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Practice free exam-style questions for Securities Operations and Risk Management Certification Examination.
A company announces a bonus of 1:1 and a split of 5:1 on the same day. What is the net effect on an open futures position?
A stock is at ₹1,000. Rights issue 1:2 at ₹600. What is the ex-rights price?
Under T+0 settlement, the price band is ±100 bps from T+1 market. If T+1 price rises 2%, what is the new T+0 upper limit?
A sell stop-loss trigger ₹95, limit ₹94. Price falls from ₹100 to ₹93, then rises to ₹96. Is order triggered?
MTF: Buy ₹2,00,000 stock. VaR 12%, ELM 3.5%. Client pays ₹45,000 cash. Stock falls to ₹180. What is margin shortfall?
Client inactive for 25 days. Next monthly settlement in 10 days, quarterly in 45 days. When to settle?
Cash equivalents ₹60L. Corporate bonds ₹80L (haircut 10%). Equity ₹40L (haircut 12%). Total liquid assets?
MTM profit ₹10,000 on one stock, loss ₹15,000 on another. Broker's MTM obligation?
Trade on Tuesday. Wed bank holiday, Thu exchange holiday, Fri clearing bank closed, weekend. Settlement day?
Put option strike ₹500, closing ₹480. Settlement value?
MTF net worth ₹2Cr, bank borrowing ₹8Cr, director loan ₹2Cr. Max exposure?
Bonus 1:2 on a short futures position. New position quantity?
Option seller receives ₹10,000 premium. Margin required?
Under IRRA, can a client place a new buy order?
Correlated indices with different expiries. Spread margin?
Long call delta 0.6, short put delta -0.4. Net delta?
Client disputes running account statement on 35th working day. Valid?
Deep OTM index option, 12 months to expiry. ELM?
Ban period on a long stock position. Allowed action?
ATM call and ATM put on same stock, same strike, expiry at ₹100. Net settlement?
Sikkim resident without PAN. Can trade?
Software escrow provides?
Net worth ₹10Cr, financial assets ₹4Cr, income ₹1.5Cr. Eligible as AI?
Buy stop-loss trigger ₹55, limit ₹56. Price ₹54→₹52→₹57. Triggered?
Pledged shares ₹20L, haircut 20%, obligation ₹15L. Broker invokes. Receives?
Inactive 35 days, monthly settlement in 5 days. Last settlement 10 days ago. Settle again?
Bonus 1:1 on long call strike ₹200. New strike?
Cash equivalents ₹50L, equity ₹100L (haircut 12%). Total liquid assets?
Split 1:5 on short futures. New position?
Long put, no shares to deliver. Broker should?
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Access premium mock testsUse this page for a free NISM Series VII mock test preview: 30 exam-style MCQs for the Securities Operations and Risk Management certification. Pick an answer, check it, and read the explanation—no login required. The questions follow the certification pattern; they are not official NISM past papers.
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