TRADING Class :12 Total Marks: 150

Q1. A trading member shall be deemed guilty of misconduct if he fails to______ (1)

1. Provide buy and sell recommendation to clients 2. Utilize client?s funds as his own funds

3. Give preference to his own orders to that of his clients? 4. Submit to or abide by Arbitration

Q2. The Order / Trade window in the NEAT system allows the __________ (1)

1. user to enter orders only 2. User to enter/modify/cancel orders 3. User to modify orders only 4. User to cancel orders only.

Q3. _______ allows the user to disclose only a portion of the order quantity to the market (1)

1. An order with a limit price 2. A stop loss order 3. An order with a Disclosed Quantity (DQ) 4. None of the above.

Q4. __________ can modify his own orders or orders of any dealer under his branch (1)

1. A dealer 2. Branch Manager.

3. Any authorized user 4. A sub-broker

Q5. No price bands are applicable on________________? (1)

1. securities traded on the Capital Market Segment of NSE 2. securities which are very liquid

4. securities on which derivative products are

3. securities which are less liquid

available

Q6. All Auction orders are entered into the _________? (1)

1. Auction accumulator book. 2. Auction order matching system

3. Auction trade book 4. Auction order book

Q7. bands for the Limited Physical Market is the same as the _________? (1)

1. Auction market 2. Futures and Options market

3. Normal market 4. Debt Market

 (1)

(1)
Q8. There are ____ Securities Appellate Tribunal(s) in India (1)

1. 3 2. 2

3. 1 4. 6

Q9. If ______ attempts are made by a user to log on with an incorrect password, then that user is automatically disabled.
1. 1 2. 2
3. 3 4. 4
Q10. The user is not allowed to modify any auction orders. True or false?
1. False 2. True, only if they are another user?s orders
3. True, only if the price of the order is above Rs. 500 4. True
Q11. The daily obligation report is downloaded at the ___________to each Clearing Member? (1)
1. Beginning of the trading day 2. End of the month
3. End of the trading day 4. Beginning of the month
Q12. The detailed outstanding orders screen is split into First Line and _________? (1)
1. Second Line. 2. Detail Line.
3. Next Line 4. Following Line
Q13. Benefits of trading membership on the NSE includes access to a nationwide trading facility for equities, derivatives, debt
(1) and hybrid instruments / products. True or false
1. False 2. True
3. True only equity trades 4. True only for derivatives
Q14. One of the Custodial Trade Reports is the ___________ (1)
1. Client Obligation Report 2. Trades Rejected by Custodian Report
3. Clearing Member Report 4. None of the above
Q15. The ___________ feature allows a trading member to get instantaneous market information on any desired security (1)
1. ticker 2. Snap quote
 (1)

(1)
3. Inquiry window 4. All of the above
Q16. SBTS electronically matches order in a strict _______________ (1)
1. c. Price/Time Priority 2. Price/Time/Cost Priority
3. d. Time/Cost Priority 4. None of the above.
Q17. Broker have terminals installed at their Premises which are connected through (1)
1. VSATs 2. Leased lines
3. Modems 4. All of the above
Q18. The main computer runs on a fault tolerant ______ mainframe computer runs in a fault tolerant
1. VSATs 2. STRATUS
3. SBTS 4. None of the above.
Q19. The trading system provides _____________
1. a. Several Time related(IOC) 2. Stop loss or volume related (OA)
3. b. Price- related (BIS limits) 4. All of the above
Q20. OECLOB stands for (
1)
1. a. Open Electronic Consolidated limit order Book 2. b. Open Electronic Considered limit order Book
3. c. Offer Electronic Consolidated limit order Book 4. None of the above.
Q21. Limit orders are orders to Buy/Sell shares at a (
1)
1. a. Stated Quantity and stated Price 2. Active Quantity and Active Price
3. b. Mutual Quantity and mutual Price 4. None of the above.
Q22. The term _____________ refers to the fact that only limit order are stored (
1)
1. Open Book 2. Limit order Book
3. both 1 and 2 4. None of the above.
Q23. The order Book is visible to all market participants it is termed as an (
1)
 (1)

