NISM SERIES II A - REGISTRARS TO AN ISSUE AND SHARE TRANSFER AGENTS (CORP) EXAM-12
| Q1.SEBI may suspend or even cancel the registration granted to an R&T agent in case of non-compliance with the provisions of the regulations but only after holding an inquiry into the facts of the case and issuing a show-cause notice to the R&T agent - State True or False? |
| True |
| False |
| Q2.When securities are purchased in an Off Market trade and these securities get lost in transit before the transfer of ownership then ___. |
| filing of an FIR will be sufficient to apply for duplicate shares. |
| The claimant has to furnish an indemnity bond and surety along with an affidavit notarized by a notary public. |
| If the value of the security is above a specified limit, the claimant is also required to advertise the loss of security in the company's monthly investment paper. |
| None of the above |
| Q3.If the share certificates are lost by the shareholder, he/she will have to apply for duplicate certificates within 7 days of loss - State True or False? |
| True |
| False |
| Q4.Mutual Fund management fees is charged __. |
| only on profitable mutual fund schemes |
| as a lumpsum amount |
| as per the decision of the fund manager |
| as a percentage of the Asset Under Management (AUM) |
| Q5.The equity shares have to be compulsorily be listed on a stock exchange when __. |
| the company starts its operation |
| the company's shares are issued to the public |
| the company becomes profitable |
| the company is incorporated |
| Q6.The Beneficial Owner has the __. 1. Right to receive all the benefits of ownership 2. Right to receive some selected benefits of ownership 3. Liabilities related to ownership |
| 1 and 3 |
| 1 and 2 |
| 2 and 3 |
| All of the above |
| Q 7. The expenses involved in transacting in securities that are in Demat form are ____. |
| Lower when compared to transacting in physical securities |
| Higher when compared to transacting in physical securities |
| Sometimes higher sometimes lower depending on the stock exchange on which the trade was done. |
| Same as transacting in physical securities |
| Q8.The R&T agent can issue duplicate share certificates only after receiving the approval of SEBI - State True or False? |
| True |
| False |
| Q9.Securities are usually transferred post which of the following? |
| An off-market deal |
| A Stock Market deal |
| Both 1 and 2 |
| None of the above |
| Q10.The objective of a Fixed Price Issue is to identify the price that the market is willing to pay for the shares being issued by the company - State True or False? |
| True |
| False |