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NAME (Block Letters) ORGANISATION :

______________________________________

Marks Obtained

LOCATION / BRANCH TRAINING DATES :

: From 2009 To 2009

50

ALL QUESTIONS ARE COMPULSORY. EACH QUESTION CARRIES 1 MARK. TOTAL MARKS = 50. NO NEGATIVE MARKS. Please put a circle on correct answer 1. Mr. Anand Kulkarni has demat account in his single name. After marriage, he wishes to add his wifes name in the demat account. Is it possible to add her name? a. No b. Yes c. Only if CDSL permits d. Only if SEBI permits 2. How many demat accounts can an investor open in the depository? a. Unlimited b. Maximum 10 c. Only 1 d. Maximum 25

3. Rajesh, Hema and Anand have opened a joint account. After 6 months, they jointly request DP to delete the name of Hema from the account. Is it possible to delete her name? a. No b. Yes c. Only if permitted by CDSL d. Only if permitted by SEBI 4. What a. b. c. d. is the current Settlement Cycle for securities in India? T+1 T+2 T+3 T+5

5. Can an investor have a part of his holdings in demat form and a part of his holdings in physical certificate form? a. Yes b. No c. Physical holding should be three times of demat form d. Demat holdings should be at least three times of physical holding 6. Is it compulsory for BO to maintain a minimum balance of securities in his demat account? a. Yes b. No, account can have zero balance c. Depends on the depository participant d. Depends on the type of security

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7. Depositories and DPs are functioning as per guidelines / regulations laid down by: a. SEBI b. Reserve Bank of India c. Indian Banks Association d. None of above 8. Is it compulsory to open separate accounts for free securities and lock-in securities? a. No, all types of securities can be held in one account b. Yes c. Only for corporate account d. Only for joint holdings 9. In case of companies falling under the compulsory demat list of SEBI, an investor: a. Can still hold his shares in physical form b. Shall rematerialize only if the number of shares is more than 1000 c. Shall dematerialize compulsorily d. Shall dematerialize if the total value of holding is more than Rs.50,000/10. In the a. b. c. d. ISIN code INE258E01016, International India Intermediary Industry first two characters i.e. IN stand for :

11. If a registered charitable trust wants to open a demat account, it is to be opened : a. In the individual names of the trustees b. In the name of the trust itself c. In the name of the managing trustee d. In the name of the charity commissioner. 12. The relationship between the Issuer and the RTA is that of : a. Principal and Principal b. Principal and Agent c. Agent and Principal d. Agent and Agent 13. When the beneficial owner wants to rematerialize his demat shares, physical certificates will be issued by : a. CDSL b. The Issuer (Company) / RTA c. The Depository Participant d. The concerned broker 14. Can a one-time standing instruction be given to the DP by the BO for debits transactions? a. Yes b. No, for every debit there should be a separate instruction c. If DP Permits d. Only to sole account holders 15. In case of death of one of the joint holders, securities are transferred to the: a. Account of surviving joint holder/s b. Account of the nominee CDSLs Outstation DP Training Test Paper Page 4 of 8

c. Legal heir(s) of the deceased holder d. None of above 16. What a. b. c. d. is the market lot / trading lot of securities in demat form? 1 5 10 100

17. Although there is a SEBI rule of Compulsory Demat, investor can still sell shares in certificate mode through Stock Exchange Broker for a maximum : a. 500 shares b. 200 shares c. 100 shares e. 1000 shares 18. While a. b. c. d. 19. What a. b. c. d. opening Demat account, PAN Card number must be furnished : only if it is a joint account only if it is a corporate account only if it is a HUF account for all types of accounts is the stamp duty payable on the agreement between DP and BO? Depends on the state where DP is operating 30 rupees 10 rupees 200 rupees

20. In Demat account, BO can also deposit money. Is this statement true? a. Yes b. No 21. easi facility allows BO to view/print demat account statement. Is this statement true? a. Yes b. No 22. Can a Demat account be opened in the name of partnership firm? a. Yes b. No 23. Mr. Ramesh has given power of attorney to Mr. Vijay for operating his demat account. Now who can sign the DIS (delivery instruction slips)? a. Only Vijay b. Only Ramesh c. Vijay & Ramesh jointly d. Ramesh or Vijay 24. For converting lock-in securities balance to free balance on expiry date of lock-in, BO has to obtain permission from the company. a. Yes b. No, conversion is automatically done by CDSL system c. Lock-in shares will remain Locked-in permanently d. None of above 25. Which of the following statements is NOT true ? a. CMBPID means demat account number of CM at NSDL DP CDSLs Outstation DP Training Test Paper Page 5 of 8