(1)
1. Open Book 2. b. Limit order Book
3. both 1 and 2 4. None of the above.
Q24. The capital market system has ____________ type of markets under NEAT system (
1. 4 2. 3 1)
3. 2 4. 1
Q25. Normal market consist_____ (
1. a. Regular lot order 2. b. Special term order 1)
3. Negotiated order and stop loss order 4. All of the order
Q26. Odd lot market deals for___________ (
1. a. Auction Market 2. Regular Lot 1)
3. b. Limited Physical Market 4. None of the above
Q27. What type of activities the TM carry out before the market open for trading?
1. a. Set up market watch 2. b. Viewing inquiry screen
3. both 1 and 2 4. None
Q28. When market open for trading the TM can?t login the system .A message ____ is displayed
2. b. Market status is changing cannot log out for
1. a. Market status is changing cannot log on for some time
some time
3. c. Market status is changing cannot log on forever 4. NONE
Q29. What type of activities occur during open phase of the market (
1. a. Order Entry , Order Inquiry 2. b. Order modification, order cancellation 1)
3. Order matching , Trade cancellation 4. All of the above
Q30. SURCON stands for___________ (
1. b. Surveillance And Connect 2. a. SURVEILLANCE AND CONTROL 1)
3. Stand And Control 4. None of the above.
Q31. On starting NFAT application , the logon screen appears _______ (
1. User ID 2. Trading Member ID 1)
 (1)

(1)
3. Password/ New Password 4. All of the above
Q32. In case there is a mismatch b/w the user Id and corresponding VSAT id , the message is flashed on the log on screen (
1. a. You are trying to sign on form a different location 2. b. Sign is not allowed 1)
3. both 1 and 2 4. None of the above.
Q33. On invoking the log off screen , what type of option are displayed to the user ___________ (
1. a. Permanent Sign off 2. b. Temporary Sign Off 1)
3. Exit 4. All of the above
Q34. The TWS of the trading member is divided into the following windows (
1. 2 2. 4 1)
3. 6 4. 8
Q35. Title bar shows :- (
1)
1. Display information of all trades 2. Work as tool bar
3. Display trading system name, date & time 4. None of the above.
Q36. The difference b/w the previous close index value and the current index become
1. 1 2. 2
3. 0 4. None of the above.
Q37. This screen allows continuous monitoring of the security that are of specific interest to the users.
1. a. Inquiry Window 2. order /Trade Window
3. b. Market Watch Window 4. All of the above
Q38. Which window shows instantaneous market information on any descried security for a TM. (1)
1. Market Watch Window 2. Snap quote
3. Inquiry Window 4. Order /Trade Window
Q39. In case of more than one CD, CR, CB, CI it shows _________ (
1)
1. C* 2. D*
 (1)

(1)
3. X* 4. R*
Q40. The ?ex? indicator in the market watch screen appear ____________ (
1)
2. Till the end of no delivery period in which the security
1. Till the end of no delivery period in which the security goes ex-benefit goes cum-benefit
3. CUM BENEFITS 4. None of the above.
Q41. The MBP Screen is Split into (
1)
1. First Line 2. Second Line (Detail Line)
3. Summary Line 4. All of the above
Q42. All buyback orders are identified by an ________ in the MBP screen before best five prices (1)
1. + 2. -
3. * 4. #
Q43. special features of MBP_____________ (1)
2. Regular Lot & Special term orders can be viewed in the MBP
1. No untrigged stop loss order will be displayed on the MBP screen.
3. ?P? indicate ?Pre-Open? ,S indicate ?Suspended 4. All of the above
Q44. In previous Trade window, Trades orders are displayed in a _________ chronological order. First all buy trades the all sell
(1)
trades are displayed
1. Reverse 2. straight
3. Forward 4. Backward
Q45. Features of outstanding orders ___
1. User can modify O from OO screen 2. User can cancel O from OO screen
3. User can view status of a Particular order from the outstanding order screen 4. All of the above Q46. The detail AL screen
is split into
1. First Line and Detail Line 2. First Line and summary Line
3. First Line and second Line 4. None of the above.
 (1)

