This Paper has 46 answerable questions with 0 answered.
| Roll No……… | |
| Time allowed : 3 hours | Maximum marks : 100 |
| Total number of questions : 8 | Total number of printed pages : 3 |
| 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) | Merchant bankers can acquire shares of the company in which they have got professional assignment. | (0) | ||||
| (ii) | A company can use different modes for buy-back of its shares in a single offer. | (0) | ||||
| (iii) | Venture capital is invested in equity securities of new companies promoted by technocrats. | (0) | ||||
| (iv) | No mutual fund scheme shall invest more than 10% of NAV in the equity shares or equity related instruments of one company. | (0) | ||||
| (v) | The placement memorandum is issued for public circulation only. | (0) | ||||
(2 marks each) | ||||||
| (b) | Re–write the following sentences after filling–in the blank spaces with appropriate words(s)/figure(s) : | |||||
| (i) | Financial system covers both ___________ and credit transactions. | (0) | ||||
| (ii) | All certificates in depository are interchangeable and known as _____________. | (0) | ||||
| (iii) | Re–issue of existing government securities having pre–determined yields by the Reserve Bank of India is known as ________________. | (0) | ||||
| (iv) | The circuit breakers bring about a coordinated trading halt in both ____________and derivative markets. | (0) | ||||
| (v) | _____________ are investment trusts, syndicates or similar enterprises that are operated for the purpose of trading commodity futures. | (0) | ||||
(1 mark each) | ||||||
| 2. | (a) | Comment on any three of the following statements : | ||||
| (i) | "A private equity fund is like a hedge fund." | (0) | ||||
| (ii) | "Credit rating is a marketing tool for the companies." | (0) | ||||
| (iii) | "Depository system works very much like a banking system." | (0) | ||||
| (iv) | "Demutualisation of stock exchanges is to convert the traditional stock exchanges into a company." | (0) | ||||
(3 marks each) | ||||||
| (b) | Distinguish between any two of the following : | |||||
| (i) | ‘Public notice’ and ‘public announcement’. | (0) | ||||
| (ii) | ‘Disaster bonds’ and ‘convertible bonds’. | (0) | ||||
| (iii) | ‘Book closure’ and ‘record date’. | (0) | ||||
(3 marks each) | ||||||
| 3. | (a) | Write short notes on any three of the following : | ||||
| (i) | Foreign institutional investors | (0) | ||||
| (ii) | Portfolio manager | (0) | ||||
| (iii) | Trend line | (0) | ||||
| (iv) | Money market mutual funds. | (0) | ||||
(3 marks each) | ||||||
| (b) | Discuss briefly the various investment strategies adopted in option trading. | (0) | ||||
(3 marks) | ||||||
| (c) | Expand the following abbreviations : | |||||
| (i) | UCC | (0) | ||||
| (ii) | CFTC | (0) | ||||
| (iii) | SEFT. | (0) | ||||
(1 mark each) | ||||||
| 4. | (a) | Explain briefly any two of the following terms related to securities market : | ||||
| (i) | Private placement | (0) | ||||
| (ii) | Surveillance at BSE | (0) | ||||
| (iii) | Market making. | (0) | ||||
(2 marks each) | ||||||
| (b) | What is ‘collective investment scheme’? What are the restrictions on their business activities ? | (0) | ||||
(4 marks) | ||||||
| (c) | "A well functioning securities market is conducive to sustained economic growth of a country." Comment and discuss briefly the regulatory framework of securities market in India. | (0) | ||||
(7 marks) | ||||||
| 5. | (a) | Explain the term ‘suspicious transaction report’ under the Prevention of Money Laundering Act, 2002. | (0) | |||
(4 marks) | ||||||
| (b) | What are the obligations of foreign venture capital investor ? | (0) | ||||
(4 marks) | ||||||
| (c) | Discuss briefly the composition, role and responsibilities of an audit committee under clause 49 of the listing agreement. | (0) | ||||
(7 marks) | ||||||
| PART — B |
| (Answer ANY TWO questions from this part.) |
| 6. | (a) | What is ‘applications supported by blocked amount’ (ASBA) ? Briefly explain ASBA process. | (0) | |||
(5 marks) | ||||||
| (b) | Discuss the eligibility criteria and conditions for issue of Indian Depository Receipts (IDRs). | (0) | ||||
(5 marks) | ||||||
| (c) | State briefly the requirements for bidding process related to public issue of equity shares. | (0) | ||||
(5 marks) | ||||||
| (d) | What constitutes debt market in India ? Describe the various investors in the debt market. | (0) | ||||
(5 marks) | ||||||
| 7. | (a) | Elaborate the various steps involved in the issue of rights shares. | (0) | |||
(5 marks) | ||||||
| (b) | What is ‘Stipendiary Ombudsman’? What are his qualifications? | (0) | ||||
(5 marks) | ||||||
| (c) | What is ‘offering circular’? Explain the contents of offering circular for Euro issue. | (0) | ||||
(10 marks) | ||||||
| 8. | Write notes on any five of the following : | |||||
| (i) | Anchor investor | (0) | ||||
| (ii) | Subscription agreement | (0) | ||||
| (iii) | Compulsory delisting | (0) | ||||
| (iv) | Road show in Euro issues | (0) | ||||
| (v) | External commercial borrowings | (0) | ||||
| (vi) | Employees’ Stock Purchase Scheme | (0) | ||||
(4 marks each) | ||||||
