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NISM-Series-VI: Depository Operations Exam Preparation Mock Test with 1500 Question Bank Correct Answer & Detail Explanations
-ABOUT THIS MOCK TEST-
Supercharge Your Preparation for the NISM-Series-VI: Depository Operations Exam! Are you ready to ace your NISM-Series-VI: Depository Operations Certification Examination with flying colors? Look no further! Our meticulously crafted Online Mock Test is here to empower your journey towards success.
Comprehensive Coverage: Our mock test rigorously covers all the Test Objectives & Learning Outcomes outlined by NISM, ensuring you're fully equipped for the exam.
Detailed Explanations: Each question in our mock test is accompanied by correct answers and detailed explanations. Understand the concepts thoroughly and enhance retention through comprehensive explanations.
Chapter-Based Questions: Easily recall relevant concepts with questions categorized by chapter numbers. Instantly identify and reinforce your understanding of key areas related to each chapter.
Strengthen Weak Areas: At the end of each mock test, we provide insights into the Knowledge areas from which the questions were derived. Identify weak areas and focus your efforts on strengthening them for optimal performance.
Dive Deep into Topics: From understanding the intricacies of the Indian Capital Market to mastering special services like Pledge & Hypothecation, Corporate Actions, and more, our mock test delves into every crucial aspect.
Unlock Your Potential: Empower yourself with the knowledge and confidence needed to excel in the Depository Operations Certification Examination. Our mock test is your pathway to success!
Boost Your Confidence: Practice with confidence knowing you're familiar with the legal framework, operational mechanisms, and technology implementations relevant to the Depository Operations landscape.
Don't let this opportunity slip away. Invest in your future success now and embark on your journey towards becoming a certified Depository Operations professional. Unlock your potential with our Online Mock Test!
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NOTE: This Mock Test is part of our printed book with 2000+ Question Bank along with additional learning resources, available on all leading eCom platforms. Visit Author’s website for more information.
BOOK NAME: NISM-Series-VI: Depository Operations Exam Preparation Guide with 2000+ Question Bank 2024
KNOWLEDGE AREA, TEST OBJECTIVES & LEARNING OUTCOMES COVERED IN THIS MOCK TEST
NISM Workbook Version: December 2022 used as reference to develop this Mock Test
1. Introduction to the Indian Capital Market
Capital Market
Regulators
Regulatory Environment
2. Introduction to Depository
Functions of a Depository
Legal Framework of Depositories Operation
Need for a depository system
What is a Depository?
3. Depository and its Business Partners
Clearing Corporation (CC)
Depository Participants
RTAs
4. Functions of Depository Participant-Account Opening
Beneficial Owner Account
Changes in Client Details
Clearing Member Account
Closure of Account
Freezing of Accounts
Implementation of the framework for Accreditation of Investors
Mapping of UCC to demat account of clients
Types of Account
5. Functions of Depository Participant-Account Operations
Internet Based Depository Operations of CDSL
Internet Based Depository Operations of NSDL
Mapping of UCC to demat account of clients
Operations of a Joint Account
6. Functions of Depository Participant-Transmission and Nomination
Nomination for Securities
Transmission of Securities
7. Functions of Depository Participant-Dematerialisation
Conversion of Mutual Fund units
Dematerialisation Process
International Securities Identification Number (ISIN)
Reconversion of Mutual Fund Units
Rematerialisation
8. Functions of Depository Participant-Trading and Settlement
Handling of Clients’ Securities by Trading Members/Clearing Members
Interoperability
Procedure for Subscription and Redemption of Mutual Fund Units
Settlement of Market Transactions
Settlement of Off-Market Transactions
Stamp Duty Rules
9. Special Services – Pledge & Hypothecation
Margin obligations to be given by way of Pledge/ Re-pledge in the Depository System
Procedure for Pledge/Hypothecation
Recording of Non Disposal Undertaking (NDU) in the Depository System
Unilateral Closure (Unpledge) of Pledge
10. Special Services – Public Offering / Corporate Actions
Concept of Corporate Actions
Procedure for Corporate Actions
Public Issue
11. Special Services - Debt Instruments & Government Securities
Certificate of Deposit (CD)
Commercial Paper (CP)
Dematerialisation, settlement and redemption process
Government Securities
12. Foreign Portfolio Investors (FPI)
The concept of Foreign Portfolio Investors
Eligibility criteria for a Foreign Portfolio Investor applying for FPI Registration to a Designated Depository Participant.
Categories of Foreign Portfolio Investor
Eligibility criteria of Designated Depository Participant
Engagement of Designated Depository Participant (DPP)
13. Investor services
Introduction to Redressal of complaints through (SCORES)
Transfer of Shares to Demat Account of IEPF Authority
14. Various Annexures
Process of Aadhar e-KYC of Resident Investors in the Securities Markets under section 11A of the PMLA, 2002
Use of Technology for KYC
Operational Mechanism for Margin Pledge
Who this course is for:
- The examination seeks to create a common minimum knowledge benchmark for associated persons engaged or employed by a registered depository participant in:
- Professionals dealing or interacting with clients
- Professionals dealing with securities of clients
- Professionals handling redressal of investor grievances
- Professionals working with internal control or risk management
- Professionals Dealing with activities having a bearing on operational risk
- Professionals who working with maintenance of books and records pertaining to the above activities
- Employees of Brokerage Firm
- Stock Market Professionals
- Law Officers, Compliance Officer working with a Financial Service Provider
- Mutual Fund Professionals
- Students
- MBA Finance Students
- Law Students
- Any other professionals aspiring to build career in area of Depository Operations
