NISM MERCHANT BANKING - 8
NISM MERCHANT BANKING - 8
Mock Test with Answer key - Click Here >>
Q 1. Who is a Qualified Institutional Buyer?
SEBI registered FII and sub-account
SEBI registered mutual fund, venture capital fund
Scheduled commercial bank
All of the above
Q 2. An announcement regarding the closure of issue should be made only after the lead merchant banker is satisfied that atleast ______ of the offer through the offer document have been subscribed and a certificate regarding that have been obtained from t
69%
75%
90%
99%
Q 3. The issuer and the merchant banker shall ensure that the security created to secure the debt securities is adequate to ensure ________ asset cover for the debt securities
100%
95%
80%
75%
Q 4. The main objective behind the __________ is to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments
RBI Act 1934
SCRA 1956
SEBI Act 1992
FEMA 1999
Q 5. _______ is the market in which existing securities are bought and sold between traders and investors
Commodity Market
Primary Market
Secondary Market
Repo Market
Q 6. During the due diligence process, the Lead Manager and the issuer are assisted by external parties such as legal counsels, statutory auditors and specialised industry experts - State True or False ?
True
False
Q 7. The SEBI (Merchant Bankers) Regulations, 1992 states that an application for registration as a Merchant Banker made under this regulation shall be accompanied by a non-refundable application fee of ________ and can be made only for Category I Merchan
Rs 10,000
Rs 25,000
Rs 50,000
Rs 1,00,000
Q 8. A company needs to have a minimum paid up capital of Rs 10 crore to list on BSE and Rs 20 crore to list on NSE - State whether True or False ?
True
False
Q 9. Who has been provided with the statutory exclusivity in managing of public offers by SEBI?
Merchant bankers
Registrar and Transfer agents
Underwriters
Custodians
Q 10. Post a public issue, ______ is required to also look into and monitor the redressal of the investor grievances
Registrar and Transfer Agent
Lead Merchant Banker
SEBI
Stock Exchange
Q 11. Rights issue means an offer of specified securities by a listed issuer to the shareholders of the issuer as on the _______ fixed for the said purpose
Record date
Book Closure date
Bonus date
Ex-Dividend date
Q 12. Disinvestment transactions can be in the nature of an offer for sale by the Government of India through the prospectus - State True or False ?
True
False
Q 13. As per SEBI (Buy back of Equity Shares) Regulations, 1998, the merchant banker shall send a final to SEBI in the form specified within 21 days from the date of closure of the buy-back offer - State True or False ?
True
False
Q 14. The Offer Document is called ______ in case of a rights issue
Intent of offer
Prospectus
Letter of Offer
Rights Form
Q 15. The issuer while filing draft offer document with the recognized stock exchange where the specified securities are proposed to be listed, shall submit the _________ of its promoters to such stock exchange
Permanent Account Number (PAN),
Bank account number
Passport number
All of the above