NISM Series VI - Depository Operations Certification Exam (DOCE) |Pass4sure.in

! Everything you need to prepare & quikly pass the exams

! Over 5,300 + satisfied students

MOST IMPORTANT 400 - 500 QUESTIONS - ANSWERS AND EXPLANATIONS FOR EASY CLEARING OF EXAMS.

NISM Series VI - Depository Operations Certification Exam - Demo Q 1.

Persons who are holding shares in physical form can get them dematerialised by submitting them to ___________ . their broker / sub broker depository depository participant Bank

UnAttempted Correct Answer: depository participant

Explanation: Investors have to submit the physical securities along with the DRF (Demat Requisition Form) to the Depository Participant (DP) with whom they have opened a d'mat account. The DP will them send the physical securities to the Transfer Agent who will then dematerialise the shares after proper verification.

Q 2.

If there is no transaction in the d'mat account, then the transaction statement should be provided at least once in a ________and should be dispatched directly to the client's address. month quarter six months year

UnAttempted Correct Answer: year

Explanation: The DP has to provide D'mat transaction statement every month. However if there are no transactions, the statement can be provided on an annual basis.

Q 3.

What are transitory d'mat accounts ? D'mat account of NRI's D'Mat account of Minors D'Mat account of Clearing Members D'Mat account of Beneficiary

UnAttempted Correct Answer: D'Mat account of Clearing Members

Explanation: A Transitory account is the account of the clearing member. commercial purpose only and are not owned by him.

The securities in this account are held for a

Q 4.

The Demat a/c nos. in India are always of ___ digits. 8 12 16 20

UnAttempted Correct Answer: 16

Explanation: A Demat a/c has 16 digits. In CDSL the first 8 digits indicate the Depositiory Participant and the next 8 digits is the client's ID. On NSDL also we have the same system, but the DP ID begins with letters 'IN'

Q 5.

Voters ID cannot be accepted as an ID proof for opening Demat A/C. True or False ? True False

UnAttempted Correct Answer: False

Explanation: The foll ID proofs are accepted for Opening a Demat Account : Passport, Voter ID Card, Driving license, PAN card with photograph. Also Identity card/document with applicant’s Photo, issued by a) Central/State Government and its Departments, b) Statutory/Regulatory Authorities, c) Public Sector Undertakings, d) Scheduled Commercial Banks, e) Public Financial Institutions, f) Colleges affiliated to Universities, g) Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; and h) Credit cards/Debit cards issued by Banks are accepted.

Q 6.

Who has the authority to cancel the registration of a Depository Participant ? NSDL or CDSL The Stock Exchange SEBI Finance Ministry under the instructions of RBI.

UnAttempted Correct Answer: SEBI

Explanation: The certificate of registration granted to a DP may be cancelled by SEBI if it is found that: • it is guilty of fraud, or has been convicted of an offence involving moral turpitude or • it has been guilty of repeated defaults specified for suspension of the registration.

Q 7.

A Depository Participant may terminate/stop its operation by giving a ___ days notice to the Depository.

30 45 60 90

UnAttempted Correct Answer: 30

Explanation: A Depository Participant may terminate its participation in the depository by giving a notice of not less than 30 days. On receipt of such notice, the depository may cease to provide any service or act for the DP. The depository should notify the DP, other participants, clients of the surrendering DP and SEBI within seven days of this action.

Q 8.

Dated securities have a maturity period of ___________ . Less than one year More than one year Between six months to one year Usually more than 5 years

UnAttempted Correct Answer: More than one year

Explanation: Dated Securities have a maturity period of more than one year. Treasury Bills have a maturity period of up to one year.

Q 9.

The Depository Participant has to reconcile its record with the Depository on a _________ basis. every 12 hours daily every Wednesday and Saturday weekly

UnAttempted Correct Answer: daily

Explanation: The Depository Participant has to reconcile its records with its depository on a daily basis. The depository system has been formulated to do this reconciliation automatically every day at the end of the day.

Q 10.

A Demat Requisition Form ie. DRF can be rejected by a Registrar and Transfer agent if __________________. The signatures in their records do not match with that on DRF The securities to be Dematted are not attached with DRF The ISIN number of the security is wrongly mentioned All of the above.

UnAttempted

Correct Answer: All of the above.

Out of 10 questions 10 are un attempted. To get the full version of PASS4SURE Practice Exams, Last Day Revision Exams and 'Real Feel' Timed exams - please buy now for Rs. 499/- only.

(/payment-type/nism-series-depository-operations-certification-exam-8.aspx)

Passing Guarantee " Clear your exams in first attempt. " Save time & money. " Over 5300 satisfied students.

Testimonials

∠ ∠

28 March'16 - Thanks to PASS4SURE, I completed my NISM Depository exam in first attempt by scoring 80%. Subramanian Ram - Chennai

Answer With Explanations Complete Test Bank, Solved Papers with easy explanation and Last Day revision test with MOST IMP Questions

% 499

BUY NOW "

(/free-demo.aspx)

Any query On... ∠ How to see free Demo? ∠ How to get full Question Bank? ∠ What is the cost and how to pay ∠ What is the validity? etc. etc.

