NISM Mock Test
NISM Series-III-A: NISM Compliance Certification Examination
About NISM Series-III-A: Issuers Compliance Certification ExaminationThe examination aims to enable a better understanding of various compliances which needs to be adhered to by associated persons working as compliance officers in listed companies.
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Who among the following is considered as primary stakeholder in insurance claim process?
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Safekeeping and record keeping of securities is done by ____
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Financial systems consist of banks, nonÂbanks and ______________.
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As per Securities Contract Regulation Act (SCRA), the term 'Security' excludes which of the following?
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Unhealthy practice in the Securities Markets includes which of the following?
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Which is the central bank in India with the responsibility of administering the monetary polÂicy?
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Which authority was set up with the primary responsibility of promoting old age income security by establishing, developing and regulating pension funds?
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"The byeÂlaws of the stock exchanges are same across exchanges and need to be approved by SEBI". State whether True or False?
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Primarily, compliance involves _
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The SEBI (Intermediaries) Regulations, 2008, mandates the appointment of Compliance offiÂcer. State True or False?
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Critical Reporting by Compliance officers include which of the following?
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As per the SEBI (Certification of Associated Persons in Securities Markets) Regulations, 2007, a certificate is valid for a period of ______ from the date of grant of certificate or revalidaÂtion as the case may be.
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All of the following are the functions of SEBI under SEBI Act of 1992, EXCEPT:
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Can SEBI prohibit any company from issuing prospectus, any offer document, or advertiseÂment soliciting money from the public for the issue of securities? State Yes or No?
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Penalty may be payable by an intermediary under SEBI Act if it fails to:
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Any intermediary can appeal to SAT, if it has been aggrieved by any order passed by SEBI. State whether True or False?
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As per SCRR, the trading members of the stock exchanges are required to maintain the counterfoils or duplicates of contract notes issued to clients for how many years?
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Members of the stock exchanges are required to preserve which of the following documents as per the SCRA.
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SCRA provides for a provision that a stock broker of a recognised stock exchange can enter into a contract in securities with another stock broker after obtaining his consent. State whether True or False?
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Manner in which the derivatives contracts and other contracts should be dealt in the securiÂties market are prescribed in which of the following?
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SEBI in the interest of the securities market may direct an intermediary to refund the money or securities collected from the investors with or without interest. State whether True or False?
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If If an applicant is not found to be a 'fit and proper person' can he get registration certificate under SEBI (Intermediaries) Regulations 2008?
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All the employees, directors etc of the intermediary need to strictly adhere to the Code of Conduct as prescribed in the SEBI Regulations. State Whether True or False?
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As per SEBI Insider Trading Regulations, what is the minimum period of holding for any inÂvestment made by the Directors/partners to be considered as being held for Investment purpose?
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Does 'Price Sensitive Information' include disposal of whole/substantial part of the underÂtaking?
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The objective of the SEBI (Prohibition of Insider Trading) Regulation is to prohibit insider from ___________ on matters relating to insider trading?
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Banks, Financial Institutions and Intermediaries shall _________.
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Is it required to verify the source of funds as well as wealth of Politically Exposed Persons??
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To effectively implement the KYC guidelines, SEBI notified the _______.
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KRA shall have secure data transmission links with ______ that uploads the KYC documents on its system.
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39. Once the initial KYC of the new clients are done, the intermediary shall immediately upload the KYC information on the system of the KRA and send the KYC.
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The application for registration by a subÂbroker is required to be accompanied by a recomÂmendation letter from____________?
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What are the documents required before a client starts trading through a broker?
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The SEBI (Merchant Banking) Regulations, 1992 provide for ______
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The applicant for merchant banker should have necessary infrastructure like _________.
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In case of buyÂback, the company shall ensure that all the securities bought back are extinÂguished within ____ days of the last date of completion of buyÂback.
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Post issue activities, generally coÂordinated by Lead Merchant Banker, include which of the following?
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As per SEBI (ICDR) Regulations, the minimum subscription to be received in an issue must be atleast _____ of the offer through offer document.
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Which Act provides for the establishment of depositories in securities?
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An entity intending to act as a depository participant should enter into an agreement with _________in the prescribed format.
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As per the Depositories Act, failure to furnish information or books or documents or reports by the depository or the depository participant of their functioning will carry a fine of Rs. one lakhs for each day of failure or Rs._______, whichever is less.
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Every Depository Participant should put in place an adequate mechanism for __________ the internal accounting controls.
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Which of the following is NOT the activity performed by Bankers to an Issue?
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Apart from SEBI regulations, Bankers to an Issue shall abide by the relevant rules and regulaÂtions of ______?
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Under the Code of Conduct, SEBI prescribes Bankers to an Issue against their participation in _____
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The certificate of registration as Underwriter is valid for a period of _____ years.
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A firm has applied to SEBI for grant of certificate as an underwriter. The firm does not have past experience in underwriting. As per the SEBI guidelines, a minimum of how many emÂployees of the firm shall have experience in underwriting?
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The documents, books of accounts and other records relating to its underwriting activities should be preserved for a minimum period of ________ years by the Underwriter.
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As per SEBI (Debenture Trustees) Regulations, which of the following can apply to register a Debenture Trustee?
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As per the SEBI (Debenture Trustee) Regulations, the certificate of registration as Debenture Trustee is valid for a period of _____ years.
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As per the SEBI (Debenture Trustees) Regulations, debenture trustee shall communicate to the debenture holders on _______________ basis regarding compliance, defaults, etc and the action taken by it.
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For SEBI to consider the application of registration as a credit rating agency of an entity promoted by a company, the promoter shall have a continuous networth of minimum __________ for the previous five year.
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As per the SEBI (Credit Rating Agencies) Regulations, the certificate of registration as credit rating agency is valid for a period of _____ years.
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What is the renewal fee to keep the registration in force as credit rating agency?
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The certificate of registration as custodian is valid for a period of _____ years as per the SEBI (Custodian of Securities) Regulations.
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As per the SEBI (Custodian of Securities) Regulations, every custodian shall maintain the reÂcords and documents for a minimum period of ________ years.
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