This Paper has 48 answerable questions with 0 answered.
| Roll No……… | |
| Time allowed : 3 hours | Maximum marks : 100 |
| Total number of questions : 8 | Total number of printed pages : 2 |
| PART — A |
| (Answer Question 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) | Cumulative convertible preference shares are not hybrid instruments. | (0) | ||||
| (ii) | Equity linked saving schemes have lock–in–period of five years. | (0) | ||||
| (iii) | A depository is an organisation like Reserve Bank of India. | (0) | ||||
| (iv) | In basket trading system, investor buys or sells all the fifty scrips in one go. | (0) | ||||
| (v) | Hedge funds employ their funds for speculative trading. | (0) | ||||
| (2 marks each) | ||||||
| (b) | Re–write the following sentences after filling–in the blank spaces with appropriate word(s)/figure(s) : | |||||
| (i) | Direct and indirect control of virtually all aspects of securities trading is provided by _________. | (0) | ||||
| (ii) | Tracking stock is a type of common stock that ‘tracks’ depending on_________. | (0) | ||||
| (iii) | CAMEL model encompasses_________. | (0) | ||||
| (iv) | As per SEBI regulations, capital adequacy requirement for merchant banker shall be a net-worth of not less than Rs._______. | (0) | ||||
| (v) | _________are imposed on the scrip which witness abnormal price/volume movements. | (0) | ||||
| (1 mark each) | ||||||
| 2. | (a) | Write short notes on the following: | ||||
| (i) | Corporate restructuring | (0) | ||||
| (ii) | Trade to trade | (0) | ||||
| (iii) | Margin trading | (0) | ||||
| (iv) | Securities Appellate Tribunal. | (0) | ||||
| (2 marks each) | ||||||
| (b) | Expand the following abbreviations: | |||||
| (i) | DVP | (0) | ||||
| (ii) | EDIFAR | (0) | ||||
| (iii) | OMO. | (0) | ||||
| (1 mark each) | ||||||
| (c) | What are the ‘real estate mutual fund’ schemes? Explain their features. | (0) | ||||
| (4 marks) | ||||||
| 3. | (a) | Explain any two of the following terms in relation to securities reforms and developments in our country: | ||||
| (i) | Corporate governance | (0) | ||||
| (ii) | Financial disclosures | (0) | ||||
| (iii) | Rolling settlement. | (0) | ||||
| (3 marks each) | ||||||
| (b) | Write a note on ‘treasury bills’. | (0) | ||||
| (5 marks) | ||||||
| (c) | Explain briefly the following: | |||||
| (i) | BOLT | (0) | ||||
| (ii) | NEAT. | (0) | ||||
| (2 marks each) | ||||||
| 4. | (a) | Distinguish between any two of the following : | ||||
| (i) | ‘Naked debentures’ and ‘secured debentures’. | (0) | ||||
| (ii) | ‘Industrial revenue bonds’ and ‘commodity bonds’. | (0) | ||||
| (iii) | ‘Indexed rate notes’ and ‘extendable notes’. | (0) | ||||
| (3 marks each) | ||||||
| (b) | Describe briefly the risks involved in mutual funds. | (0) | ||||
| (4 marks) | ||||||
| (c) | What do you mean by ‘dematerialisation of securities’? State its benefits. | (0) | ||||
| (5 marks) | ||||||
| 5. | (a) | Discuss the various functions of ‘price monitoring’. | (0) | |||
| (5 marks) | ||||||
| (b) | State the procedure for buy–back of securities through stock exchange. | (0) | ||||
| (5 marks) | ||||||
| (c) | Discuss the norms for registration of portfolio managers with the Securities and Exchange Board of India (SEBI). | (0) | ||||
| (5 marks) | ||||||
| PART — B |
| (Answer ANY TWO questions from this part.) |
| 6. | (a) | Explain the meaning of any two of the following in the context of international capital market: | ||||
| (i) | Domestic custodian bank | (0) | ||||
| (ii) | Global depository receipts. | (0) | ||||
| (iii) | Overseas depository bank. | (0) | ||||
| (3 marks each) | ||||||
| (b) | What are the conditions for ‘voluntary delisting of securities’? | (0) | ||||
| (4 marks) | ||||||
| (c) | "In issuance of GDRs/FCCBs, pre–marketing exercise is a tool through which the syndicate members evaluate the prospects of the issue." Comment. | (0) | ||||
| (5 marks) | ||||||
| (d) | Who can access ‘external commercial borrowings’ (ECBs) under automatic route as per Reserve Bank of India? | (0) | ||||
| (5 marks) | ||||||
| 7. | (a) | Discuss briefly the provisions of the SEBI (Prohibition of Fraudulent and Unfair Practices Relating to Securities Market) Regulations, 1995 related to – | ||||
| (i) | Misleading statements; | (0) | ||||
| (ii) | Market manipulations; | (0) | ||||
| (iii) | Dealings in securities; and | (0) | ||||
| (iv) | Prohibition on certain dealings in securities. | (0) | ||||
| (10 marks) | ||||||
| (b) | What are the common grievances of investors in India ? State the authorities which can be approached by an investor for redressal of these grievances. | (0) | ||||
| (10 marks) | ||||||
| 8. | Attempt any four of the following : | |||||
| (i) | "PAN has to be the sole identifier number for all transactions in the securities market." Comment. | (0) | ||||
| (5 marks) | ||||||
| (ii) | State the activities stipulated under the Investor Education and Protection Fund (Awareness and Protection of Investors) Rules, 2001. | (0) | ||||
| (5 marks) | ||||||
| (iii) | Explain the regulatory framework of debt market in India. | (0) | ||||
| (5 marks) | ||||||
| (iv) | What is the lock–in–period requirement for promoters’ contribution ? | (0) | ||||
| (5 marks) | ||||||
| (v) | What are the rights of securities-holders in case of compulsory delisting of securities? | (0) | ||||
| (5 marks) | ||||||
