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CS Executive Securities Contracts (Regulation) Act, 1956 — practice questions

Explore 1 free Securities Contracts (Regulation) Act, 1956 questions in CS Executive Securitieslaws. Open each question or exercise to read its content, reference answers and available explanation.

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Securities Contracts (Regulation) Act, 1956 questions and exercises with answers

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Clear out the false trading claimsRead the answer and worked solution →

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Clear out the false trading claims

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Questions
  1. Question
    Three of these claims about a spot delivery contract are false.
    Choices
    1. Item
      Delivery may land on the very next day.
      Correct
      Yes
    2. Explanation
      The window is the same day or the next day only.
      Item
      Seven full days are allowed for delivery.
    3. Explanation
      Time taken by post for dispatch is left out.
      Item
      Postal time counts inside the window.
    4. Explanation
      Payment moves in the same short window as delivery.
      Item
      Payment may follow a fortnight later.
  2. Question
    Three of these claims about recognising a stock exchange are false.
    Choices
    1. Item
      Withdrawal is dealt with by Section 5.
      Correct
      Yes
    2. Explanation
      Section 3 covers only the application stage.
      Item
      Section 3 grants the recognition.
    3. Explanation
      Sections 4 and 5 powers sit with SEBI too.
      Item
      Only the Central Government may act.
    4. Explanation
      Recognition here is not a Reserve Bank power.
      Item
      The Reserve Bank grants recognition.
Instructions
Tap away each wrong claim about stock exchange rules until only the true one survives.
_Source: ICSI CS Executive Paper 6 (Securities Laws and Capital Markets) — Lesson 1: Securities Contracts (Regulation) Act, 1956, pp. 4-21._

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