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Post Graduate Diploma in Securities

Paper – I Introduction to the Concept OF Capital Market and Securities

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1. The term Securities includes -
a) units of collective investment scheme
b) coins

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c) plastic currencies
d) negotiable instruments

a) 2
b) 3
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2. Securities Market has ____ categories of participants
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c) 4
d) 5
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3. Securities market is a link between

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a) Company and employees

b) Shareholders and Debenture holders
c) investment and savings
d) investors and liquidity
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4. In the Options Market securities are traded

a) for conditional future delivery
b) immediately by the investors
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c) previously in stock market

d) for exchange of other securities
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5. A Put option permits the owner to sell a security to the writer of the
option at
a) pre-determined price
b) current price

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c) market price
d) future price

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6. In call option, purchaser has a right when to

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a) Call
b) Put

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c) Sell
d) exchange securities

7. Secondary market comprises of _______________ platform for

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purchase and sale of securities
a) Stakeholders
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b) commodities
c) Merchant bankers
d) stock exchanges
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8. Stock Exchange was started in the ___________ when securities of the

East India Company were traded in Mumbai & Kolkata
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a) 17th century
b) 18th century
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c) 19th century
d) 20th century
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9. In Spot market securities are traded for __________ delivery and

payments
a) past
b) future

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c) immediate
d) optional

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10.Merchant bankers, brokers etc bring the suppliers of ________ and

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suppliers of _______ together for a variety of transactions
a) Borrowers, Lenders

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b) Shares, Depository Participants
c) funds, securities
d) commodities and MCX exchange

Answer key
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1. a 2. b 3. c 4. a 5. a

6. a 7. d 8. b 9. c 10. c
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Paper II – Securities Laws

MCQS:

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1. Under FEMA which of the following Exports don’t require furnishing

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declaration
B. Goods and Software value of $35,000
C. Gift of Goods of value of more than Rs. 6,00,000

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D. Aircraft repair send abroad re-import 8 months
E. Trade sample of goods and publicity material supplied free of
payment.

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1. Under FEMA when value of export is not ascertainable at the time of
export such export value shall be.
A. Cost of Production
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B. Value as given by Authorized Dealer
C. Prevailing Market Price
D. Value as specified by RBI
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2. Under FEMA can a exporter refund the amount which unused when the
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exporter fails to ship the goods after period of 1 year?

A. Yes, with approval of Central Government
B. NO
C. Yes, only with approval of RBI
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D. Yes, without any approval.

3. A person shall surrender Unused portion of Foreign Exchange within

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_____ from the date of its acquisition to an authorized person.

A. 120 days
B. 60 days
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C. 30 days
D. 100 days

4. A Person Resident in India is permitted to retain aggregate foreign

currency only up to ____
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A. $5,000
B. $50,000
C. Rs. 10,000
D. $2,000

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5. Under Securities Contract Regulation Act, 1956 an appeal to Supreme

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court can be filed only if:___
A. The Party is aggrieved by the order of SAT
B. There is a question of Law arising out of such order

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C. The order is not in favour of the Appellant
D. The order is not in the interest of the Public at large.

with:-
A. SEBI
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6. The Power to Supersede the Governing Body of Stock Exchange is vested
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B. Central Government
C. Representative appointed by Central Government
D. ROC
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7. The Securities and Exchange Board of India is established in ____

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A. 1992
B. 1956
C. 1988
D. 1993
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8. The securities contract regulation Act has given certain powers to _____
A. Central Government
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B. SEBI
C. RBI
D. Stock Exchange
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9. The Presiding officer or every Judicial or Technical Member of the

Securities Appellate Tribunal shall hold office for the term of ____
A. 3 years
B. 5 years
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C. 4 years
D. 10 years

Answer key

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1. D 2. C 3. C 4. B

5. D 6. B 7. B 8. A

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9. A 10. B

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(Paper III) - INTERNATIONAL LEGAL ORDER WITH REFERENCE TO SECURITIES

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MCQS:

1. Private Securities Litigation Reform Act,1995 was enacted in the U.S to

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a) Prevent frivolous securities law suits

b) To prevent take over litigation
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c) To prosecute fraudulent market practices in the securities market

d) To prevent and prosecute those involved in market abuse.
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2. “ Blue Sky Laws” refers to

a) State laws to prevent market abuse
b) Federal law to prevent takeover.
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c) Federal law to prevent fraudulent public offering

d) Laws relating to investment trusts and mutual funds.

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3. Punishments for insider trading offences in UK are dealt with under
a) The Criminal Justice Act
b) The Dodd Frank Act

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c) Financial Services and Markets Act
d) The Companies Act, 2006

4. FINRA regulates
a) Banks
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b) Bond Issues
c) Securities Brokers
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d) Insurance Funds
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5. The Securities Market in UK is regulated by

a) Prudential Regulation Authority
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b) Financial Conduct Authority

c) Securities Exchange Commission
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d) Financial Services Authority

6. Chinese ‘A’ shares can be traded only by

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a) Chinese citizens
b) Chinese citizens and all international investors
c) Residents of Hong Kong
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d) Approved institutional investors of Mainland China

7. The (Stock) Act, 2012 prevents

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a) Members of the US Congress or congressional staff from acquiring shares on
non-public

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information.
b) Directors of companies from acting on non-public information

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c) Managers of Mutual funds from acting on non-public information
d) Directors of Investment Trusts from acting on non-public information

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8. The Takeover approvals in the UK is decided according to the
a) The City Code
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b) Prudential Regulation Authority
c) Office of Fair Trading
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d) EU Commission
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9. “Poison Pills” to ward off a takeover is to be found in the

a) The UK Companies Act, 2006
b) The US federal securities law
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c) The Delaware Company Code

d) The EU Code for takeovers
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10. The Williams Act,1968 deals with

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a) The accounting fraud in companies

b) Take over regulations
c) Market abuse
d) Insider Trading.
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Answer - Key.
1. a 2. a 3. A 4. c 5. b

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6.a 7. a 8. a 9. c 10. b

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