# X-gen Certification December 2013

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Quizzes Created: 3 | Total Attempts: 528
Questions: 30 | Attempts: 261

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X-GEN CERTIFICATION DECEMBER 2013

• 1.

### Which of the following is not traded on the NSE?

• A.

Equities

• B.

Bonds

• C.

Futures

• D.

ETFs

C. Futures
Explanation
Futures are traded on the National Stock Exchange (NSE). Equities, bonds, and ETFs are also traded on the NSE. Therefore, the correct answer is Futures.

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• 2.

### One of the following is not a column on the Securities table?

• A.

Reference Price

• B.

Open Quantity

• C.

Bid Depth

• D.

Time In

D. Time In
Explanation
The given answer, "Time In," is not a column on the Securities table. This means that there is no column in the table that represents the time duration for which a security has been held or invested in. The other options, "Reference Price," "Open Quantity," and "Bid Depth," are columns that can be found on the Securities table.

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• 3.

### Trading Account Positions can be seen via which table?

• A.

Trading and Loss Account Table

• B.

• C.

Depository Account TableÂ  Â Â  Â Â  Â Â  Â

• D.

B. Trading Account Table
Explanation
The correct answer is "Trading Account Table." This table is specifically designed to display the positions in a trading account. It provides a comprehensive overview of all the transactions and positions related to trading activities. Other tables mentioned in the options, such as the Trading and Loss Account Table, Depository Account Table, and Trade Events Table, are not specifically designed to display trading account positions.

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• 4.

### In Order Entry, which of these options is not an Order Type?

• A.

Limit

• B.

Market

• C.

Private

• D.

Open

D. Open
Explanation
The option "Open" is not an Order Type in Order Entry. This is because "Open" does not specify a particular type of order, such as Limit, Market, or Private. It is likely that "Open" refers to the status of an order, indicating that it is still active or pending, rather than a specific order type.

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• 5.

### Who can enter transactions during Pre-Open Adjust and Pre-Close Adjust sessions?

• A.

• B.

Market Makers

• C.

Firm Managers

• D.

Compliance Officer

B. Market Makers
Explanation
Market Makers can enter transactions during Pre-Open Adjust and Pre-Close Adjust sessions. Market Makers are individuals or firms that help facilitate trading by providing liquidity to the market. They are responsible for buying and selling securities to maintain an orderly market and ensure that there is enough supply and demand for the securities. Therefore, during the Pre-Open Adjust and Pre-Close Adjust sessions, Market Makers have the ability to enter transactions to adjust the market before it opens or closes.

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• 6.

### Which one of the following columns displays the status of a security?

• A.

Security Board state

• B.

Security Board status

• C.

Security update

• D.

Instrument update

A. Security Board state
Explanation
The column that displays the status of a security is "Security Board state".

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• 7.

### A Market order can only be entered when?

• A.

There are only market orders on the opposite side of the order book

• B.

There are exisiting Limit orders on the opposite side of the book

• C.

There are Trades on the security already

• D.

The opposite side of the order book is empty

B. There are exisiting Limit orders on the opposite side of the book
• 8.

### One of these statements is not correct about a Private Order?

• A.

A minimum Order value is required

• B.

Private Order cannot be viewed on the market

• C.

Private Order can be changed to a Negogiated deal

• D.

Private order can be withdrawn

C. Private Order can be changed to a Negogiated deal
Explanation
A private order can be changed to a negotiated deal, meaning that the terms and conditions of the order can be altered through negotiation between the parties involved. This allows for flexibility and customization in the transaction, ensuring that both parties are satisfied with the final agreement.

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• 9.

### An order quantity must be filled as soon as it becomes available on the market, otherwise the order is cancelled, this order is known as a ?

• A.

FOK

• B.

FAK

• C.

ICC

• D.

ITC

A. FOK
Explanation
The correct answer is FOK (Fill or Kill). In FOK orders, the order must be filled completely as soon as it becomes available on the market. If the entire order cannot be filled immediately, the order is cancelled. This type of order is commonly used when the trader wants to ensure that the entire order is executed at once, without any partial fills.

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• 10.

### Which of these statements is true ?

• A.

Auction takes place at the end of Pre-Open and Close session

• B.

Auction takes place at end of Pre-open Adjust and Close session

• C.

Auction takes place at the end of Close session

• D.

Auction takes at the end of pre-open Adjust and Pre-Close Adjust

D. Auction takes at the end of pre-open Adjust and Pre-Close Adjust
• 11.

### Which of these statements is true about Order Duration ?

• A.

Order duration types available during Pre-open : Session (Good Till Open), Good Till Date and Day

• B.