(1)
Q47. ___________ System provide instantaneous market information on a desired security (1)
1. Snap Quote 2. Previous Trade
3. Activity log 4. None of the above.
Q48. The user can save the market movement screen by specifying the directory and file name to save the information. This file
(1) can be viewed in _______ editor.
1. MS-DOS 2. MS-EXCEL
3. MS-EOS 4. MS-SOS
Q49. Write about the status of ?X? displayed for an auction security (1)
1. X- Auction is deleted 2. X- Auction is over
3. X-System is matching the order 4. None of the above.
Q50. The Indices are labeled vertically and the information displayed against each index __________. (1)
1. elaborately 2. horizontally
3. vetically 4. Any of the above
Q51. The purpose of Basket trading is to provide NEAT users with the facility to create _________ order entry file for a selected
(1)
portfolio.
1. off line 2. Real Time
3. Daily 4. Any of the above
Q52. Amount Edit Box __________ (1)
2. Here the user mention whether he wants to buy or
1. Here the user allocate an amount to the portfolio
sell the portfolio
3. A Reverse file with the same name 4. None of the above.
Q53. The amount mentioned in the ?___________? is divided among the securities of the portfolio ,depending on their current (1)
1. Edit Box 2. Amount Edit Box
3. Amount Box 4. Combo Box
 (1)

(1)
Q54. All the orders generated through the offline order file are priced at the available ________
1. Market Price 2. Market Order
3. Market Time 4. Market Value
Q55. Number of shares of security in portfolio= __________
2. Amount * Issued Capital for the Security / Daily
1. Amount * Issued Capital for the Security / Current Portfolio Capitalization
Portfolio Capitalization
3. Amount * Issued Capital for the Security / Base Portfolio Capitalization 4. None of the above.
Q56. Current Portfolio Capitalization____________ (
2. Consolidation [LTP (Previous close if not traded * 1)
1. Summation [LTP (Previous close if not traded * Number of issued shares)]
Number of issued shares)]
3. Both 4. NONE
Q57. Buy back of securities is permitted in secondary market as per SEBI notification dated ___ (
1. 14 Nov, 1998 2. 10 Nov, 1998 1)
3. 4 Nov, 1998 4. None of the above.
Q58. The user of the report Selection Screen (
1. Corporate Manager 2. Branch Manager 1)
3. Dealer 4. both 1 and 2
Q59. The Report that are available to the Trading member in Report selection are (
1. Open order, order log 2. Market Statistics 1)
3. Market Indices 4. All of the above
Q60. The message are filtered as per the selection criteria .the message codes are (
1. a. ALL, AUC,AUI 2. b. LIS ,ORD,OTH 1)
3. SPD,SYS,TRD 4. All of the above
Q61. A facility ______ has been incorporated in the trading software where the user can generate order file in a specific format outside the trading system (
1. Online order entry 2. Offline order entry 1)
 (1)

