3 Month Ro Training Test - T+7 & Dpc

10 Questions | By Imm0rtal_sinner | Updated: Oct 6, 2022 | Attempts: 1150

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1.

If the client buys shares using exposure on Day X. His shares will be squared off on the ______ day?
- A.
  
  X + 5 trading days
- B.
  
  X + 7 trading days
- C.
  
  X + 3 trading days
- D.
  
  X + 2 trading days
2.

Within how many days it is compulsory to change the password
- A.
  
  10
- B.
  
  15
- C.
  
  20
- D.
  
  31
3.

A client has bought shares using exposure on Tuesday, when does DPC start ?
- A.
  
  The same day
- B.
  
  Thursday
- C.
  
  Wednesday
- D.
  
  Friday
4.

If the Client has purchased stock using exposure on Friday. Calculate T+7 days.
- A.
  
  Next Monday
- B.
  
  Next Tuesday
- C.
  
  Tuesday
- D.
  
  Monday
5.

A client has bought shares on wednesday using Exposure and made the payment on thursday. Yes, the client be charged DPC
- A.
  
  True
- B.
  
  False
6.

If the client purchases shares on wednesday, when will the shares be squared off ?
- A.
  
  Next Monday
- B.
  
  Next Wednesday
- C.
  
  Next Thursday
- D.
  
  Next Friday
7.

How many days of DPC will be charegd to a client if he/she has bought shares on 20th July 2016 and sold it on 28th July 2016?
- A.
  
  12
- B.
  
  10
- C.
  
  9
- D.
  
  2
8.

How much Interest to we charge our clients?
- A.
  
  18% per month
- B.
  
  18% per day
- C.
  
  18% per annum
- D.
  
  16% per annum
9.

The DPC for a client has started on friday. When has the client bought the shares using Exposure?
- A.
  
  Monday
- B.
  
  Wednesday
- C.
  
  Thursday
- D.
  
  Tuesday
10.

A client has bought stocks on Thursday morning 10.00 am, he has paid fully for the stocks. On which day will he receive the stocks in his demat account?
- A.
  
  Tuesday
- B.
  
  Friday
- C.
  
  The same day
- D.
  
  Monday