Order duration types available during Pre-open: Market, Session (Good Till Open), Good Till Date and Day

• C.

Order duration types available during Pre-open: Immediate , Session (Good Till Open), Good Till Date and Day

• D.

Order duration types available during Pre-open: Pre-Close , Session (Good Till Open), Good Till Date and Day

A. Order duration types available during Pre-open : Session (Good Till Open), Good Till Date and Day
Explanation
The correct answer states that the order duration types available during Pre-open are Session (Good Till Open), Good Till Date, and Day. This means that during the Pre-open period, traders can choose to have their orders valid until the market opens (Session), until a specific date (Good Till Date), or for the entire trading day (Day). Other options mentioned in the question, such as Market and Immediate, are not available during the Pre-open period.

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• 12.

### Which of these statements is true about Crossing Orders ?

• A.

Crossing orders are off manual and have to be approved by Market control

• B.

Crossing orders are on manuals and require Market control approval

• C.

Crossing orders are on manual and can be executed outside best market

• D.

Crossing orders are on manual and are matched at best market price

D. Crossing orders are on manual and are matched at best market price
Explanation
Crossing orders are on manual and are matched at the best market price. This means that these orders are not automated and require manual intervention. They are executed at the best available market price, ensuring that the order is filled at the most favorable price at the time of execution.

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• 13.

### Which of these statements is true about Maximum Price Movement ?

• A.

The maximum upward price movement in one day for a security is 10%

• B.

The maximum upward price movement in one day for a security is 10.25%

• C.

The maximum upward price movement in one day for a security is 5%

• D.

The maximum upward price movement in one day for a security is 5.25%

B. The maximum upward price movement in one day for a security is 10.25%
• 14.

### Which of these statements is true about Downward Price Mopvement ?

• A.

The maximum downward price movement in one day for a security is 9%

• B.

The maximum downward price movement in one day for a security is 9.75%

• C.

The maximum downward price movement in one day for a security is 8.75%

• D.

The maximum downward price movement in one day for a security is 10%

B. The maximum downward price movement in one day for a security is 9.75%
Explanation
The correct answer is the statement that says "The maximum downward price movement in one day for a security is 9.75%." This means that the largest decrease in price that can occur in a single day for a security is 9.75%.

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• 15.

### What are the different trading sessions in X-Stream ?

• A.

• B.

Pre-Open, Pre-Open adjust, Continuous Trading, Pre- Close, Pre-Close Adjust, Close

• C.

• D.

• 16.

### When can a market maker enter two way quotes ?

• A.

• B.

• C.

• D.

Explanation
A market maker can enter two-way quotes during the Pre-Open Adjust phase, Continuous Trading phase, and Pre-Close Adjust phase. This means that they can provide both bid and ask prices for a security during these three phases of the market.

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• 17.

### Which fields can be amended in an Open Buy or Sell order ?

• A.

Security, Volume, Price, Account No, Market, Private, Fill Terms, Duration

• B.

Volume, Price, Account No, Market, Private, Fill Terms, Duration

• C.

Price, Account No, Market, Private, Fill Terms, Duration

• D.

Account No, Market, Private, Fill Terms, Duration

B. Volume, Price, Account No, Market, Private, Fill Terms, Duration
Explanation
In an Open Buy or Sell order, the fields that can be amended are Volume, Price, Account No, Market, Private, Fill Terms, and Duration. This means that the trader can make changes to these fields after placing the order, such as adjusting the volume or price, selecting a different account or market, specifying fill terms, or changing the duration of the order.

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• 18.

### A broker can transfer an account position from X-stream trading account table?

• A.

True

• B.

False

B. False
Explanation
A broker cannot transfer an account position from X-stream trading account table. The X-stream trading account table is a database that stores information about trading accounts and their positions. It is used by brokers to manage and track client accounts. However, transferring an account position involves moving the actual assets or holdings from one account to another, which cannot be done directly from the X-stream trading account table. It would require additional actions and processes outside of the table. Therefore, the statement is false.

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• 19.

### In X-stream how are account updated?

• A.

Real time

• B.

End of Day

• C.

Next Day

• D.

60 seconds

A. Real time
Explanation
In X-stream, accounts are updated in real time. This means that any changes or transactions made to an account are immediately reflected and updated in the system. There is no delay or waiting period for the updates to take effect. This ensures that the account information is always up to date and accurate, allowing for efficient and timely processing of transactions.

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• 20.

### A Firm Manager can withdraw order entries from a broker of his firm:

• A.

True

• B.

