| Q 1. | _________ years is the minimum age to become a member in any exchange as per SCRR - Securities Contracts (Regulation) Rules.
18
21
23
25
 CORRECT ANSWER  WRONG ANSWER
CORRECT ANSWER:21 |
| Q 2. | Does the redressal of investor grievances come under the scope of Compliance ?
Yes
No
CORRECT ANSWER WRONG ANSWER CORRECT ANSWER:Yes Explanation:
The overall process of Investor grievance redressal is monitored by the Compliance Officer. |
| Q 3. | All the stock exchanges in India have same bye laws and these have to be approved by SEBI - True or False ?
True
False
CORRECT ANSWER WRONG ANSWER CORRECT ANSWER:False Explanation:
Each Stock Exchange can have its own bye laws which lays down rules regarding the admission of trading members, listing requirements, fees, suspension of admission etc etc and differ from exchange to exchange, but these have to be in conformity with the provisions of the SC(R)A, 1956, SC(R)R, 1957 and the SEBI Act, 1992.
Such bye laws framed by the stock exchanges need to be approved by the SEBI. |
| Q 4. | The applicant for merchant banker should have necessary infrastructure like _____ .
Office space as per SEBI criteria
Skilled and relevant manpower
Equipments in place
All of the above
CORRECT ANSWER WRONG ANSWER CORRECT ANSWER:All of the above |
| Q 5. | __________ is traded on European Stock Exchanges.
ADR
GDR
IDR
ESOP
CORRECT ANSWER WRONG ANSWER CORRECT ANSWER:GDR Explanation:
GDR ie. Global Depository Receipt is traded world over including Europe but not in America
ADR ie American Depository Receipt is traded only in the American Stock Exchanges
IDR ie. Indian Depository Receipt is traded only in the Indian Stock Exchanges
ESOP is Employee Stock Ownership Plan. |
| Q 6. | A Depository Participant should redress the grievances of the investors within _______ days of the receipt of complaint.
15
21
30
45
CORRECT ANSWER WRONG ANSWER CORRECT ANSWER:21 Explanation:
As per SEBI [Depositories and Participants] Regulations - Depository Participant should redress the grievances of the investors promptly but not later than 21 calendar days from the receipt of grievance in such manner as may be specified by SEBI. |
| Q 7. | A Banker to an Issue (Merchant Banker) has to pay Rs _________ as registration fee to SEBI to get the grant of certificate.
Rs 5 lakhs
Rs 20 lakhs
Rs 50 lakhs
Rs 1 crore
CORRECT ANSWER WRONG ANSWER CORRECT ANSWER:Rs 20 lakhs Explanation:
Every Merchant Banker is required to pay an initial fee of Rs. 20 lakhs as registration fees and to keep the registration in force subsequent renewal fees of Rs. 9 lakhs every three years. |
| Q 8. | As per PMLA - Intermediaries are required to report information relating to cash and suspicious transactions to ______.
Director - Financial Intelligence Unit
SEBI
RAW
Finance Ministry
CORRECT ANSWER WRONG ANSWER CORRECT ANSWER:Director - Financial Intelligence Unit Explanation:
In terms of the Prevention of Money Laundering Act (PMLA) Rules, intermediaries are required to report information relating to cash and suspicious transactions to -
Director, FIU-IND,
Financial Intelligence Unit-India,
New Delhi-110021 |
| Q 9. | To be a Category 1 Merchant Banker, the minimum networth should be ______ as per the SEBI (Merchant Bankers) Regulations, 1992.
Rs 5,00,00,000
Rs 1,00,00,000
Rs 50,000,00
Rs 25,00,000
CORRECT ANSWER WRONG ANSWER CORRECT ANSWER:Rs 5,00,00,000 Explanation:
The regulation 7 of the SEBI Merchant Bankers Regulations specifies the capital adequacy requirements for applicants seeking registration as Merchant Bankers. It states that applicants shall have a networth of not less than five crore rupees.
Net worth here means the paid-up capital and free reserves of the applicant at the time of making application. |
| Q 10. | The certificate of registration as custodian is valid for a period of _____ years as per the SEBI (Custodian of Securities) Regulations.
2
3
5
Permanently until suspended
CORRECT ANSWER WRONG ANSWER CORRECT ANSWER:Permanently until suspended Explanation:
Every certificate grated to the applicant as a Custodian shall be valid unless it is suspended or cancelled by SEBI. |