(1)
3. both 1 and 2 4. NONE
Q62. SUOQL stands for ____________ (
1. Security wise user wise order Quantity limit 2. Security wise user wise Quantity Order limit 1)
3. System wise unit wise order Quantity limit 4. None of the above
 (1)
Q63. Salient feature of SUOQL
1. The CM is allowed to set the SUOQL for buy/Sell order for each security for all the BMs.and 2. A view facility is given to the BM for his own limit and the
Dealers dealer under him.
3. It is possible to modify the SUOQL anytime during trading hours 4. All of the above
Q64. SUOQL bulk upload facility is not available during the (
1)
1. market hours. 2. Trading Hours
3. Real Time 4. Any of the above
Q65. The set value SUOQL is less than (
1)
1. ZERO 2. ONE
3. TWO 4. THREE
Q66. ____________ is used to select the format for printing confirmation slip. (
1)
1. ONE LINE 2. TABULAR LINE
3. ANY OF THE ABOVE 4. NONE
Q67. User order value limit is set up by the new user as (
1)
1. ZERO by Default 2. 10
3. 100 4. None of the above.
Q68. Can we revise the user order value limit during trading hours? (
1)
1. yes 2. No
3. after market hours 4. not during trading hours
Q69. Which facility allow the user to have a drop down list of client codes at the account field (
1. Client maintenance 2. Master maintenance 1)
3. Client master maintenance 4. None of the above.
Q70. The passive order Books are ________ (
1. Regular Lot Book 2. Odd lot Book, RETDEBT Book ,AU order Book 1)
3. Special Term, ST book, NT book 4. All of the above
 (1)
Q71. Quantity freeze parameters are ____ (
1. 0.5% of the issue size of the security 2. Value of the order is around Rs 2.5 Crores 1)
3. A global alert quantity limit of more than
25000 irrespective of the issue size of the
4. All of the above security , les
Q72. Current Breakers on Index are _____ ______
1. 10% 2. 15%
3. 20% 4. Any of the Above
Q73. ___________ is an extension of single order cancellation enabling a user to cancel multiple outstanding in various trading
(1)
books subject to the Corporate Hierarchy
1. a. Quick Order Cancellation 2. Cancel one by One
3. both 4. NONE
Q74. An active buy order matches with best passive sell order If _________ (
1)
1. Price of the Passive sell order is less than at equal to the Price of the active buy order. 2. Price of the Passive sell order is more than at equal to the
Price of the active buy order.
3. Both a & b 4. None of the above.
Q75. An active sell order matches with best passive buy order If ______ (
1)
1. Price of the Passive buy order is less than at equal to the Price of the active sell order. 2. Price of the Passive sell order is more than at equal to the
Price of the active buy order
3. Both a & b 4. NONE
Q76. Regular Lot Matching Works If (
1)
2. The combined quantity of one or more matching orders
1. The combined quantity of one or more matching orders on the opposite sides of the regular
on the opposite sides of the regular lot book is equal to or
lot book is equal to or now then the quantity of active order the active order is completely
now then the quantity of active order the active order is
traded.
Partially traded
3. The order with the IOC attribute try to
match maximum possible quantity often they
4. Any of the above are entered and
 (1)
remaining QT. is cancelled
Q77. Stop loss Price is called __________. (
1. Trigger Price 2. Limit Price 1)
3. Buy/ Sell Order 4. All of the above
Q78. Order matching consist________ (
1. RL matching, AU matching 2. RETDEBT matching, OL order matching 1)
3. SL matching, AU matching 4. All of the above
Q79. The Rules for matching of auctions are similar to that of the RL book except for the following points
1. Auction order matching takes place at the end of the solicitor period for the auction 2. Auction matching takes place only across orders
belonging to the same auction
3. All auction trade take place at the auction price 4. All of the above
Q80. If the participant of any of the order is ?Suspended? the trades does not go through the system perform the (
1. Validation Check 2. Suspension Check 1)
3. Order Matching Check 4. All of the above
Q81. Participants of the auction market (
1)
1. Initiator 2. Competitor
3. Solicitor 4. All of the above
Q82. Which of the following is true (
1)
1. Initiative oppose the solicitor 2. Initiative works parallel to competitive
3. Solicitor and Initiative work in same side 4. None of the above.
Q83. How can we modify the order in auction (
1)
1. As same like RL market (Normal Market) 2. Modification not allowed in AU
3. Modify from the any other market 4. None of the above
Q84. What facility is available in limited physical market (
1)
1. The exchange has provided a facility for such trading in physical share not exceeding 500 2. The exchange has provided a facility for such trading in
shares physical share not less than 500 shares
 (1)
3. both 1 and 2 4. None of the above.
Q85. which of the following is not the feature of Limited Physical Market (
1)
1. Settlement for all trades are done on a TFT basis delivery obligation arise out of each trade
2. Order quantities should not exceed 50 shares
3. Trading Members are required to ensure that shares are duly registered in the name of the
investor(s) before entering orders on their behalf on a trade date 4. None of the above.
Q86. Which is not a Trading Parameter for Retail Debt Market Segment ___________ (
1. Face value ? 100 , lot size -10 2. Tick size -0.05 1)
3. Operating Range +/- 5%- 4. None of the above.
Q87. Which of the following is FALSE about trade cancellation in the NEAT system?
2. Identity of the users are disclosed to keep1. The
counterparty to the trade makes similar request on the same trading day. transparency
3. The user can use trade cancellation screen for
cancelling trades done during the 4. The user can request for trade cancellation from the
day previous trades screen
Q88. Which is the settlement system followed by NSCCL with effect from April 1, 2003? (1)
1. Daily Settlement 2. T+2 rolling settlement
3. Account Period Settlement 4. T+3 rolling settlement
Q89. Which of the following statement/s is TRUE on the NEAT system? (
1)
2. Except for the Limited Physical market, a user
1. Disclosed quantity orders cannot be modified to such a quantity where the disclosed cannot modify an order to a quantity less than the
quantity is greater than the order quantity specified Regular Lot and multiples of Regular Lot.
3. Orders cannot be modified to a quantity
greater than the issued capital for the
4. All of the above security
Q90. Which of the following functions a branch manager can perform on the NEAT system ? (1)
2. The branch manager can view and perform order and
1. The branch manager can receive the End of Day reports for the trading firm
trade related activities for the trading firm
 (1)
3. The branch manager can view and perform order and trade related activities and receive the 4. The branch manager can receive the End of Day reports
End of Day reports for all dealers under that branch of all the branches of the trading firm
Q91. Which of the following statement/s is TRUE on the NEAT system? (
1)
1. Circulars, as and when issued by NSEIL, are available to members on the intranet in their 2. A message is flashed on the NEAT screen when the
respective trading member directory identified by their trading member id. circular is downloaded
3. The circular file is ********.wri where ******** indicates the department and Circular No
4. All of the above
Q92. Which of the following is FALSE about auctions in the NEAT system? (
1)
2. Auction order matching takes place at the end of the
1. All auction orders are entered into the auction order book. solicitor period for the auction.
4. All auction trades take place at the last traded price for
3. Auction matching takes place only across orders belonging to the same auction. that day in the regular lot book in the normal market

