April 16, 2024

NISM Series IIIa is a certification examination for Securities Intermediaries Compliance (Non-Fund).

To prepare for this exam, candidates can use various study materials, including mock tests, question banks, and workbooks. Here is a comprehensive guide on NISM Series IIIa (Mock Test) Past Questions and Answers PDF:

NISM Study Material: Pass4sure.in offers a free NISM study material in PDF format that covers all the important topics included in different modules of the NISM test.

The workbook aims to offer a good understanding of various hedging and trading strategies. The content is divided into modules to make the learning process much easier for the aspirants. Pass4Sure always adds only fully researched and updated content in the workbooks to serve the students with excellence.

NISM Mock Test: Jambandwaec.com provides a free online NISM mock test series that contains 100 MCQ quiz questions. 

Candidates can download NISM model exam PDF question papers with answers of RTA, MF, and other modules. The mock test aims to help candidates practice and prepare for the actual exam.

NISM Workbook: Pass4sure.in also offers a NISM workbook that covers the test objectives and the whole syllabus of NISM.

 The workbook has taken care of all the syllabus objectives given by the NISM itself. All the students whether they want to clear this test for the project placement or jobs can opt for this study material.

Last Day Revision Test: Scribd.com provides a last day revision test for NISM 3 A Compliance in PDF format.

The question bank contains questions that will help not only to pass the exams easily but also get good knowledge of the subject. The online mock exams contain questions that are similar to the actual exam.

Practice Exam: Testpreptraining.com offers a free practice exam on Securities Intermediaries Compliance (Non-Fund) to upgrade candidates’ skills for the upcoming exam.

The practice exam provided by Jambandwaec.com contains 100% real exam questions, and candidates can practice objective questions with section-wise scores. This website, Jambandwaec.com also provides in-depth and exhaustive explanations for every question, reliable exam reports to evaluate strengths and weaknesses, and tips & tricks to crack the test.

Sample Questions

Question 1

Financial systems consist of banks, non-banks and ______________.

Bullion Markets

Financial Markets

Money lenders

NGOs
Question 2
Safekeeping and record keeping of securities is done by ___________.

Custodians

Venture Capital Funds

Brokers

Mutual Funds
Question 3
Who amongst the following collates data on subscriptions regarding primary issuances?

Banks

Custodians

Venture Capital Funds

Registrars
Question 4
As per Securities Contract Regulation Act (SCRA), the term ‘Security’ excludes which of the following?

Shares

Bonds

Derivatives

Bullion
Question 5
Unhealthy practice in the Securities Markets includes which of the following?

Disclosure

Transparency

Insider Trading

Surveillance
Question 6
Which of the following has the responsibility of administering the monetary policy in India?

State Bank of India

Reserve Bank of India

Central Bank of India

All of the above
Question 7
Which authority was set up with the primary responsibility of promoting old age income security by establishing, developing and regulating pension funds?

Association of Mutual Funds in India

Insurance and Regulatory Development Authority of India

Pension Fund Regulatory and Development Authority of India

Securities and Exchange Board of India
Question 8
“The bye-laws of the stock exchanges are same across exchanges and need to be approved by SEBI”. State whether True or False.

True

False
Question 9
Primarily, compliance involves _____________.

Conforming to a rule, policy, standard or law

Record keeping

Reporting

Preventing frauds
Question 10
The SEBI (Intermediaries) Regulations, 2008, mandates the appointment of Compliance officer. State whether True or False?

True

False
Question 11
Critical Reporting by Compliance officers include which of the following?

Money Laundering Activities

Submission of Books of Accounts

Sauda Book

All of the above
Question 12
As per the SEBI (Certification of Associated Persons in Securities Markets) Regulations, 2007, a certificate is valid for a period of ______ from the date of grant of certificate or revalidation as the case may be.

2 years

5 years

3 years

7 years
Question 13
All of the following are the functions of SEBI under the SEBI Act, 1992, EXCEPT:

Regulating the business in other securities markets but not in stock exchanges

Promoting and regulating self-regulatory organisations

Regulating substantial acquisition of shares and take-over of companies

Prohibiting insider trading in securities
Question 14
Can SEBI prohibit any company from issuing prospectus, any offer document, or advertisement soliciting money from the public for the issue of securities? State Yes or No.

Yes

No
Question 15
Penalty may be payable by an intermediary under the SEBI Act if it fails to:

(a) File any return or furnish any information, books or other documents within the time specified in the regulations

(b) Maintain books of account or records

(c) Both (a) & (b)

(d) None of the above
Question 16
Any intermediary can appeal to SAT, if it has been aggrieved by any order passed by SEBI. State whether True or False.

True

False
Question 17
As per SCRR, the trading members of the stock exchanges are required to maintain the counterfoils or duplicates of contract notes issued to clients for how many years?

3

5

2

7
Question 18 reset
Members of the stock exchanges are required to preserve which of the following documents as per the SCRA?

Networth certificate

Books and accounts and other documents for specific period of time

Registration certificate

All of the above
Question 19
SCRA provides for a provision that a stock broker of a recognised stock exchange can enter into a contract in securities with another stock broker after obtaining his consent. State whether True or False.

True

False
Question 20
Manner in which the derivatives contracts and other contracts should be dealt in the securities market are prescribed in which of the following?

Public Debt Act

Depositories Act

Companies Act

SCRA, 1956

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