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Absolute phrases are the trickiest to identify. These phrases are not closely connected to rest of the sentence; they don’t describe a specific word, but modify the whole sentence. They add extra information and are usually separated by commas. Example: The semester finished; Karen sold all her textbooks

(a) After the victim gets injured if the blood can be seen coming out from the injured body part then this type of bleeding can be called as external bleeding. 

(b) External profuse bleeding can be managed with direct pressure using a clean cloth. In case wound is not actively bleeding, the area needs to be washed with soap and water. After cleaning, cover it with clean cloth. 

(c) If the victim complains of pain in the abdomen, chest, then the chances of bleeding inside the body cavity exist. 

(d) If the victim isunconscious and has the problem of getting pale, drowsy, confused, weakness, giddiness or having bruise over the affected area in such a situation, victim needs to be shifted at the earliest to the nearest facility.

A depository is required to enter into an agreement in the specified format with one or more participants as its agent. Any person, through a participant, may enter into an agreement, in such form as may be specified by the bye-laws, with any depository for availing its services.

A depository is deemed to be the registered owner for the purpose of effecting transfer of ownership of security on behalf of a beneficial owner. The depository as a registered owner does not have any voting rights or any other rights in respect of securities held by it. The beneficial owner is entitled to all the rights and benefits and is subjected to all the liabilities in respect of his securities held by a depository.

b) Rain Water Harvesting System

RWHS stands for Rain Water Harvesting System.

A standard form contract is a pre-established record of legal terms regularly used by a business entity or firm in transactions with customers. A Standard Form Contract is effective upon acceptance.

Correct option: b. No , if the member SEBI registered but not enabled

• Role of a producer 
• Talent: actors, announcers and performers. 
• Director 
• Set designer 
• Makeup artist 
• Audio director: recording equipment and accessories. 
• Computer graphics operator 
• Camera operator 
• Editors 
• Technicians and music & sound effects to enhance overall impact.

Entrepreneurial Competence

b) Entrepreneurial Competence

Entrepreneurial behavior requires certain knowledge, skills or personality profile and it is called as Entrepreneurial Competence.

In the securities markets, the SCRA governs the contracts for or relating to the purchase or sale of securities. However, the provisions of the Indian Contract Act, 1872 also have a bearing on these securities’ contracts as this is a general Act which governs the rights of parties in a contract and the effects thereof.

Following are some important terms/definitions used in the Indian Contract Act:

(i) Contract: According to section 2(h) of the Indian Contract Act, 1872, a contract is an agreement enforceable by law. Therefore, there has to be an agreement to create a contract and secondly, it has to satisfy certain requirements mentioned in section 10 of the Act, i.e., the agreement has to be between parties competent to contract, with their free consent, for a lawful object and with lawful consideration, and it should not have been expressly declared as void agreement. 

Standard Form Contracts: With an enormous increase in commercial transactions, the concept of Standard Form Contracts has come into existence.

(ii) Agency Contract: An agent is a person employed to do any act for another or to represent another in dealings with third persons, as per section 182 of the Indian Contract Act, 1872.

(iii) Sub-agent: A sub-agent is a person employed by, and acting under the control of, the original agent in the business of the agency. Though the general rule is against delegation of authority by an agent or the appointment of a sub-agent, there could be such an appointment in exceptional situations recognized by law.

Motivation is defined as the drive required to engage in goal-oriented behaviour. Motivation is inner urge to do something and self-motivation is ability to do what needs to be done without the influence or thrust from other people or situations.

Accounting is a system of collecting, summarizing, analyzing and reporting in monetary terms, financial status of an organization. The end product of the financial accounting is the financial statements consisting of Balance Sheet and Profit & Loss Account.

As the name suggests, balance sheet provides information about financial position of a firm at a particular point of time. On the other hand, Profit & Loss Account of a firm portrays as a flow statement, the results of operations over a specified period of time (usually accounting year, April-March). The Balance Sheet contains information pertaining to firm’s assets, liabilities and shareholders’ equity whereas Profit & Loss Account summarizes the revenue items, the expense items and the difference between the two (net income) for an accounting period.

The popular tools are:

a) Comparative Financial Statements, 

b) Common sized Statements, and 

c) Ratio Analysis

S- Specific, M- Measurable, A-Attainable, R- Realistic, T-timely

Once you have entered data and applied relevant formula in a worksheet, you can arrange the data in ascending or descending order. This is called sorting of data.