b. CMBPID of BSE-CM starts with IN6 c. CMBPID of NSE-CM starts with IN5 d. CMBPID contains 16 digits/characters. 26. Depository Participant must preserve the records for a minimum period of: a. 10 years b. 2 years c. 9 months d. 12 months 27. If shares are not delivered to the Clearing House during pay-in, CH purchases shares from the market and delivers to buyer broker. This process is known as: a. Close-out b. Penalty c. Auction d. Trade-to-Trade 28. In case of Off-market & Inter-Depository delivery instructions slip, Debit-Credit will take place : a. only if full quantity mentioned in DIS is available in demat account b. even if part balance is present in the account c. Both A and B 29. Share a. b. c. d. 30. What a. b. c. d. Transfer form (Transfer deed) is required for : Dematerializing share certificate Transferring the ownership of the share certificate Rematerializing shares None of above is transposition-cum-demat? Change in names Change in address Change in the order of names Deletion of one or more names.

31. The job of selling and buying shares on behalf of clients is done by : a. DP b. Broker (CM) c. Reserve Bank of India d. CDSL 32. An account opened by a Bombay Stock Exchange Broker (CM) with CDSL for payin : a. CM Principal Account b. CM Pool Account c. CISA d. Brokers Corporate Account 33. An account opened by a Delhi Stock Exchange Broker (CM) with CDSL for pay-in & pay-out purpose, is known as : a. CM Principal account b. CM Pool account c. DSE Clearing Member account 34. After receiving pay-out credit, brokers must transfer the securities to beneficiary owner accounts within: a. 2 working days or 4 calendar days from the receipt of the securities in the account whichever is later CDSLs Outstation DP Training Test Paper Page 6 of 8

b. 3 working account c. 1 working d. As per his

days or 6 calendar days from the receipt of the securities in the whichever is later day after the pay-out day convenience

35. For rematerialisation of securities : a. part quantity in demat account can be rematerialised b. full balance in the respective ISIN must be rematerialised. c. maximum 100 shares can be rematerialised d. None of the above 36. A pledge request can be created for: a. Only Free securities b. Only Lock-in securities c. Free and lock-in both 37. Who will receive corporate action benefits (dividend, bonus shares, etc.) in case of pledged securities? a. Pledgor b. Pledgee c. Depository d. DP 38. easiest facility allows BO to enter DIS himself and thus need not submit DIS to DP. Is this statement true? a. Yes b. No 39. If the physical share certificates stand in the name of A, B, and C, the shares can be dematerialized with the facility Transposition cum demat in the account standing in the order of: a. A, C, B or A, B, C b. B, C, A or B, A, C c. C, A, B or C, B, A d. Any of the above 40. There is sufficient balance in Demat account. Inter-depository DIS is punched by the DP. Now, debit credit will be done : a. On the next day b. Immediately c. During EOD d. None of above 41. Pledged shares are transferred from Pledgors account to Pledgees account when: a. The pledge request is accepted b. Unpledge request is set up c. Unpledge request is rejected d. Invocation / Confiscation request is executed. 42. An account opened by a BSE-CM with CDSL for the purpose of holding securities received from the Clearing House in pay-out is called: a. CM Principal Account b. CM Pool account c. CISA d. Brokers corporate account 43. Pledgee can be : CDSLs Outstation DP Training Test Paper

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a. b. c. d.

only Nationalised Banks only co-operative Banks only individuals all of above can be pledgee

44. Delivery Instruction Slip is given by the BO to a DP, with future execution date. What is the DP required to do? a. Enter the DIS immediately b. Enter the DIS on the execution date c. refuse to accept the DIS. 45. As per SEBI rules, if Trade day is Monday, BO must submit DIS to DP latest by: a. Tuesday upto 4 p.m. b. Monday upto 6 p.m. c. Wednesday upto 8-30 a.m. 46. Which of the following statements is true? a. Depository receives dividend on the shares held in accounts of investors b. Depository has all the rights and benefits of the company c. Depository does not have voting rights in the Annual Meeting of the company. 47. How many days advance notice is required to be given to the BO in case DP wants to close any BO account? a. 15 days b. 30 days c. 45 days d. 60 days 48. Erroneous transfer of securities from one beneficial owner to another in the following case can be rectified: a. On written request from the President of the Exchange b. On furnishing of indemnity bond by the beneficial owner/ depository participant c. On furnishing of suitable guarantee by the DP d. On written orders from SEBI. 49. Which of the following statement is true : a. BO wants to transfer shares in a demat account of his friend or CM (broker) then delivery instruction slip is a common instrument b. If receiver has a demat account in NSDL, then Inter Depository column in DIS will be used. c. In DIS if On Market column is used then shares are transferred to Clearing House d. All above statements are true 50. Which of the following statement is NOT true ? a. NSE settlement No. 001 will fall on 1st January every year b. BSE settlement No. 001 will fall on 1st January every year c. Settlement No. 42 of BSE will be written as 0910042 d. Settlement No. 182 of NSE will be written as 2009182 **********************

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