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266
ROLL NO. ceecirereseenesercsiees
Time allowed : 3 hours Maximum marks ; 100
Total number of questions : 8 Total number of printed pages : 4
PART - A
(Answer Questien No.1 which is compulsory
and any three of the rest from this part)
1. (a) State, with reasons in brief, whether the following statements are true or false :
(i) Every stock broker is required to appoint a compliance officer,
(i) Dated securities are fixed maturity and fixed coupon securities.
(ii) Forcign venture capita) investor means an investor incorporated and established in India.
(iv) Depository is required to frame its bye laws.
(vy) The money market is a wholesale market.
(2 marks each)
(b) Re-write the following sentences after filling-in the blank spaces with appropriate
words(sVfigure(s) :
(i) Money at call is money.
(i) in capital market has always been high on the agenda of SEBI.
(ii) Buy-back of securities is a corporate financial strategy which involves
ivy) To climinate counter party risks, SEB] has advised to set-up cither trade
guarantee fund or seltlement guarantee fund,
(vy) Automated screen based trading of shares on stock exchanges has resulted
into
(1 mark each)
2. (a) What do you understand by āparticipatory notesā ? Briefly explain the disadvantages associated
with the issuance of participatory notes.
(3 marks)
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(b) Distinguish between any three of the following :
@ āPerpetual debentureā and ābearer debentureā.
(i) āCut-off yieldā and ācut-off priceā.
Gil) āStraight through processingā (STP) and ādirect market accessā (DMA).
dy) āForwardā and āfuturesā,
(2 marks each}
{c) Explain the following terms related to capital market :
@ Cash transaction report
Gi) ā Suspicious transaction report.
(2 marks each)
3. (a) Write short notes on the following :
(i) Venture capital funds
{i) Offshore hedge funds
qi Derivativesā contracts
(ty) Collective investinent schemes.
BB
2 marks each)
(b) Expand the following abbreviations :
(i) SMILE
(i) = NDIL
(i) CFDS.
(1 mark each)
(c) Discuss briefly the different surveillance systems adopted by stock exchanges.
(4 marks)
4, (a) Explain the following terms related to buy-back of securities :
a) Letter of offer
(i) = Specified date.
(2 marks each)
(b) Ā° List out various money market instruments.
(5 marks)
(c} What is āshort sellingā ? Discuss the mechanism of securities lending and borrowing scheme
(SLBS).
(6 marks)
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