Q93. In which book type on the NEAT system, does the user enter Limited Physical orders?
1. SL 2. RL
3. OL 4. PL
Q94. Which of the following statements is FALSE about the NEAT system? (
2. Members can take print of confirmation slips at the 1)
1. The order/trade slips are Confirmation/Modification/Cancellation/Rejection slips. end of the day from the reprint option in the supplementary menu
3. Margin report is generated on-line. 4. The trade and order slips are generated on-line.

Q95. In the event of the user forgetting his password on the NEAT system, the trading member is required to _______. (1)
2. login with a password of another user of the same
1. Reset the password and inform the exchange
trading member
4. inform the Exchange in writing to reset the
3. login with the default password and enter a new password password
Q96. Which of the following statement/s is TRUE about trade cancellation in the NEAT system? (1)
 (1)
2. When a request for the trade cancellation is approved by
the Exchange, the parties to trade receive
1. The trade cancellation request is sent to the Exchange for approval and message to a system message confirming the trade cancellation
that effect is displayed in the message window
and the trade cancellation slip is printed at their respective
trader workstations.
3. If the Exchange rejects the trade
cancellation request, the trade cancellation
4. All of the above rejection slip is printed at
their respective trader workstations.
Q97. Which of the following is/are TRUE about the ticker in the NEAT system? (1)
2. When a request for the trade cancellation
isapproved by the Exchange, the parties to trade receive 1. The user has the option of selecting the securities that should appear in the ticker. a system
message confirming the trade cancellation
and the trade cancellation slip is printed at their respective trader workstations.
3. The ticker displays information about any trade in
the system as and when it takes
4. All of the above place.
Q98. which is not a Feature of Outstanding Orders
2. The user can cancel orders from the outstanding1. The
user can modify orders from the outstanding orders screen. orders screen.
3. The user can view status of a particular order from the
outstanding orders screen.
4. None of the above.

Q99. Which is not a Feature of Order Status ? (

2. The data is presented in chronological order. One 1)
1. It shows all the order details. It also shows the trade details for each trade done line appears for each activity that has taken place
against this order
today
3. The dealer can not view order status of orders entered under that Dealer ID only 4. None of the above.
 (1)
Q100. which is not a Feature of Market Movement ? (
2. The information displayed is from the time the 1)
1. The Market Movement screen provides information to the user regarding the market was opened today and inReverse chronological
movement of a security for the current day on orders/trades done today.
sequence
3. both 4. None of the above.
Q101. This screen is not dynamically updated. It displays the security status of the security selected. ?S? indicates that the
security is suspended, ?P? indicates that the security is in ___________(only for normal market) and in absence of the above indicators the security is open (
for trading. 1)
1. Primary Market 2. Pending
3. Pre Open 4. proposed
Q102. If the base price is manually changed (due to a corporate action) then the market inquiry will not display the new base price in the closing price field. (
1. True 2. False 1)
3. saldom 4. false for deriviatve

