[Q199-Q223] View NISM-Series-VII Exam Question Dumps With Latest Demo [Sep 22, 2026]

NEW QUESTION 199
While most delivery shortages in compulsory rolling settlements are handled via auction, certain cases result in a direct close-out. For which of the following scenarios is the auction mechanism NOT conducted, and the trade is directly closed out?

NEW QUESTION 200
Entities operating in the IFSC at GIFT City are recognized as non-resident entities under FEMA regulations. Which combination of fiscal incentives is explicitly available to these entities?

NEW QUESTION 201
Under the cross-margining facility, if a client holds a long position in Index Futures and a corresponding short position in the constituent stock futures (in the ratio specified to replicate the index) with the **same expiry month**, what is the applicable * *spread margin* * levied on the eligible offsetting positions?

NEW QUESTION 202
Based on the classification of membership in the Indian securities market, which of the following categories of members holds both trading and clearing rights but is explicitly restricted from clearing trades for custodian participants?

NEW QUESTION 203
To calculate the Adjustment Factor for a **Rights Issue** in the Equity F&O segment, the ‘Benefits per share (E)’ must first be determined. Which formula correctly represents the calculation of ‘E’?

NEW QUESTION 204
Certain types of complaints fall outside the purview of the SEBI Complaints Redress System (SCORES). Which of the following is explicitly NOT dealt with through SCORES?

NEW QUESTION 205
In the General Clearing Process for the Cash Segment under the T+1 rolling settlement cycle, by what specific time must the custodial confirmation of trades be completed on the T+1 day?

NEW QUESTION 206
Under the framework for ‘Demat Debit and Pledge Instruction’ (DDPI), which replaces the Power of Attorney (POA) for specific purposes, for which of the following activities is the use of DDPI strictly limited to?

NEW QUESTION 207
Regarding the settlement timelines for Mutual Fund transactions executed on the Stock Exchange platform, which of the following statements accurately describes the funds pay-in requirement for subscription and the funds pay-out timeline for redemption?

NEW QUESTION 208
Identify the correct expiry and settlement logic for Currency Derivative contracts (USD-INR) traded on Indian stock exchanges.

NEW QUESTION 209
Regarding the maintenance of a Running Account for funds by a stock broker for a client, which of the following statements accurately reflects the regulatory requirement for the actual settlement of funds?

NEW QUESTION 210
When a short delivery is identified, the Clearing Corporation debits the member by an amount equivalent to the securities not delivered valued at a specific price. What is this specific debit termed as?

NEW QUESTION 211
A trader has bought 1000 shares of XYZ Ltd. at Rs. 500 and wants to limit the potential loss to roughly Rs. 20 per share using a Sell Stop Loss order. Which of the following combinations of ‘Trigger Price’ and ‘Limit Price’ represents a valid and logical Stop Loss Limit order configuration for this purpose?

NEW QUESTION 212
When a stock broker undertakes ‘Video In-Person Verification’ (VIPV) for client on-boarding through a digital medium, which of the following operational conditions must be strictly ensured?

NEW QUESTION 213
Under the Beta version of the T+0 rolling settlement cycle, how are securities shortages handled differently compared to the standard T+1 settlement cycle?

NEW QUESTION 214
Which of the following statements accurately describe the rules and procedures for **Dividend Adjustment** in the Equity F&O segment?
(Select all that apply)

NEW QUESTION 215
In the context of clearing membership on a Stock Exchange, identify the member category that possesses only clearing rights (no trading rights) and is authorized to clear and settle trades executed by both trading members and custodian participants.

NEW QUESTION 216
Indian Depository Receipts (IDRs) allow foreign companies to raise funds from the Indian securities markets. Which of the following statements accurately reflects the rules regarding the redemption or conversion of IDRs into underlying equity shares?

NEW QUESTION 217
In the context of the Indian Money Market, issuers must adhere to specific credit rating requirements to issue Commercial Paper (CP).
What is the minimum credit rating required from a Credit Rating Agency (CRA) for the issuance of CPs?

NEW QUESTION 218
For Securities Trading using Wireless Technology (STWT), specific operational and security controls are mandated to prevent misuse and ensure compliance. Which of the following statements regarding ‘Session Login Details’ and ‘Server Location’ is CORRECT?

NEW QUESTION 219
A Trading Member appointed as a syndicate member participates in the book building process for an IPO. Regarding the lifecycle and management of offers (bids) entered into the Stock Exchange system, which of the following statements accurately describes the operational parameters?

NEW QUESTION 220
Which of the following statements accurately describe the application of the ‘Close Out’ procedure by the Clearing Corporation? (Select all that apply)

NEW QUESTION 221
Stock Exchanges are required to maintain an Investor Services Fund (ISF) distinct from the Investor Protection Fund (IPF). What is the specific contribution requirement from the Stock Exchange towards the ISF?

NEW QUESTION 222
Consider the following trading data for Broker ‘Y’ in Security ABC on a specific trading day:
1. Sold 200 shares @ Rs. 10 to Broker X
2. Bought 50 shares @ Rs. 10.50 from Broker Z
3. Bought 300 shares @ Rs. 11 from Broker X
Calculate the Net Fund Obligation for Broker ‘Y’ to be settled with the Clearing Corporation.

NEW QUESTION 223
SEBI designates certain stock brokers as ‘Qualified Stock Brokers’ (QSBs) based on specific parameters to ensure appropriate governance and risk management. Which of the following parameters are explicitly considered for designating a stock broker as a QSB?
(Select all that apply)