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NCFM
CAPITAL MARKET
DEALER MOCK TEST DEMO

IFMC Institute®

A client shall make payment for securities purchased to the trading member __________ .

Correct! Wrong!

What is the minimum networth for a corporate member in Capital Market and F&O segments of NSEIL ?

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What is the maximum number of depository accounts that can be opened by an investor?

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Which of the following is NOT a derivative traded on Indian Stock Market?

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Security wise User Order Quantity Limit (SUOQL) can be modified anytime during trading hours. True or False ?

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On line Backup is a facility that the user can invoke to take a backup of all order and trade related information for the user. True or False.

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Explanation: On Line Backup is a facility that the user can invoke to take a backup of all order and trade related information for the user. The information available is for the current day only.

Member A places a buy order for 1000 shares of ABC Ltd. in the NEAT system at 11:22:01 for Rs.155 per share. Member B places a sell order for 2000 shares of ABC Ltd. at 11:22:02 for Rs.150 per share. Assume that no other orders were available in the system during this time. Whether the trade will take place and if yes, at what price?

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Explanation: Membert A has put the order first so his order of buying 1000 shares will be present when member B places a sell order. So 1000 shares will get sold at 155 and balance order of (-) 1000 shares will remain in the system as to sell at Rs 150.

The maximum amount of claim payable from the IPF to the investor (where the trading member through whom the investor has dealt is declared a defaulter) is ________.

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Explanation: The Investor Protection Fund is utilised to settle claims of such investors whose trading member has been declared a defaulter or expelled by the Exchange. The maximum amount of claim payable from the IPF to the investor is Rs. 15 lakh.

Is it compulsory for a stock broker to maintain a separate bank account for the clients?

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Explanation: Yes, its compulsory to have a separate bank account for clients

Nifty index drops by 15% at 3:00 pm. Market will be halted -

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Explanation :In case of a 15% movement of either index, there would be a two-hour halt if the movement takes place before 1 p.m. If the 15% trigger is reached on or after 1:00 p.m., but before 2:00 p.m., there shall be a onehour halt. If the 15% trigger is reached on or after 2:00 p.m. the trading shall halt for remainder of the day.

Register of transactions (Sauda Book) shall be preserved for a period of _____________ years by Stock broker as per the Securities Contracts (Regulation) Rules, 1957.

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Clearing and settlement of trades and risk management are central functions of NSCCL.

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Explanation: Members of NSE cannot assess the credit risk of the counter-party and thus necessitated some innovation in this area. To address this concern, NSE had set up the first clearing corporation, viz. National Securities Clearing Corporation Ltd. (NSCCL), which commenced its operations in April 1996.

The full form of NCFM is :

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Mr. Kulkarni has decided to deposit Rs. 100,000 in the bank annually. If the bank has a policy of continous compounding and the prevalling interest rate is 11.5% how much would his deposit grow in 2 years?

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Explanation :Formula for Future Value for an annuity ie. yearly deposit on continous compounding isFV = C (e^iXt – 1) / IC is the yearly deposite is always 2.71828, for ^ calculation use x^y on scientific calculatar of your PCFV = 1,00,000 (2.71828 ^ .115 X 2 - 1) / .115= 1,00,000 (2.71828 ^ .23 - 1) / .115= 1,00,000 x .2586 /.115= 224869

If the third character of the ISIN is mentioned as A, what does it indicate ?

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Two buy orders enter into the system and are unmatched : 1) 200 shares @ Rs.60.50 at the time 10:30 a.m. 2) 300 shares @ Rs.60.50 at the time 10.31 a.m. Which order will get a priority for getting executed ?

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Explanation: When the price is same, then as per time priority system the ordered entered earlier will get priority ie. the 10.30 am order.

NSE has implemented ______________ in compulsory rolling settlement with effect from July 02, 2001.

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Nifty drops by 10% at 1.30 pm. The market will halt for :

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Explanation: In case of a 10% movement of either of these indices, there would be a one-hour market halt if the movement takes place before 1:00 p.m. In case the movement takes place at or after 1:00 p.m. but before 2:30 p.m.there would be trading halt for half hour. In case movement takes place at or after 2:30 p.m. there will be no trading halt at the 10% level and market shall continue trading.

The trading member after login to the NEAT system and before the market opens for trading can carry out the activity like -

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The________________applies to SEBI for the trading member registration.

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Which of the following is not true about issue of securities?

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Under the T+2 rolling settlement at NSE, auction takes place on___________

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Explanation: Auction takes place on the same day of the securities pay in day ie. T+2. If securities are not received by the stipulated time, they are auctioned later the same day.

Stocks which have traded atleast 80% of the days for the previous _____ months and having mean impact cost of __________ are categorized as liquid securities.

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No partial trade takes place for an ______order.

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What is the dividend yield of XYZ Ltd. having a face value of Rs.10, market value of Rs.170 and an annual dividend of Rs.5 ?

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Explanation: Dividend yield = Annual dividend / Market Price of share x 100 5 / 170 x 100 = 2.94 %

For cases referred to arbitration, if the claim amount is __________, it is not mandatory to hold a hearing of the parties and the matter is decided based on the documents and submissions made by the parties.

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Only listed securities can be damaterialized - True or False ?

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Explanation: Even unlisted securities can be dematerilaised if the company has registered it self with the depository.

In limited physical market, orders get matched when _____________ in the buy and sell order.

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An active order with disclosed quantity attribute tries to maximise the quantity as possible regardless of the disclosed quantity i.e. a single trade takes place for a quantity more than the disclosed quantity - True or False ?

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Which of the following is not true about capital market reforms?

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NCFM Capital Market Dealer Mock Test Demo
You Just Completed Module 1 of 11 of NCFM Capital Market Dealer Try Out Complete Module

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