Depository Operations Certification Free Demo Test 3 -

Depository Operations Certification Free Demo Test 3

/10

Depository Operations Certification Free Demo Test 3

1 / 10

1. In an IPO allocation, once the allotment is made, _______ sends the intimation of allotment to the investors.

a) Issuer

b) RBI

c) Stock Exchanges

d) SEBI

2 / 10

2. What is the nominal value of a Commercial Paper within the depository system?

a) Rs 5000

b) Rs. 50,000

c) Rs 5,00,000

d) Rs 50,00,000

3 / 10

3. Who declines the Demat Request Form (DRF), and who communicates this to the client?

a) Registrar and Transfer Agent ; Depository

b) Depository ; Depository Participant

c) Registrar and Transfer Agent ; Depository Participant

d) Depository Participant ; Stock Broker

4 / 10

4. Which entity now requires the mandatory submission of PAN for the opening of a demat account?

a) Finance Ministry

b) SEBI

c) Income Tax Act

d) RBI

5 / 10

5. What section does the Depository Participant (DP) complete in the request form for the transfer of Government securities from the SGL account to the Depository account?

a) Forwarding Section

b) Consent Section

c) Authorisation Section

d) Approval Section

6 / 10

6. Are the rules for reconciling Destat requests and maintaining records the same for mutual funds as those applicable for the dematerialization of securities? (True/False)

a) True

b) False

7 / 10

7. Is it true or false that when a rematerialization request is submitted, the securities in the client account become immediately available for delivery or transfer?

a) True

b) False

8 / 10

8. The issuer and which other party enter into a tripartite agreement with the Registrar & Transfer Agent?

a) Clearing Corporation

b) Depository Participant

c) Stock Exchange

d) Depository

9 / 10

9. Under what circumstances can a DP initiate the closure of a client’s account?

a) The client has defaulted in performing its obligations

b) The client has not operated the account for more than two years

c) The client has traded for more than 1000 different companies shares

d) The client has not operated the account for more than a year

10 / 10

10. The transferee has to submit duly filled in ‘Receipt-instruction’(RI) form for every expected receipt if __________ .

a) Standing Instruction is not given

b) One of the party to the transaction is FII

c) It is a ‘off-market’ transaction

d) A FII is transferor

Your score is

Exit

Depository Operations Certification Free Demo Test 3

Co-partner of NISMExams.in