An in-the-money (ITM) option would lead to a positive cash flow. A call option on the index is said to be in-the-money when the current index stands at a level higher than the strike price (i.e. spot price > strike price).

NSE provides a scheme for enabling the trading member to surrender their membership to the Exchange. Details of the norms and procedures related to the surrender of membership to the Exchange are prescribed as below:

a) A trading member desirous of surrendering its membership of the Exchange is required to send its request in writing in the prescribed format.

b) Before submission of an application for surrender of membership, the trading member is required to comply with all the pre-requisites for application of surrender in the prescribed format. The following aspects should be covered in the application for surrender of membership from a trading member,

(i) Who has been suspended/ disciplinary action taken by the Exchange /SEBI

(ii) In respect of whom any investigation/ action consequent to a default has been initiated by the Exchange /SEBI,

The Exchange has absolute discretion in dealing with such applications and if it decides to process/accept the surrender application of such trading member, it may impose additional terms and conditions as it may deem fit.

c) No trading member, who has surrendered its trading membership, their partners (in case of partnership firm) and/ or dominant shareholders (in case of corporates) is eligible to be readmitted to the trading membership of the Exchange in any form for a period of one year from the date of cessation of trading membership (i.e. from the date of approval of surrender).

d) The application of surrender of trading membership is subject to fulfillment of certain conditions, such as submission of original SEBI registration certificate(s) on all segments on which the trading member is registered; submission of sub-broker registration certificate(s) of all the sub-brokers associated with the trading member for onward transmission to the SEBI for cancellation etc.

e) The trading member should request the Exchange through their surrender application to dismantle and recover all the leased line(s)/ VSAT(s) and other equipments given to them at their dealing offices.

These entail swapping both principal and interest between the parties, with the cash flows in one direction being in a different currency than those in the opposite direction.

Opportunities go untried until someone comes along with an eye for possibility and a can-do attitude. Some cultures may discourage entrepreneurial capacity resulting in a low rate of new firm entrance.

1. Applicants are required to submit application form, in the prescribed format along with other relevant documents to the Exchange. The application for new membership is then forwarded to Membership Recommendation Committee. The Membership Recommendation Committee (MRC) consists of seven persons from various disciplines. The MRC conducts interviews of the applicants for trading membership. In case of corporate, the dominant shareholder and designated directors; in case of individuals, the individual himself and in case of partnership firms – two designated partners have to appear for the interview. The purpose of the interview is to acquire information about their capability & commitment to carry on stock broking activities, financial standing and integrity.

2. The MRC recommends the names for admission of trading members to the Membership Approval Committee (Sub-committee of board of directors)/Board of directors of the Exchange. The Board of Directors after taking into consideration the recommendations of the MRC either approves or rejects the applications.

3. On getting approval from the Board, an admission on a provisional basis is provided to the applicant subject to certain conditions like registration with SEBI, submission of relevant fees/ deposits and documents. The documents of the member are then forwarded to SEBI for registration.

4. After satisfying itself as to compliance with respect to all the prescribed norms, SEBI grants a Registration Certificate in the name of the applicant.

5. The dealers on CM segment are required to clear the Capital Market (Dealers) Module of NCFM; dealers on Futures & Options Segment are required to clear the Derivatives Market (Dealers) Module or equivalent examination of NCFM .

(a) Free imagination brings changes in the world. 

(b) Personification

The alternates that the green jobs provide for sustainable development definitely help curb the emission of greenhouse gases. With the promotion of use of renewable sources in our homes and daily life, green jobs promise to limit the emission of harmful gases.

An account period settlement is a settlement where the trades pertaining to a period stretching over more than one day are settled. For example, trades for the period Monday to Friday are settled together.

The factors responsible for the rise of the Chinese economy are as determined below :

1. Major policy decisions in the 1970s: China ended its political and economic isolation with the establishment of relations with the United States in 1972.

2. Four modernisations : In 1973 Premier Zhou Enlai proposed modernisation of agriculture, industry, science and technology and military.

3. Open door policy : By 1978 Deng Xiaoping announced the ‘open door’ policy and economic reforms in China to generate higher productivity by foreign capital investment and technology.

4. Privatisation : The privatisation of agriculture in 1982 was followed by the privatisation of industry in 1998. Trade barriers were removed in Special Economic Zones (SEZs) where foreign investors could set up enterprises.

NEAT Screen: The trader workstation screen of the trading member is divided into the following windows:

(i) Title bar: It displays trading system name i.e. NEAT, the trading member name the user id, user type, the date and the current time.

