Test Your NISM-Series-3A: Securities Intermediaries Compliance (Non-Fund) Mock Tests Knowledge in 5 Minutes

1. As per the Securities Contract Regulation Act (SCRA), the term 'Security' excludes which of the following?

A. Derivatives B. Shares C. Bullion D. Bonds

2. Financial systems consist of banks, non-banks and ______________. (NISM workbook)

A. Money lenders B. NGOs C. Bullion Markets D. Financial Markets

3. Safekeeping and record-keeping of securities are done by ___________. (NISM workbook)

A. Custodians B. Venture Capital Funds C. Mutual Funds D. Brokers

4. Who amongst the following collates data on subscriptions regarding primary issuances? (NISM workbook)

A. Banks B. Venture Capital Funds C. Custodians D. Registrars

5. As per the Securities Contract Regulation Act (SCRA), the term 'Security' excludes which of the following? (NISM workbook)

A. Shares B. Derivatives C. Bullion D. Bonds

6. Unhealthy practice in the Securities Markets includes which of the following? (NISM workbook)

A. Disclosure B. Insider Trading C. Transparency D. Surveillance

7. Which of the following has the responsibility of administering the monetary policy in India? (NISM workbook)

A. Ministry of Finance B. SEBI C. Reserve Bank of India D. State Bank of India

8. "An appeal against any order of the Securities Appellate Tribunal can be made to the SEBI". State whether True or False. (NISM workbook)

A. False B. True

9. Primarily, compliance involves _____________. (NISM workbook)

A. Record keeping B. Reporting C. Conforming to a rule, policy, standard or law D. Preventing frauds

10. The SEBI (Intermediaries) Regulations, 2008, mandates the appointment of a Compliance Officer. State whether True or False? (NISM workbook)

A. True B. False