Sample Questions

NISM-Series-7: Securities Operations and Risk Management (SORM) Mock Tests — 5 random MCQs with answers & explanations

These 5 questions are randomly selected (standard MCQs only, not case-based).

Q1 Cash benefit distribution by a company is called:

Explanation:

Cash dividends distribute profits to shareholders.

Marks: 1

Explanation:

Clearing banks inform clearing members about pay-in/pay-out details and execute fund transfers.

Marks: 1

Explanation:

All three asset classes are traded.

Marks: 1

Explanation:

Private InvITs are for very wealthy investors; therefore, the minimum entry amount is 1 crore rupees.

Marks: 1

A. To complete trades if a clearing member fails to pay or deliver Correct Answer
B. To provide interest-free loans to new traders
C. To build new office buildings for SEBI
D. To pay for the annual party of the stock exchange

Explanation:

This fund is a "safety net" that uses saved money to finish deals so that the market doesn't stop if one broker defaults.

Marks: 1

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