NISM Series-XII: Securities Markets Foundation Certification Examination.
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1. Using derivative for speculative purposes is risky because ___________.
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2. If an option can be exercised any time before its expiry date, it is called ________.
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3. The settlement price for determining daily mark-to-market margins for a futures transaction is ___________.
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4. The counterparty risk in a forward contract is mitigated in a futures contract primarily through _____________.
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5. In a Nifty 50 futures contract the underlying is _______.
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6. Mutual Fund investors have to be given information on the NAV on a daily basis. State whether True or False.
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7. Units of a mutual fund can be purchased by investing a pre-determined amount periodically. This facility is called ________.
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8. The KYC requirements for a mutual fund folio have to be completed by _______.
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9. An investor wanting to purchase the units of an ETF will transact with _______ and receive the units in _______.
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10. The net asset value of a mutual fund primarily reflects which one of the following?
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11. Market capitalization of a stock is impacted by _______.
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12. A trade that is squared-off during the day ________.
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13. The risk of default on obligations arising out of trading is controlled by the exchange by ________.
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14. The document that confirms a trade executed on the stock exchange is called ________.
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15. Which of the following is the primary function of the secondary markets?
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16. Which of the following is essential for the public issue of a debt security?
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17. If a public issue is heavily over-subscribed, _________.
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18. Which of the following categories of shares have to be mandatorily listed on a stock exchange?
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19. In an offer for sale, the funds raised by the issue ________.
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20. A retail investor in a public issue is an investor ______.
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21. Top down approach begins at macro factors and identifies sectors and stocks based on the identification of macro trends. State whether True or False.
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22. A bond is issued at a face value of Rs.100 and a coupon of 10 percent p.a. The interest rates in the market have increased subsequently. This bond is likely to quote ________.
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23. Analysts estimate that the intrinsic value of an equity share is Rs.50. The share is quoting for Rs.35 in the market. Then we can say that the share is ________.
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24. The reserves of a company rightfully belong to ____________.
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25. Which of the following is ranked last both in terms of profit sharing and receiving liquidation proceeds?
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26. The Reserve Bank of India regulates the money market and foreign exchange market segments. State whether True or False.
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27. The securities that are already issued are available for subsequent purchases and sales at: ________.
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28. The financial results of a company show that it has suffered losses due to declining market share. The price of its equity share drops in the market. This is an example of the role of the market as: _________.
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29. The group of market participants that collectively facilitate interaction between investors and issuers is known as _______.
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30. A mutual fund that collects money from investors and invests in the market is an example of a/an _________.
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