholder held the security as on the record date

c) Dematerialised Form

d) None of the above

4 / 10

4. Is it true or false that an investor in Government Securities needs to open a separate demat account for it?

a) False

b) True

5 / 10

5. What needs to be filled in while submitting the Delivery Instruction Slip if an investor wishes to participate in the tender offer?

a) Event Number (i.e., Settlement Number)

b) Execution Date

c) Tender Offer Type (i.e. Market Type)

d) All of the above

6 / 10

6. Describe Pay-Out.

a) Its the process of a CC transferring the securities to the broker’s margin account for the quantity of securities purchased by them on behalf of their clients

b) Its the process of a CC transferring the securities to the broker’s margin account for the quantity of securities sold by them on behalf of their clients

c) Its the process of a CC transferring the securities to the broker’s settlement account for the quantity of securities purchased by them on behalf of their clients

d) Its the process of a CC transferring the securities to the broker’s settlement account for the quantity of securities sold by them on behalf of their clients

7 / 10

7. How often is the transaction statement sent to the Beneficiary Address for a Basic Services Demat Account (BSDA) that has remained without any transaction and a nil balance for one year or more?

a) Annually

b) Quarterly

c) Monthly

d) No transaction statement need to be sent

8 / 10

8. Which Act includes regulations related to the dematerialization of securities?

a) Securities Contract Regulation Act (SCRA) – 1956

b) Depositories Act – 1996

c) SEBI Act – 1992

d) Companies Act – 1956

9 / 10

9. For an Off Market trade, if the debit is to be executed on a specific future date, the account holder may indicate such date in the space provided for ‘_________’ in the form.

a) Debit Date

b) Execution Date

c) Transfer Date

d) Value Date

10 / 10

10. Who regulates the sale and purchase of gold related securities?

a) Depositories – NSDL and CDSL

b) Securities and Exchange Board of India – SEBI

c) Reserve Bank of India – RBI

d) Insurance Regulatory and Development Authority of India – IRDAI

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Depository Operations Certification Free Demo Test 1

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