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 : 4 |
| 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) | Every stock broker is required to appoint a compliance officer. | (0) | ||||
| (ii) | Dated securities are fixed maturity and fixed coupon securities. | (0) | ||||
| (iii) | Foreign venture capital investor means an investor incorporated and established in India. | (0) | ||||
| (iv) | Depository is required to frame its bye laws. | (0) | ||||
| (v) | The money market is a wholesale market. | (0) | ||||
(2 marks each) | ||||||
| (b) | Re–write the following sentences after filling–in the blank spaces with appropriate words(s)!figure(s) : | |||||
| (i) | Money at call is_____________money. | (0) | ||||
| (ii) | _________________in capital market has always been high on the agenda of SEBI. | (0) | ||||
| (iii) | Buy–back of securities is a corporate financial strategy which involves____________. | (0) | ||||
| (iv) | To eliminate counter party risks, SEBI has advised ____________ to set–up either trade guarantee fund or settlement guarantee fund. | (0) | ||||
| (v) | Automated screen based trading of shares on stock exchanges has resulted into____________. | (0) | ||||
(1 mark each ) | ||||||
| 2. | (a) | What do you understand by ‘participatory notes’ ? Briefly explain the disadvantages associated with the issuance of participatory notes. | (0) | |||
(5 marks ) | ||||||
| (b) | Distinguish between any three of the following : | |||||
| (i) | ‘Perpetual debenture’ and ‘bearer debenture’. | (0) | ||||
| (ii) | ‘Cut‐off yield’ and ‘cut–off price’. | (0) | ||||
| (iii) | ‘Straight through processing’ (STP) and ‘direct market access’ (DMA). | (0) | ||||
| (iv) | ‘Forward’ and ‘futures’. | (0) | ||||
(2 marks each) | ||||||
| (c) | Explain the following terms related to capital market : | |||||
| (i) | Cash transaction report | (0) | ||||
| (ii) | Suspicious transaction report. | (0) | ||||
(2 marks each ) | ||||||
| 3. | (a) | Write short notes on the following : | ||||
| (i) | Venture capital funds | (0) | ||||
| (ii) | Offshore hedge funds | (0) | ||||
| (iii) | Derivatives’ contracts | (0) | ||||
| (iv) | Collective investment schemes. | (0) | ||||
(2 marks each) | ||||||
| (b) | Expand the following abbreviations : | |||||
| (i) | SMILE | (0) | ||||
| (ii) | NDTL | (0) | ||||
| (iii) | CFDS | (0) | ||||
(1 mark each ) | ||||||
| (c) | Discuss briefly the different surveillance systems adopted by stock exchanges. | (0) | ||||
(4 marks ) | ||||||
| 4. | (a) | Explain the following terms related to buy–back of securities: | ||||
| (i) | Letter of offer | (0) | ||||
| (ii) | Specified date. | (0) | ||||
(2 marks each) | ||||||
| (b) | List out various money market instruments. | (0) | ||||
(5 marks ) | ||||||
| (c) | What is ‘short selling’ ? Discuss the mechanism of securities lending and borrowing scheme (SLBS). | (0) | ||||
(6 marks ) | ||||||
| 5. | (a) | Explain briefly the various factors for judging the efficiency of mutual funds. | (0) | |||
(4 marks ) | ||||||
| (b) | Discuss briefly the obligations and responsibilities of bankers to an issue. | (0) | ||||
(5 marks ) | ||||||
| (c) | What is Securities Appellate Tribunal (SAT) ? Explain the procedure for appeal to SAT. | (0) | ||||
(6 marks ) | ||||||
| PART — B |
| (Answer ANY TWO questions from this part.) |
| 6. | (a) | What is ‘parking’ of external commercial borrowings (ECB) proceeds ? | (0) | |||
(5 marks ) | ||||||
| (b) | What are the conditions for issue of Indian Depository Receipts (IDRs) ? | (0) | ||||
(5 marks ) | ||||||
| (c) | Briefly explain the following terms related to public issue : | |||||
| (i) | Pre–issue advertisement | (0) | ||||
| (ii) | Anchor investor | (0) | ||||
| (iii) | Green shoe option | (0) | ||||
| (iv) | IPO grading | (0) | ||||
| (v) | Book building. | (0) | ||||
(2 marks each ) | ||||||
| 7. | (a) | Who is an Ombudsman in stock market operations? Discuss his role in investors’ protection. | (0) | |||
(6 marks ) | ||||||
| (b) | List the approvals required for resource mobilisation by a company in the international capital market. | (0) | ||||
(7 marks ) | ||||||
| (c) | Discuss briefly the steps involved in the issue of bonus shares by a listed company. | (0) | ||||
(7 marks ) | ||||||
| 8. | Write notes on any five of the following : | |||||
| (i) | Self certified syndicate bank | (0) | ||||
| (ii) | Debt securities | (0) | ||||
| (iii) | Depository agreement | (0) | ||||
| (iv) | Employee stock option | (0) | ||||
| (v) | Fixed income products | (0) | ||||
| (vi) | Fast track issues. | (0) | ||||
(4 marks each ) | ||||||
