Sample Questions
NISM-Series-7: Securities Operations and Risk Management (SORM) Mock Tests — 5 random MCQs with answers & explanations
← Back to NISM-Series-7: Securities Operations and Risk Management (SORM) Mock TestsThese 5 questions are randomly selected (standard MCQs only, not case-based).
Q1 The final exercise settlement price for options contracts on individual securities is the closing price on which day?
Explanation:
The final settlement price is the closing price of the underlying security on the last trading day of the options contract.
Marks: 1
Q2 Funds in the securities market are raised by:
Explanation:
Mutual funds, banks, and financial institutions raise funds for capital expansion and investments.
Marks: 1
Q3 How quickly must a broker upload a new client's KYC data to the KRA?
Explanation:
To keep the system updated, brokers have a strict limit of 3 days to send your info to the central KRA.
Marks: 1
Q4 On which of these transactions is STT NOT applicable?
Explanation:
STT is charged on equities and equity derivatives but is not currently applied to currency or debt derivatives.
Marks: 1
Q5 Which of the following is NOT typically an underlying asset for a derivative contract?
Explanation:
Derivatives are based on assets like shares, currency, or commodities. Financial statements are reports, not assets derivatives are based on.
Marks: 1
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