Q103. The following are the different status displayed for an auction security. Which is not a part of Auction (
1. S - Auction is in Solicitor Period 2. M - System is matching the orders 1)
3. F - Auction is over 4. X - Auction is on Hold
Q104. Market Capitalization shows in __________ (
1. Millions 2. Trillions 1)
3. Lakhs 4. Crores
Q105. The User then allocates an amount to the portfolio by mentioning the amount in the ?Amount? Edit Box. The amount
(
entered is in lakh and must be less than or equal to _________ lakh.
1)
1. 30 2. 300
3. 3000 4. None of the above.
Q106. M/s. Agre Financial Services, a trading member on the NSE, has a branch order value of Rs. 700 lakh for his Chennai
branch and Rs. 650 lakh for Kolkata branch. Chennai branch has two users ?X? and ?Y? with user order value limits of Rs. 250 lakh and Rs. 300 lakh (
respectively. Kolkata branch has one user ?Z? with user order value limit of Rs. 350 lakh. The member applies for a new user at Chennai. What is the 1)
maximum user order value that can be set for the new user?
1. 150 2. 250
3. 550 4. 750
Q107. Which of the following is not a feature of user order value limit functionality (
2. the corporate manager sets up the user order value limit 1)
as specified/ unlimited, a message ?User order value limit
for user number ? has been set to Rs. . ??.
1. (e) The user order value limit can be revised during trading hours.
lakh/unlimited? is displayed on the message window screen
of the corporate manager, respective Branch Manager and
the concerned user.
3. (c) If a corporate manager sets the
branch order value limit as ?unlimited? then the
4. None of the above user order value
limit can either be set unlimited or a specified limit
Q108. Which is not a features of the SUOQL , functionality are given below (
2. It is possible to modify the SUOQL anytime during 1)
1. A ?view only? facility is given to the BM for his own limit and the dealers under him trading hours and it should not be set less than the
used limit for that security.
4. Modification of set limits for a security is possible
3. The set value is less than zero
multiple times
Q109. The Exchange has implemented index-based market-wide circuit breakers in compulsory rolling settlement with effect from __________ (
1. July 01, 2001 2. July 02, 2001 1)
3. July 03, 2001 4. July 04, 2001
 Q110. In case of a 20% movement of the index, trading shall be halted for the remainder of _____ (
1. till the next instruction given by the NSE 2. the two days 1)
3. the week 4. the day
Q111. Daily price bands are applicable on securities as below_____ (1)

1. (a) Daily price bands of 2% (either way) on securities as specified by the Exchange. 2. (b) Daily price bands of 5% (either way) on

securities as specified by the Exchange

3. (d) No price bands are applicable on scrips on which derivative products are

4. All of the above

available or scrips included in indices on which derivative products are available.

Q112. Time Conditions for Trading (1)

1. DAY 2. IOC

3. LIMIT PRICE 4. both 1 and 2

Q113. What is Pre-open Matching Priority? (1)

2. In case more than one price meets the said criteria,

1. The opening price is determined based on the principle of demand supply

the equilibrium price is the price at which there is

mechanism

minimum unmatched order quantity

3. In case more than one price has same minimum order unmatched quantity, the

4. All of the above

equilibrium price is the price closest to the previous day?s closing price

Q114. what is Matching Priority during Trading? (1)

1. By Price 2. By Time
3. By location 4. both 1 and 2

Q115. The rules for matching of auctions are similar to that of the regular lot book except for the following points: (1)

1. (a) Auction order matching takes place at the end of the solicitor period for the 2. (b) Auction matching takes place only across orders

auction belonging to the same auction

3. (c) All auction trades take place at the auction price 4. All of the above

Q116. The Exchange has introduced a separate trading session for the block trades from ____________ (1)

1. November 11, 2005 2. November 12, 2005

3. November 13, 2005 4. November 14, 2005

Q117. BT is a 35 minute market; i.e. the trading window shall normally remain open from 9:15 hours to 9:50 hours (1)

