Merchant Banking Certification Free Demo Test 2 -

Merchant Banking Certification Free Demo Test 2

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Merchant Banking Certification Free Demo Test 2

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1. 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.

a) Monthly

b) Yearly

c) Half yearly

d) Quarterly

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

a) Investment Banking

b) Issue Management

c) Financial Advisory

d) Mergers and Acquisitions

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3. 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.

a) Depository

b) Depository Participant

c) Custodian

d) R and T Agent

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

a) Forwards Market

b) Stock Exchange

c) Over the Counter Market

d) None of the above

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5. 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?

a) Yes

b) No

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6. 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?

a) SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009

b) SEBI (Issue and Listing of Debt Securities) Regulations, 2008

c) SEBI (Buy-Back of Securities) Regulations, 1998

d) SEBI (Delisting of Equity Shares) Regulations, 2009

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7. 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?

a) Certificate from a Chartered Accountant, before opening of the issue, certifying that promoters's contribution has been received in accordance with these regulations, accompanying therewith the names and addresses of the promoters who have contributed to the promoters's contribution and the amount paid by each of them towards such contribution

b) Due diligence certificate as per the prescribed format immediately before the opening of the issue, certifying that necessary corrective action, if any, has been taken

c) Due diligence certificate as per format provided in the Regulation after the issue has opened but before it closes for subscription

d) All of the above

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8. 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.

a) Delivering at least four sessions in specific CPE program, as may be specified by NISM.

b) Successfully completing a related CPE Program, as may be specified by NISM.

c) Passing the relevant certificate examination, as may be specified by NISM.

d) All of the above

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

a) Statement of financial position

b) Balance sheet

c) Profit and Loss account

d) All of the above

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

a) Both Issue Management and Open Offer Management

b) Open Offer Management

c) Issue Management

d) Custodial Services

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Merchant Banking Certification Free Demo Test 2

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