(ii) Ticker Window: The ticker window displays securities capital market segments. The ticker selection facility is confined to the securities of capital market segment only. The first ticker window, by default, displays all the derivatives contracts traded in the Futures and Options segment.

Tool Bar: The toolbar has functional buttons which can be used with the mouse for quick access to various functions such as Buy Order Entry, Sell Order Entry, Market By Price (MBP), Previous Trades (PT), Outstanding Order (OO), Activity Log (AL), Order Status (OS), Market Watch (MW), Snap Quote (SQ), Market Movement (MM), Market Inquiry (MI), Auction Inquiry (AI), Order Modification (OM), Order Cancellation (OCXL), Security List, Net Position, Online Backup, Supplementary Menu, Index Inquiry, Index Broadcast and Help. All these functions are also accessible through the keyboard.

(iii) Market Watch Window: The ‘Market Watch’ window is the main area of focus for a trading member. This screen allows continuous monitoring of the securities that are of specific interest to the user. It displays trading information for the selected securities.

(iv) Inquiry Window: This screen enables the user to view information such as Market by Order (MBO), Market by Price (MBP), Previous Trades (PT), Outstanding Orders (OO), Activity Log (AL), Order Status (OS), Market Movement (MM), Market Inquiry (MI), Net Position, Online Backup, Index Inquiry, Indices Broadcast, Most Active Securities and so on. Relevant information for the selected security can be viewed.

(v) Message Window: This enables the user to view messages broadcast by the exchange such as corporate actions, any market news, auctions related information etc. and other messages like order confirmation, order modification, order cancellation, orders which have resulted in quantity freezes/price freezes and the exchange action on them, trade confirmation, trade cancellation/modification requests and exchange action on them, name and time when the user logs in/logs off from the system, messages specific to the trading member, etc. These messages appear as and when the event takes place in a chronological order.

Market Phases: The trading system is normally made available for trading on all days except Saturdays, Sundays and other holidays. Holidays are declared by the Exchange from time to time. 

A trading day typically consists of a number of discrete stages as below:

1. Opening: The trading member can carry out the following activities after login to the NEAT system and before the market opens for trading:

a) Set up Market Watch (the securities which the user would like to view on the screen) 

b) View Inquiry screens

2. Pre-open: The pre-open session is for duration of 15 minutes i.e. from 9:00 am to 9:15 am. The pre-open session is comprised of Order collection period and order matching period. The order collection period of 8* minutes shall be provided for order entry, modification and cancellation. (* - System driven random closure between 7th and 8th minute).

3. Normal Market Open Phase: The open period indicates the commencement of trading activity. To signify the start of trading, a message is sent to all the trader workstations. Trading in all the instruments is allowed unless they are specifically prohibited by the Exchange. The activities that are allowed at this stage are Inquiry, Order Entry, Order Modification, Order Cancellation (including quick order cancellation), Order Matching and Trade Cancellation.

4. Market Close: When the market closes, trading in all instruments for that market comes to an end. A message to this effect is sent to all trading members. No further orders are accepted, but the user is permitted to perform activities like inquiries and trade cancellation.

Post-Close Market: This closing session is available only in Normal Market Segment. Its timings are from 3.40 PM to 4.00 PM. Only market price orders are allowed. Special Terms, Stop Loss and Disclosed Quantity Orders, Index Orders are not allowed.

5. SURCON: Surveillance and Control (SURCON) is that period after market close during which, the users have inquiry access only. After the end of SURCON period, the system processes the data for making the system available for the next trading day. When the system starts processing data, the interactive connection with the NEAT system is lost and the message to that effect is displayed at the trader workstation.

It enables investors to apply for IPO. Instead, the amount is blocked in investors ‘own account and only an amount proportionate to the shares allotted goes out when allotment is finalized.

This closing session is available only in Normal Market Segment. Its timings are from 3.40 PM to 4.00 PM.. Securities not traded in the normal market session are not allowed to participate in the Closing Session.

Market Watch: The Market Watch window is the third window from the top of the screen that is always visible to the user. The Market Watch is the focal area for users. The purpose of Market Watch is to setup and view trading details of securities that are of interest to users. For each security in the Market Watch, market information is dynamically updated.

Following are the key features of Market Watch Screen:

(i) Market Information Displayed: The one line market information displayed in the market watch screen is for current best price orders available in the Regular Lot book. 

