Ncfm - 2

11 Questions | Total Attempts: 67

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Cash Quizzes & Trivia

NCFM - 2 CASH


Questions and Answers
  • 1. 
    What is the purpose of 'Index Trading' functionality?
    • A. 

      'Index trading' facility not available

    • B. 

      The purpose of 'Index Trading' is to provide NEAT users with a facility of buying and selling of indices, in terms of securities that comprises the CNX NIFTY Index.

  • 2. 
    A trading member on the NSE, has set the branch order value unlimited for his Chennai branch and Rs. 950 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. 650 lakh. The member applies for a new user at Chennai. What is the maximum user order value that can be set for the new user?
    • A. 

      250 lakh

    • B. 

      900 lakh

    • C. 

      Unlimited

  • 3. 
    When can an order be modified in the NEAT system?
    • A. 

      All orders can be modified in the system during market hours till the time they do not get fully traded.

    • B. 

      All orders can be modified only after market hours.

  • 4. 
    All orders that have not been fully or partially traded can be cancelled during market hours.
    • A. 

      True

    • B. 

      False

  • 5. 
    In case a regular lot order does not find a match, it gets rejected by the system.
    • A. 

      True

    • B. 

      False

  • 6. 
    The corporate manager/branch manager can modify order details in excess of the branch order value limit set for the day.
    • A. 

      True

    • B. 

      False

  • 7. 
    The user is allowed to cancel auction initiation and competitor orders in auction market.
    • A. 

      True

    • B. 

      False

  • 8. 
    Quick order cancellation can not be done during market hours.
    • A. 

      True

    • B. 

      False

  • 9. 
    Order entry can be carried out in RETDEBT market by selecting____in the book type field.
    • A. 

      RT

    • B. 

      RD

    • C. 

      RDB

  • 10. 
    In which book type on the NEAT system, does the user enter Limited Physical orders?
    • A. 

      OL

    • B. 

      LP

    • C. 

      LPH

  • 11. 
    The user can trade in Limited Physical market with book type 'OL' and has to specify order quantity more than 500 shares.
    • A. 

      True

    • B. 

      False