1. True 2. False
3. True for primary Market 4. True for new issues
Q118. For a block trade, order should be of a minimum quantity of 5,00,000 shares or minimum value of ______crore which ever is
(1)
lower
1. 2 2. 3
3. 4 4. 5
Q119. Currently, market order is not allowed for BL series. Order with special terms such as ?Stop Loss?, ?Disclosed Quantity? is
(1) not available in this session.
1. True 2. True for Option Trading
3. True for primary Market 4. True for new issues
Q120. The backup can be taken during market hours and till approximately __________ after the market close time (1)
1. 30 Minutes 2. 40 Minutes
3. 50 Minutes 4. 1 Hour
Q121. First bhav copy (Interim bhav copy) downloaded approximately minutes after the market close time (1)
1. 30 Minutes 2. 40 Minutes
3. 50 Minutes 4. 20 Minutes
Q122. The second bhav copy (final bhav copy) downloaded 20 minutes after the post close market (1)
1. 30 Minutes 2. 40 Minutes
3. 50 Minutes 4. 20 Minutes
Q123. Only the last _______ bhav copy files are stored in the reports directory (1)
1. 3 2. 4
3. 5 4. 7
Q124. A facility to verify trades is available on the NSE website. Using this facility, an investor who has received a contract note from a trading member of the
Exchange, can check whether the trade has been executed on the Exchange. This facility is (1) available on the NSE website for___________________
1. Capital Market 2. F & O Market
3. RDM 4. All of the above
Q125. ___________ enables investors to place orders with his broker and have control over the information and quotes and to hit
(1) the quote on an on-line basis
1. TFT 2. ORS
3. SBT 4. None of the above.
Q126. NSE was the first stock exchange in India to launch internet trading in early ________ (1)
1. February 2000 2. February 2001
3. February 2002 4. February 2003
Q127. Exchanges internationally are introducing co-location services to support high frequency trading using ____________ and (
____________ 1)
1. Algorithmic Trading (ALGO) 2. Direct Market Access (DMA)
3. both 1 and 2 4. None of the above.
Q128. SEBI has also approved trading through wireless medium on (
1. SBTS 2. WAP Platform. 1)
3. TFT 4. None of the above.
Q129. WAP serves primarily ___________ who are mobile and want to trade from any place when the market prices for stocks at their choice are attractive. (
1. TFT 2. Retail investors 1)
3. WDM 4. COMMODITY

Q130. SBTS provides full anonymity by accepting orders, big or small, from members without revealing their identity, thus providing equal access to (
 everybody 1)
1. True 2. True for Option Trading
3. True for Future 4. All of the above
Q131. The pre-set Market price protection percentage is by default set _____ % of the LTP (
1. 5 2. 7 1)
3. 10 4. 15
Q132. What is the purpose of ?Trade Log? report on the NEAT system? (
1)
2. To show the trades that have only been cancelled or
1. There is no report as ?Trades Log? report. modified orders for the dealers belonging to a trading
member for the current trading day
3. To show the details of the trade related activity by the trading member for a specific 4. To show the trades that was done by the trading
day member for the last seven days
Q133. Activities in the ?Activity Log? screen on the NEAT system are displayed in________. (1)
1. chronological order where within the order number, the details appear with the

2. descending order of order numbers

oldest activity first and the latest last

3. ascending order of order numbers 4. reverse chronological order

Q134. The ?Snap Quote? screen in the NEAT system enables the user to view (1)

1. instantaneous market information on a desired security. 2. best five quotes in the market

3. quotes in the normal market. 4. None of the above

 (1)
Q135. Which of the following is FALSE about auctions in the NEAT system?
2. Auction matching takes place only across orders1. All
auction orders are entered into the auction order book. belonging to the same auction
3. All auction trades take place at the last traded price for
that day in the regular lot 4. Auction order matching takes place at the end of
book in the normal market the solicitor period for the auction
Q136. Member can procure the CTCL Software from - a) Vendors empanelled with NSE b) Non-empanelled Vendors c) Develop

(1)

in-house d) All of the above

1. b 2. a

3. c 4. d

Q137. The corporate action indicator XB on the NEAT system stands for (1)