For each security the following information is displayed:

a) The corporate action indicator “Ex/Cum”

b) The total buy order quantity available at best buy price 

c) Best buy price 

d) Best sell price 

e) Total sell order quantity available at best sell price 

f) The last traded price 

g) The last trade price change indicator and 

h) The no delivery period indicator “ND” 

i) The Percentage change from previous day’s closing price’

(ii) Information Update: In the Market Watch screen, changes in the best price and quantities are highlighted on a dynamic basis (in all pages of Market Watch). For example, if the best price changes as a result of a new order in the market, the new details are immediately displayed If the last traded price is higher than the previous last traded price then the indicator ‘+’ appears or if the last traded price is lower than the previous last traded price then the indicator ‘-’ appears. If there is no change in the last traded price, no indicator is displayed.

(iv) Market Watch Download: A user has to set up securities after the first download of the software. After setting up the market watch, it is suggested that the user should log out normally. This will help the user to save the freshly set up market watch securities in a file. If at any given time, when the user has freshly set up a few securities and encounters an abnormal exit, the newly set up securities are not saved and the user may have to repeat the process of setting up securities. The Market Watch setup is carried over to subsequent days, thus averting the need to set up the Market Watch on daily basis.

(iv) Setting up Securities: One of the best features of this software is that the user has the facility to set up 500 securities in the market watch. The user can view up to 30 securities in one page of the market watch screen.

(vi) Corporate Actions Indication: An indicator for corporate actions for a security is another feature in market watch. 

The indicators are as follows:

XD’ - ex-dividend 

‘XB’ - ex-bonus 

‘XI’ - ex-interest 

‘XR’ - ex-rights 

‘CD’ - cum-dividend 

‘CR’ - cum-rights 

‘CB’ - cum-bonus 

‘CI’ - cum-interest

‘C*’ - in case of more than one of CD, CR, CB, CI

‘X*’ - in case of more than one of XD, XR, XB, XI

(a) Fraud or fraudulent act or if he is convicted of a criminal offence. 

(b) Violation of the provisions of any statute governing the activities, business and operations of the Exchange. 

(c) Improper conduct. 

(d) Failure to submit to or abide by arbitration.

Correct option: a. IOC/DAY/STOP LOSS orders

Price sensitive information means any information which is related directly or indirectly to a company and which if published is likely to materially affect the price of securities of a company.

(a) periodical financial results of the company.

(b) intended declaration of dividends (both interim and final).

Self-motivation is important because 

• It increases individual’s energy and activity. 
• It directs an individual towards specific goals. 
• It results in initiation and persistence of specific activities 
• It affects cognitive processes and learning strategies used for completing similar tasks

Correct option: d. Open Book

Correct option: a. Opening

Any information which if published is likely to materially affect the price of securities of a company.

Correct option: c. Yes, It trades like a underlying asset i.e. Nifty Future

Correct answer is c. Bonds 

a. Market by Price (F6): The purpose of Market by Price (MBP) is to enable the user to view outstanding orders in the market aggregated at each price and are displayed in order of best prices.

b. Previous Trade (F8): The purpose of the Previous Trades window is to provide security-wise information to users for own trades. Trade cancellation can be requested from the Previous Trade screen.

c. Activity Log (F7): The Activity Log (AL) shows all the activities that have been performed on any order belonging to that user. These activities include order modification/cancellation, partial/full trade, and trade modification/cancellation.

d. Snap Quote (F9): Snap Quote: The snap quote feature allows a trading member to get instantaneous market information on any desired security. This is normally used for securities that are not already set in the Market Watch window. The information presented is the same as that of the Marker Watch window.

e. Outstanding Order (F3): The purpose of Outstanding Orders is to enable the user to view the outstanding orders for a security. An outstanding order is an order that has been entered by the user, but which has not yet been completely traded or cancelled. The user is permitted to see his orders.

Correct option: d. Normal Market

Correct option: a. Yes, all Nifty50 stocks can set up or by default on market watch screen.

Correct answer is

a) STRATUS- The mainframe computer at the NSE.

The four steps are:

• Contact 
• Absorb 
• Reflective feedback 
• Confirm

Correct option: c. Yes, it’s true here the regular lot size is one share in the normal market.

Immediate or Cancel (Probably Partially trading).

Correct answer is b. Contract Note 

The Price where Stop Less get triggered.

Correct option: a. National Exchange for Automated Trading

Stock Keeping Unit

SKU stands for Stock Keeping Unit.

Ex-Dividend (Not Entitle to receive dividend).

Correct answer is b. NEAT (National Exchange for automated Trading )