Practice Set - 2 | Practice Set | NISM Series XV: Research Analyst Certification Examination

Question 1

If a broker fails to fulfill obligations, who ensures completion of trade?

Question 2

Which scenario shows correct sequence of trade lifecycle?

Question 3

True or False: Depositories directly interact with investors without intermediaries.

Question 4

True or False: Clearing corporation acts as buyer to every seller and seller to every buyer.

Question 5

True or False: A Demat account alone is sufficient to trade in the stock market.

Question 6

Which of the following best explains counterparty risk?

Question 7

True or False: In T+1 settlement, weekends and holidays are included in counting days.

Question 8

If shares are sold, when are they debited from Demat account?

Question 9

Which scenario best represents settlement risk?

Question 10

Which of the following is the most complex benefit of electronic trading and settlement?

Question 11

Which of the following best explains why settlement cycles are shortened (T+2 → T+1)?

Question 12

If investor does not have sufficient shares at settlement, what happens?

Question 13

True or False: Pay-out happens before pay-in in settlement cycle.

Question 14

True or False: A single Demat account can hold multiple types of securities.

Question 15

Which of the following is a hidden advantage of demat?

Question 16

True or False: Clearing corporations eliminate all risks in the market.

Question 17

Which of the following is a complex implication of dematerialization?

Question 18

True or False: A trade is considered complete immediately after order execution on the exchange.

Question 19

Which of the following is a subtle but important distinction?

Question 20

True or False: Depository Participants can be banks, brokers, or financial institutions.

Question 21

Which of the following is the most critical role of clearing corporation?

Question 22

True or False: Stock exchange directly settles trades between buyers and sellers.

Question 23

Which of the following creates a risk if demat system did not exist?

Question 24

True or False: Trading account holds the securities after purchase.

Question 25

Practice Set - 2