False

A. True
Explanation
A Firm Manager has the authority and control to withdraw order entries from a broker within his own firm. This means that the manager has the power to cancel or remove any order requests made to the broker on behalf of the firm. This allows the manager to make changes or adjustments to the firm's orders as needed, giving them a level of control and oversight in the trading process.

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• 21.

### X-Stream Pasword contains alpha numeric characters?

• A.

True

• B.

False

A. True
Explanation
The given statement is asking whether X-Stream Password contains alphanumeric characters. Alphanumeric characters refer to a combination of letters and numbers. Since the statement is asking if this is true, it means that X-Stream Password does indeed contain alphanumeric characters.

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• 22.

### When inputting a cross deal a third party confirmation is required?

• A.

True

• B.

False

B. False
Explanation
In a cross deal, two parties within the same organization or group agree to trade with each other. Since they are part of the same entity, there is no need for a third party confirmation. Therefore, the statement that a third party confirmation is required when inputting a cross deal is false.

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• 23.

### Traders can check their positions at any time during the day ?

• A.

True

• B.

False

A. True
Explanation
Traders have the ability to check their positions at any time during the day. This means that they can monitor their investments and assess their performance throughout the trading session, allowing them to make informed decisions based on real-time data. Being able to check positions at any time provides traders with greater flexibility and control over their portfolios, enabling them to react quickly to market changes and adjust their strategies accordingly.

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• 24.

### Market Makers can enter two way quotes during Pre-open ?

• A.

True

• B.

False

B. False
Explanation
Market Makers are not allowed to enter two-way quotes during the Pre-open session. During this session, only indicative prices are displayed, and trading is not allowed. Market Makers can only enter quotes and participate in trading activities during the regular trading hours. Therefore, the statement that Market Makers can enter two-way quotes during Pre-open is false.

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• 25.

### Negotiated deals must be pre-approved by Market control using the standard NSE form available on the website ?

• A.

True

• B.

False

A. True
Explanation
The statement is true because negotiated deals, which are deals made outside of the regular trading system, need to be pre-approved by Market control. This approval process ensures that all negotiated deals adhere to the standard protocols and regulations set by the NSE. The use of the standard NSE form, available on the website, helps to streamline and document the negotiation process, providing transparency and accountability.

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• 26.

### Auctions are scheduled daily at the end of Pre- open adjust and Pre-close adjust trading sessions ?

• A.

True

• B.

False

A. True
Explanation
Auctions are indeed scheduled daily at the end of Pre-open adjust and Pre-close adjust trading sessions. These sessions are conducted by stock exchanges to determine the opening and closing prices of securities. The auction process helps to ensure fair and transparent pricing by allowing market participants to submit their bids and offers. This helps in establishing an equilibrium price for the securities being traded. Therefore, the statement is true.

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• 27.

### A debt security can be price quoted or yield quoted ?

• A.

True

• B.

False

A. True
Explanation
Debt securities can be either price quoted or yield quoted. Price quoting refers to the market price at which the security is currently being traded, while yield quoting refers to the yield or interest rate that the security offers to investors. Both methods provide important information for investors to make informed decisions about buying or selling debt securities. Therefore, it is true that a debt security can be price quoted or yield quoted.

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• 28.

### Firm managers can see all orders entered in their firm ?

• A.

True

• B.

False

A. True
Explanation
Firm managers are typically granted access to view all orders entered in their firm. This allows them to have a comprehensive overview of the orders being processed, monitor the progress, and make informed decisions based on the information available. Having visibility into all orders helps managers ensure smooth operations, track performance, identify any issues or bottlenecks, and take necessary actions to optimize the workflow. Therefore, it is true that firm managers can see all orders entered in their firm.

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• 29.

### A change of price or an increase in quantity of a security will change the priority of the order ?

• A.

True

• B.

False

A. True
Explanation
A change in price or an increase in quantity of a security can affect the priority of an order. When the price of a security changes, it can impact the priority of an order because it may trigger certain conditions or requirements set by the investor or trader. Similarly, an increase in quantity can also change the priority of an order as it may require different execution methods or considerations. Therefore, both a change in price and an increase in quantity can influence the priority of an order.

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• 30.

### Traders cannot see counter - party trade details ?

• A.

True

• B.

False

A. True
Explanation
Traders cannot see counter-party trade details because these details are typically confidential and only accessible to the relevant parties involved in the trade. This is done to protect the privacy and security of the trading parties and to prevent any potential misuse or unauthorized access to sensitive information.

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• Current Version
• Mar 20, 2023
Quiz Edited by
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• Dec 03, 2013
Quiz Created by
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