3 Month Ro Training Test - T+7 & Dpc

Approved & Edited by ProProfs Editorial Team
The editorial team at ProProfs Quizzes consists of a select group of subject experts, trivia writers, and quiz masters who have authored over 10,000 quizzes taken by more than 100 million users. This team includes our in-house seasoned quiz moderators and subject matter experts. Our editorial experts, spread across the world, are rigorously trained using our comprehensive guidelines to ensure that you receive the highest quality quizzes.
Learn about Our Editorial Process
| By Ventura Securities
V
Ventura Securities
Community Contributor
Quizzes Created: 4 | Total Attempts: 15,570
Questions: 10 | Attempts: 1,150

SettingsSettingsSettings
Training Quizzes & Trivia

Questions and Answers
  • 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

    Correct Answer
    B. X + 7 trading days
    Explanation
    If the client buys shares using exposure on Day X, his shares will be squared off on Day X + 7 trading days. This means that the client will have 7 trading days to hold the shares before they are automatically sold.

    Rate this question:

  • 2. 

    Within how many days it is compulsory to change the password

    • A.

      10

    • B.

      15

    • C.

      20

    • D.

      31

    Correct Answer
    B. 15
    Explanation
    It is compulsory to change the password within 15 days. This is likely because using the same password for an extended period of time increases the risk of it being compromised. Changing the password regularly helps to enhance security and protect against unauthorized access to personal or sensitive information.

    Rate this question:

  • 3. 

    A client has bought shares using exposure on Tuesday, when does DPC start ?

    • A.

      The same day

    • B.

      Thursday

    • C.

      Wednesday

    • D.

      Friday

    Correct Answer
    B. Thursday
    Explanation
    The DPC (Delivery versus Payment) process typically starts on the next trading day after the shares are bought. In this case, the client bought shares on Tuesday, so the DPC would start on the next trading day, which is Thursday.

    Rate this question:

  • 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

    Correct Answer
    B. Next Tuesday
    Explanation
    If the client has purchased stock using exposure on Friday, T+7 days would mean the transaction is settled 7 days after the trade date. Since the trade was done on Friday, the next Tuesday would be T+7 days.

    Rate this question:

  • 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

    Correct Answer
    B. False
    Explanation
    The client will not be charged DPC (Delivery Plus Charges) because they have made the payment on Thursday, which is within the T+2 settlement cycle. DPC is charged when the client fails to make the payment within the stipulated time, resulting in the shares being delivered to them in an auction market. Since the client has made the payment on time, they will not incur any additional charges.

    Rate this question:

  • 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

    Correct Answer
    D. Next Friday
    Explanation
    If the client purchases shares on Wednesday, the shares will be squared off on the next Friday. This implies that the client will hold the shares for two trading days, Thursday and Friday, before they are squared off.

    Rate this question:

  • 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

    Correct Answer
    B. 10
    Explanation
    The client will be charged for 10 days of DPC. This is because the client bought the shares on 20th July 2016 and sold them on 28th July 2016, which is a total of 9 days. However, DPC charges are typically calculated including both the buy and sell dates, so the client will be charged for 10 days in total.

    Rate this question:

  • 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

    Correct Answer
    C. 18% per annum
    Explanation
    The correct answer is 18% per annum. This means that the interest charged to clients is 18% of the principal amount on an annual basis. This is a common way for financial institutions to calculate and charge interest on loans or investments. It is important to note that the other options, such as 18% per month or per day, would result in significantly higher interest charges over time.

    Rate this question:

  • 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

    Correct Answer
    B. Wednesday
    Explanation
    The DPC for a client started on Friday, which means that the client had the opportunity to buy shares using Exposure after the DPC. Since Monday is the first business day after Friday, it is not possible for the client to have bought the shares on Monday. Similarly, Tuesday is the second business day after Friday, so it is also not possible for the client to have bought the shares on Tuesday. Thursday is the fourth business day after Friday, which is too late for the client to have bought the shares. Therefore, the only remaining option is Wednesday, which is the third business day after Friday and the correct answer.

    Rate this question:

  • 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

    Correct Answer
    D. Monday
    Explanation
    The client will receive the stocks in his demat account on Monday. Typically, it takes two business days for the settlement of stock transactions in most markets. Since the client bought the stocks on Thursday, the two business days would be Friday and Monday. Therefore, the stocks will be received in his demat account on Monday.

    Rate this question:

Quiz Review Timeline +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Aug 31, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Dec 21, 2014
    Quiz Created by
    Ventura Securities
Back to Top Back to top
Advertisement
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.