[Oct 22, 2026] NISM-Series-VII Ultimate Study Guide – TrainingDump [Q134-Q153]

QUESTION 134
For which specific category of clients is the ‘Block Mechanism’ in the demat account for sale transactions explicitly applicable?

QUESTION 135
In the context of Back Office Operations, specifically regarding ‘Trade Enrichment’, which of the following best describes the process that occurs automatically after trade execution to prepare for clearing and settlement?

QUESTION 136
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?

QUESTION 137
To facilitate members in meeting their pay-in obligations for a subsequent settlement on a day with multiple settlements due to holidays, what specific requirement is imposed on Depositories regarding inter-depository transfers?

QUESTION 138
In the context of ‘Network Security’ for Internet Based Trading systems, specific measures are mandatory to protect the exchange connectivity. Which of the following accurately describes the requirement regarding Firewalls and Server Access?

QUESTION 139
When the obligations arising out of the cash segment settlement and physical settlement of the F&O segment are settled on a net basis, how are the Securities Transaction Tax (STT) and Stamp Duty treated?

QUESTION 140
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’?

QUESTION 141
A stock broker executes multiple trades for a client throughout the day in various securities. According to the clearing process regarding the balancing of client accounts within the broker’s firm, how is the final obligation handled?

QUESTION 142
To provide depository services to investors, a stock broker or trading member must register as a Depository Participant (DP). Under which specific legislative framework is this registration mandated and governed?

QUESTION 143
When handling ‘Trade Allocation’ for institutional clients in the back office, how is a single order placed with the Custodial Participant code ‘INST’ processed?

QUESTION 144
In the context of Market Participants, which of the following statements accurately characterizes the regulatory status and operational scope of a ‘Custodian’ in the securities market?

QUESTION 145
Which specific regulation defines a ‘Clearing Corporation’ as an entity established to undertake the activity of clearing and settlement of trades in securities or other instruments dealt on a recognized stock exchange?

QUESTION 146
To ensure visibility of client collateral and prevent misuse, SEBI mandated a reporting mechanism. How is the disaggregated collateral information reported up the chain to the Clearing Corporation?

QUESTION 147
If an auction seller, who participated to fulfill a short delivery, fails to deliver the securities on the auction pay-in day, the deal is closed out. What is the specific pricing formula used to charge the defaulting auction seller in this instance?

QUESTION 148
Which of the following guidelines are mandated to enable smooth settlement processes and help Clearing Corporations meet obligations in case of holidays? (Select all that apply)

QUESTION 149
In the T+1 rolling settlement cycle for institutional trades involving a Custodian, what is the specific deadline for the ‘Obligation Transfer Request (OTR)’ for trades where the ‘INST’ code was used?

QUESTION 150
Regarding the contributions to the Core Settlement Guarantee Fund (Core SGF), which of the following statements accurately reflects the regulatory requirements for Clearing Members (CMS) and the Clearing Corporation (CC)?

QUESTION 151
A stock broker intends to expand their business scope by offering Portfolio Management Services (PMS) and functioning as a Depository Participant. According to the regulatory framework for ‘Other Services Provided by Brokers’, which of the following statements accurately reflects the registration requirement for these additional services?

QUESTION 152
In the context of a stock broker’s Middle Office operations, which of the following scenarios best illustrates the manifestation of Credit Risk as defined in the risk management framework?

QUESTION 153
Under what specific circumstance is a broker or client strictly **prohibited** from unblocking securities that have been blocked in favour of the Clearing Corporation?