3 Month Ro Training Test - T+7 & Dpc | Attempts: 1150

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| By Ventura Securities

Ventura Securities

Community Contributor

Quizzes Created: 4 | Total Attempts: 15,572

Questions: 10 | Attempts: 1,150 | Updated: Aug 31, 2023

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Questions and Answers

1.

If the client buys shares using exposure on Day X. His shares will be squared off on the ______ day?
- A.
  
  X + 5 trading days
- B.
  
  X + 7 trading days
- C.
  
  X + 3 trading days
- D.
  
  X + 2 trading days
Correct Answer
B. X + 7 trading days

Explanation
If the client buys shares using exposure on Day X, his shares will be squared off on Day X + 7 trading days. This means that the client will have 7 trading days to hold the shares before they are automatically sold.

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2.

Within how many days it is compulsory to change the password
- A.
  
  10
- B.
  
  15
- C.
  
  20
- D.
  
  31
Correct Answer
B. 15

Explanation
It is compulsory to change the password within 15 days. This is likely because using the same password for an extended period of time increases the risk of it being compromised. Changing the password regularly helps to enhance security and protect against unauthorized access to personal or sensitive information.

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3.

A client has bought shares using exposure on Tuesday, when does DPC start ?
- A.
  
  The same day
- B.
  
  Thursday
- C.
  
  Wednesday
- D.
  
  Friday
Correct Answer
B. Thursday

Explanation
The DPC (Delivery versus Payment) process typically starts on the next trading day after the shares are bought. In this case, the client bought shares on Tuesday, so the DPC would start on the next trading day, which is Thursday.

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4.

If the Client has purchased stock using exposure on Friday. Calculate T+7 days.
- A.
  
  Next Monday
- B.
  
  Next Tuesday
- C.
  
  Tuesday
- D.
  
  Monday
Correct Answer
B. Next Tuesday

Explanation
If the client has purchased stock using exposure on Friday, T+7 days would mean the transaction is settled 7 days after the trade date. Since the trade was done on Friday, the next Tuesday would be T+7 days.

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5.

A client has bought shares on wednesday using Exposure and made the payment on thursday. Yes, the client be charged DPC
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
The client will not be charged DPC (Delivery Plus Charges) because they have made the payment on Thursday, which is within the T+2 settlement cycle. DPC is charged when the client fails to make the payment within the stipulated time, resulting in the shares being delivered to them in an auction market. Since the client has made the payment on time, they will not incur any additional charges.

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6.

If the client purchases shares on wednesday, when will the shares be squared off ?
- A.
  
  Next Monday
- B.
  
  Next Wednesday
- C.
  
  Next Thursday
- D.
  
  Next Friday
Correct Answer
D. Next Friday

Explanation
If the client purchases shares on Wednesday, the shares will be squared off on the next Friday. This implies that the client will hold the shares for two trading days, Thursday and Friday, before they are squared off.

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7.

How many days of DPC will be charegd to a client if he/she has bought shares on 20th July 2016 and sold it on 28th July 2016?
- A.
  
  12
- B.
  
  10
- C.
  
  9
- D.
  
  2
Correct Answer
B. 10

Explanation
The client will be charged for 10 days of DPC. This is because the client bought the shares on 20th July 2016 and sold them on 28th July 2016, which is a total of 9 days. However, DPC charges are typically calculated including both the buy and sell dates, so the client will be charged for 10 days in total.

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8.

How much Interest to we charge our clients?
- A.
  
  18% per month
- B.
  
  18% per day
- C.
  
  18% per annum
- D.
  
  16% per annum
Correct Answer
C. 18% per annum

Explanation
The correct answer is 18% per annum. This means that the interest charged to clients is 18% of the principal amount on an annual basis. This is a common way for financial institutions to calculate and charge interest on loans or investments. It is important to note that the other options, such as 18% per month or per day, would result in significantly higher interest charges over time.

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9.

The DPC for a client has started on friday. When has the client bought the shares using Exposure?
- A.
  
  Monday
- B.
  
  Wednesday
- C.
  
  Thursday
- D.
  
  Tuesday
Correct Answer
B. Wednesday

Explanation
The DPC for a client started on Friday, which means that the client had the opportunity to buy shares using Exposure after the DPC. Since Monday is the first business day after Friday, it is not possible for the client to have bought the shares on Monday. Similarly, Tuesday is the second business day after Friday, so it is also not possible for the client to have bought the shares on Tuesday. Thursday is the fourth business day after Friday, which is too late for the client to have bought the shares. Therefore, the only remaining option is Wednesday, which is the third business day after Friday and the correct answer.

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10.

A client has bought stocks on Thursday morning 10.00 am, he has paid fully for the stocks. On which day will he receive the stocks in his demat account?
- A.
  
  Tuesday
- B.
  
  Friday
- C.
  
  The same day
- D.
  
  Monday
Correct Answer
D. Monday

Explanation
The client will receive the stocks in his demat account on Monday. Typically, it takes two business days for the settlement of stock transactions in most markets. Since the client bought the stocks on Thursday, the two business days would be Friday and Monday. Therefore, the stocks will be received in his demat account on Monday.

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Current Version
Aug 31, 2023

Quiz Edited by
ProProfs Editorial Team
Dec 21, 2014

Quiz Created by
Ventura Securities

3 Month Ro Training Test - T+7 & Dpc

If the client buys shares using exposure on Day X. His shares will be squared off on the ______ day?

Within how many days it is compulsory to change the password

A client has bought shares using exposure on Tuesday, when does DPC start ?

If the Client has purchased stock using exposure on Friday. Calculate T+7 days.

A client has bought shares on wednesday using Exposure and made the payment on thursday. Yes, the client be charged DPC

If the client purchases shares on wednesday, when will the shares be squared off ?

How many days of DPC will be charegd to a client if he/she has bought shares on 20th July 2016 and sold it on 28th July 2016?

How much Interest to we charge our clients?

The DPC for a client has started on friday. When has the client bought the shares using Exposure?

A client has bought stocks on Thursday morning 10.00 am, he has paid fully for the stocks. On which day will he receive the stocks in his demat account?