ANSWERS " (/faq.aspx)

NSE / NCFM EXAMS (/exams-list/nse–ncfm-exams-1.aspx) Complete Exams List

NISM EXAMS (/examslist/nism–exams-

View Test Demo (/exams-list/nse–ncfm-exams-1.aspx)

2.aspx)

Complete Exams List

BSE EXAMS (/examslist/bse–exams-3.aspx) Complete Exams List

View Test Demo (/exams-list/nism–exams-2.aspx)

View Test Demo (/exams-list/bse–exams-3.aspx) Feed Back / Query form Enter Your Name Enter Email Id Feedback

Code 43e57d

SUBMIT

∠ Home (/bank-exams)

∠ Login (/register.aspx)

∠ About Us (/about_us.aspx)

∠ How to Enroll at NSE (/pdf/How_to_Enroll_at_NSE.pdf)

∠ FAQ (/faq.aspx)

∠ Exams ∠ Sitemap (/sitemap.xml)

∠ Contact Us (/contact.aspx) ∠ Terms & Conditions / Privacy Policy (/terms.aspx) ∠ NCFM Mock Test (/ncfm-mock-test)

∠ Refund Policy (/refund_policy.aspx)

∠ BSE Mock Test (/bse-mock-test)

∠ NISM Mock Test (/nism-mock-test)

∠ Blog (blog/)

∠ NCFM Capital Market (Dealers) Module (/exam/nse-ncfm-capital-market-dealers-module-1.aspx) ∠ NCFM - Financial Markets : A Beginner's Module (/exam/ncfm-financial-markets-beginners-module-7.aspx) ∠ FIMMDA - NSE Debt Market (Basic) Module (/exam/fimmda-nse-debt-market-basic-module-27.aspx) ∠ NCFM Derivatives Market (Dealers) Module (/exam/nse-ncfm-derivatives-market-dealers-module-4.aspx) ∠ NISM Series VIII - Equity Derivatives Exam (/exam/nism-series-viii-equity-derivatives-certification-exam-2.aspx) ∠ NISM Series V A: Mutual Fund Distributors Exam (/exam/nism-series-v-mutual-fund-distributors-certification-exam-10.aspx) ∠ NISM Series I: Currency Derivatives Exam (/exam/nism-series-i-currency-derivatives-certification-exam-9.aspx) ∠ NISM Series VII - Securities Operations and Risk Management. (/exam/nism-series-vii-securities-operations-and-risk-management-5.aspx) ∠ NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination (/exam/nism-series-x-a-investment-adviser-level-1-certificationexamination-12.aspx) ∠ NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination (/exam/nism-series-x-b-investment-adviser-level-2-certificationexamination-14.aspx) ∠ NISM Series-III-A: Securities Intermediaries Compliance (Non Fund) Examination (/exam/nism-series-iii-a-securities-intermediariescompliance-certification-examination-13.aspx) ∠ NISM Series VI - Depository Operations Certification Exam (/exam/nism-series-depository-operations-certification-exam-8.aspx) ∠ NISM-Series-XV - Research Analyst Certification Exam (/exam/nism-series-xv-research-analyst-certification-exam-33.aspx) ∠ NISM Series IV - Interest Rate Derivatives Certification Exam (/exam/nism-series-iv-interest-rate-derivatives-certification-exam-36.aspx)

∠ NISM Series XIII : Common Derivative Certification Exam (/exam/nism-xiii-common-derivative-certification-exam-39.aspx) ∠ NISM-Series-V-B: Mutual examination-37.aspx)

Fund

Foundation

Certification

Examination.

(/exam/nism-series-v-b-mutual-fund-foundation-certification-

∠ NISM-Series-IX: Merchant Banking Certification Exam (/exam/nism-series-ix-merchant-banking-certification-exam-38.aspx) ∠ NISM Series II A - Registrars to an Issue and Share Transfer Agents (Corp) exam (/exam/nism-series-ii-a-registrars-to-an-issue-sharetransfer-agents-35.aspx) ∠ BSE's Certification on Securities Market (BCSM) (/exam/bse-certification-on-securities-market-3.aspx) ∠ BSE's Certificate on Derivatives Exchange (/exam/bse-certificate-on-derivatives-exchange-6.aspx) ∠ BSE's Certification on Options Trading(BCOT) (/exam/bses-certification-on-options-tradingbcot-11.aspx) ∠ ONLINE VERSION TO DOWNLOADABLE PDF VERSION OR TIME EXTENSION (/exam/online-to-pdf-34.aspx) ∠ CFP (/exam/cfp-15.aspx)

© 2016 Pass4Sure.in. All rights reserved We Accept

(http://www.facebook.com/pass4 (http://twitter.com/pass_4 (http://www.linke