Test Your IBBI Registered Valuer – Securities or Financial Assets Mock Tests Knowledge in 5 Minutes

1. Under what conditions do the SEBI rules for providing an exit option to shareholders who disagree with a company's proposal apply?

A. If the public issue started after April 1, 2014 B. If at least 10% of voting shareholders oppose a change in how the money is used C. If the company uses less than 75% of the raised money for its original purpose D. All of the above

2. If a company issues equity shares exceeding 20% of its total capital, for how long is the extra portion above 20% restricted from being sold (locked-in)?

A. One year B. Two years C. Three years D. Five years

3. Which of the following is a requirement for a valid "trading plan" for a company insider?

A. Trading cannot start until six months after the plan is publicly revealed B. Trading is banned during certain periods around financial result announcements C. The plan must cover a period of at least twelve months D. All of the above

4. According to share-based benefit rules, which person is NOT considered a regular "employee"?

A. An employee who is also a company promoter B. A director holding more than 10% of the company's shares C. An independent director D. All of the above

5. What is the highest percentage of shares that can be held by the "non-public" group (like promoters) in a standard listed company?

A. 25% B. 50% C. 75% D. 90%

6. When submitting a draft offer for listing, which details of the promoters must the company provide to the stock exchange?

A. Permanent Account Number (PAN) B. Bank account numbers C. Passport numbers D. All of the above

7. The SEBI Share Based Employee Benefits Regulations apply to which of these schemes?

A. Employee Stock Options and Stock Purchase Schemes B. Stock Appreciation Rights C. General Employee Benefits and Retirement Schemes D. All of the above

8. If a shareholder who disagreed with a company proposal initially accepted an exit offer, until when can they change their mind and withdraw?

A. They cannot withdraw once accepted B. Up to 2 days before the offer period closes C. Until the very day the offer period closes D. Even after the offer period closes

9. If a company sets its share issue price at Rs. 500 or more, what is the minimum face value required per share?

A. One Rupee B. Two Rupees C. Five Rupees D. Ten Rupees

10. An acquirer must make a public "open offer" if their total shareholding or voting rights in a target company reach what level?

A. 10% or more B. 20% or more C. 25% or more D. 50% or more