1. ex-dividend 2. ex-bonus

3. ex-right 4. ex-interest

Q138. What price does a market order take, in case the security has never been traded on the NEAT system? (1)

2. Market orders cannot be entered for a security in

1. The market order gets cancelled by the system which a trade has not taken place
3. The market order takes the value of the base
price and sits in the order book as a
4. None of the above passive order.
Q139. Member A places a buy order for 1000 shares of ABC Ltd. in the NEAT system at 11:22:01 for Rs.155 per share. Member B places a sell order for 2000 shares of
ABC Ltd. at 11:22:02 for Rs.150 per share. Assume that no other orders were available in (1) the system during this time. Whether the trade will take place
and if yes, at what price
1. 1000 shares get traded at Rs. 150 per share. 2. 1000 shares get traded at Rs. 150.50 per share.
3. 1000 shares get traded at Rs. 152.50 per share. 4. 1000 shares will get traded at Rs. 155 per share
Q140. Nifty index drops by 15% at 3:00 pm. Market will be halted ____________ (1)
 (1)
1. by half an hour 2. for remainder of the day
3. for ten minutes 4. for fifteen minutes
Q141. What is FALSE about an outstanding order on the NEAT system? (1)
2. It is a stop loss order that has not yet been triggered in
1. It is an order that has been entered by the user and is partially matched. the market.
4. It is an order that has been entered by the user, but
3. It is an order that has been entered by the user and not yet been traded. which has not yet been completely traded or cancelled.

Q142. Which of the following is FALSE about order cancellation in the NEAT system?
2. The user is allowed to cancel auction initiation and1. Order Cancellation functionality is available for all book types. competitor orders in
auction market
3. Order Cancellation functionality can be performed only for orders which have not 4. Order Cancellation functionality can be performed
been fully or partially traded (for the untraded part of partially traded orders only). during market hours and in pre open period
Q143. When a user logs in for the first time in the trading system of CM segment, he has to enter the default password provided
(1) by the Exchange. What is this default password ?
1. NEAT PASSWORD 2. NEATCM
3. NEATTM 4. MEATFO
Q144. Which of the following statement(s) is/are true pertaining to Mark - to - Market margin ? (1)
1. It is calculated by marking each transaction in security to the closing price of the 2. The margin is collected from the member before the security at the end
of trading. start of the trading of the next day.
3. The MTM margin is collected on the gross open position of the member. 4. All of the above
Q145. A trading member on the NSE, has set the branch order value unlimited for his Chennai branch and Rs. 650 lakh for
Kolkata branch. Chennai branch has two users ?X? and ?Y? with user order value limits of Rs. 250 lakh and Rs. 300 lakh
(1) respectively. Kolkata branch has one user ?Z? with user order value limit of Rs. 350 lakh. The member applies for a new user at Kolkata. What is
the maximum user order value that can be set for the new user?
1. UNLIMITED 2. ZERO
3. 300 Lakh 4. not more than 650 Lakhs
Q146. Who can set Branch Order Value limits on the NEAT system ? (
1)
1. Dealer 2. Corporate manager
 (1)
3. Branch manager 4. None of the above.
Q147. Auction is held in XYZ for 10,000 shares. The closing price of XYZ on that day was Rs.146.00 The last traded price of XYZ
on that day was Rs.141.00 The close price of XYZ last Friday was Rs.142.00 The previous day?s close price of XYZ was Rs.151.00
(1)
What is the maximum allowable price at which the member can put a sell order in the auction for XYZ? (Price band applicable for Auction market is +/-15%)
1. Rs. 167.90 2. Rs. 157.90
3. Rs. 147.90 4. Rs. 173.65
Q148. In case of failure to give delivery in a limited physical market, close out price is ______% over the actual trade price. (1)
1. 20 2. 25
3. 15 4. 30
Q149. Which of the following statements is FALSE about the NEAT system?
2. Orders are matched automatically by the computer
1. All orders placed on NEAT must necessarily result in trades.
keeping the system transparent, objective and fair.
3. All orders received on the system are sorted with the best priced order getting the first 4. Similarly priced orders are sorted on time priority basis.
priority for matching.
Q150. MBP invoking by___________ (
1)
1. F1 2. F3
3. F5 4. F6