BCSM Test IV

Sr No.Total

Question:
Question - 60

Duration: - 1.15 Hour

Option 1

Option 2

Option 3

Option 4

Stock Exchange
Mumbai was
established in which
year?

1895

1875

Securities can be
issued by

Partnership
Firms

Association
of Persons

1865
Artificial
Judicial
Person

Powers under the

Securities Contracts
(Regulation) Act are
exercised by
Which of the following
security derives its
value form one or more
underlying securities?

Departmen
t of
Company
Affairs

Reserve
Bank of
India

1880
Central
Governmen
t
By SEBI
and
Departmen
t of
Economic
Affairs

Equity
Securities
Laws
(Amendme
nt)
Ordinance,
1999

Debt
Securities
Laws
(Amendmen
t)
Ordinance,
1994

Governmen
t Securities
Securities
Laws
(Amendme
nt)
Ordinance,
1996

Securities
Laws
(Amendment
) Ordinance,
2000

10

20

25

50

0.5

2.5

12
20

24
100

48
5

72
10

8
9

The first legal step

towards introduction of
derivatives trading in
India was the
promulgation of the
Brokers are required to
collect at least ____ %
up-front margin from
their non-institutional
clients on their net
open positions above
Rs. 5 lakhs.
The maximum
brokerage charged by a
broker should not
exceed ___ % of the
trade value.
A broker should make
full payment/delivery of
securities to his clients
within ____hours of the
relevant Pay-out.
Broker-client agreement
entered by a Member of

SEBI and
World Bank

Derivatives

Answ

10

11

12

13

14
15

16
17

18

19
20

Stock Exchange with

his clients is to be
entered on a stamp
paper of Rs. _____
The rate of service tax
is _______ percentage of
brokerage.

A derivative instrument
has been defined to
include

The "Depositories Act"

was enacted to
Limit price is the
maximum price at
which the order can be
traded
What was the name of
the first stock exchange
in India at the time
when it was formed?
Which of the following
is not security?
Central Government is
prohibited from issuing
securities.
The types of securities
markets includes
Securities includes
marketable securities
issued by any
incorporated company.
The chief regulatory
authority of the
securities market is
Market Regulators
include

0.5

12.36

a security
derived
from a debt
instrument/
share
To provide
for
regulation
of
depositorie
s in
securities

To provide
for
regulation
for making
security
deposits

TRUE

FALSE

loan
whether
secured or
unsecured

contract for
differences
To provide
for
regulation
for
securities
lending and
borrowing

all of the
above

All of the
above

The Indian
Share and
Stockbrokers
Association

Bombay
Stock
Exchange

National
Stock
Exchange

The Native
Share and
Stockbroke
rs
Association

Shares

Bonds

Derivatives

Fixed Deposit

TRUE
Primary
market

FALSE
Secondary
Market

Partly True
Derivatives
market

Cannot say
all of the
above

TRUE

FALSE

RBI
Departmen
t of

SEBI
Department
of Company

BSE
RBI and
SEBI

NSE
all of the
above

Economic
Affairs
21

22

23

24

25
26

International issue of
securities are
The Government debt
market securities
comprises securities
issued by

Earning per Share

Dividend yield

P/ E Ratio indicates
A trading member on
the BSE, has a branch
order value of
Rs800lakhs for his
Mumbai branch and
Rs450lakh for Delhi
branch.Mumbai branch
has two users "X" and
"Y" with user order
value limitof Rs200lakh
and Rs400 lakh
respectively. Delhi
branch has one user
"Z" with user
ordervalue limit of Rs
350lakh. The
memberapplies for a
new user at Mumbai.
What is the maximum
user ordervalue that

Affairs

ADRs

GDRs

ECBs

any of the
above

Central
Governmen
t

State
Government

Statesponsored

all of the
above

Net Profit
After Tax /
No. of
Equity
Shares

Net Profit
After Tax /
Share
Capital

None of
these

Market Price
per Share /
Dividend
per share

Dividend
per Share /
Face Value
of Share

None of
these

Ranking of
the firm in
the market
200

Measure of
performanc
e
520

All of these
892

Net Profit
After
Depreciatio
n / No of
Equity
Shares
Dividend
per share /
Market
Price per
Share
Investors
judgement
of firm's
performanc
e
85

can be set for the new

use?

27
28

A trading member on
the BSE, has a branch
order value of
Rs800lakhs for his
Mumbai branch and
Rs450lakh for Delhi
branch.Mumbai branch
has two users "X" and
"Y" with user order
value limitof Rs195lakh
and Rs155 lakh
respectively. Delhi
branch has one user
"Z" with user
ordervalue limit of Rs
200lakh. The
memberapplies for a
new user at Mumbai.
What is the maximum
user ordervalue that
can be set for the new
use?
A trading member on
the BSE, has a branch
order value of
Rs800lakhs for his
Mumbai branch and
Rs450lakh for Delhi
branch.Mumbai branch
has two users "X" and
"Y" with user order
value limitof Rs145lakh
and Rs165 lakh
respectively. Delhi
branch has one user
"Z" with user

400
460

450
490

530
480

410
495

ordervalue limit of Rs
300lakh. The
memberapplies for a
new user at Mumbai.
What is the maximum
user ordervalue that
can be set for the new
use?

29
30

A trading member on
the BSE, has a branch
order value of
Rs800lakhs for his
Mumbai branch and
Rs450lakh for Delhi
branch.Mumbai branch
has two users "X" and
"Y" with user order
value limitof Rs100lakh
and Rs400 lakh
respectively. Delhi
branch has one user
"Z" with user
ordervalue limit of
Rs300 lakh. The
memberapplies for a
new user at Mumbai.
What is the maximum
user ordervalue that
can be set for the new
use?
Auction is held in XYZ
for 5000 shares. The
closing price of XYZ on
that day was RS500.
The last trded price of
XYZ on that day was
Rs455. The price of XYZ
last Friday was Rs456 .

390
400

300
350

310
422

325
439.2

The previous day's

close price of XYZ was
Rs466 .What is the
maximum allowable
priceat which a
member can put a sell
order in the auction for
XYZ?(The price band
applicable for auction
market is+/-20%)