Sample Questions
NISM-Series-3A: Securities Intermediaries Compliance (Non-Fund) Mock Tests — 5 random MCQs with answers & explanations
← Back to NISM-Series-3A: Securities Intermediaries Compliance (Non-Fund) Mock TestsThese 5 questions are randomly selected (standard MCQs only, not case-based).
Q1 What is the primary goal of SEBI’s Insider Trading regulations?
Explanation:
These rules exist to ensure the market is fair by preventing people with secret "inside" info from using it to trade or help others trade.
Marks: 1
Q2 What is 'Net Asset Value' (NAV)?
Explanation:
Just like shares have a "market price," mutual funds use NAV to show the value of one unit of the fund.
Marks: 1
Q3 True or False: The Association of Insurance Companies in India is the body that sets the qualifications and code of conduct for insurance agents.
Explanation:
It is the Insurance Regulatory and Development Authority (IRDAI) that defines the rules, training, and codes of conduct for insurance intermediaries and agents.
Marks: 1
Q4 If a member of a selling syndicate fails to meet their underwriting promise, who is responsible for completing that obligation?
Explanation:
If a syndicate member cannot fulfill their part of an underwriting agreement, the lead manager(s) must step in and take over that responsibility.
Marks: 1
Q5 True or False: Every trade receipt (contract note) given by a broker to a client must include a Unique Client Code.
Explanation:
To track trades accurately, every contract note must show the Unique Client Code, the client's PAN, and the exact price of the trade.
Marks: 1
Explore More Mock Tests
Practice structured mock tests designed exactly like real NISM exams.