Quiz-summary
0 of 10 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Information
certdemy practice questions
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 10 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- Answered
- Review
-
Question 1 of 10
1. Question
In the FINRA Rule 11210, within how many days if the confirming member does not receive a response from the contra-member, such shall constitute a DK and the confirming member shall have no further liability for the trade?
Correct
In the FINRA Rule 11210, If the confirming member does not receive a response from the contra-member by the close of two business days after receipt by the confirming member of the fourth copy of the “Don’t Know Notice” if delivered by messenger, or the post office receipt if delivered by mail, such shall constitute a DK and the confirming member shall have no further liability for the trade.
Incorrect
In the FINRA Rule 11210, If the confirming member does not receive a response from the contra-member by the close of two business days after receipt by the confirming member of the fourth copy of the “Don’t Know Notice” if delivered by messenger, or the post office receipt if delivered by mail, such shall constitute a DK and the confirming member shall have no further liability for the trade.
-
Question 2 of 10
2. Question
In the FINRA Rule 11210, which of the following office the “Don’t Know Notice” form may be ordered?
Correct
In the FINRA Rule 11210, The “Don’t Know Notice” form may be ordered through any office of FINRA. If the official form is not used, the form which is used must conform in every respect to the official form.
Incorrect
In the FINRA Rule 11210, The “Don’t Know Notice” form may be ordered through any office of FINRA. If the official form is not used, the form which is used must conform in every respect to the official form.
-
Question 3 of 10
3. Question
In the FINRA Rule 11310 (Book-Entry Settlement), which of the following facilities should be used by a member for the book-entry settlement of all transactions in depository eligible securities with another member?
Correct
In the FINRA Rule 11310 (Book-Entry Settlement), a member shall use the facilities of a securities depository for the book-entry settlement of all transactions in depository eligible securities with another member or a member of a national securities exchange or a registered securities association.
Incorrect
In the FINRA Rule 11310 (Book-Entry Settlement), a member shall use the facilities of a securities depository for the book-entry settlement of all transactions in depository eligible securities with another member or a member of a national securities exchange or a registered securities association.
-
Question 4 of 10
4. Question
In the FINRA Rule 11310 (Book-Entry Settlement), which of the following type of transactions a member should not effect in a depository eligible security with a customer unless the transaction is settled by book-entry using the facilities of a securities depository?
Correct
In the FINRA Rule 11310 (Book-Entry Settlement), a member shall not affect a delivery-versus-payment or receipt-versus payment transaction in a depository eligible security with a customer unless the transaction is settled by book-entry using the facilities of a securities depository.
Incorrect
In the FINRA Rule 11310 (Book-Entry Settlement), a member shall not affect a delivery-versus-payment or receipt-versus payment transaction in a depository eligible security with a customer unless the transaction is settled by book-entry using the facilities of a securities depository.
-
Question 5 of 10
5. Question
In the FINRA Rule 11310 (Book-Entry Settlement), which of the following statement(s) is/are correct for the term “depository eligible securities”?
Correct
In the FINRA Rule 11310 (Book-Entry Settlement), the “depository eligible securities” describes by the following statements:-
(a) The securities that are part of an issue of securities that is eligible for deposit at a securities depository.
(b) The securities with respect to a particular transaction, are eligible for book-entry transfer at the depository at the time of settlement of the transaction.Incorrect
In the FINRA Rule 11310 (Book-Entry Settlement), the “depository eligible securities” describes by the following statements:-
(a) The securities that are part of an issue of securities that is eligible for deposit at a securities depository.
(b) The securities with respect to a particular transaction, are eligible for book-entry transfer at the depository at the time of settlement of the transaction. -
Question 6 of 10
6. Question
Which of the following condition the FINRA Rule 11310 (Book-Entry Settlement) shall not apply to any transactions where the securities to be delivered in settlement of the transaction are not on deposit at a securities depository?
Correct
The FINRA Rule 11310 (Book-Entry Settlement) shall not apply to any transactions where the securities to be delivered in settlement of the transaction are not on deposit at a securities depository on the following condition:-
(a) If the transaction is for same-day settlement, the deliverer is unable to deposit the securities in a securities depository prior to the cut-off time established by the depository for same-day crediting of deposited securities.
(b) The deliverer is unable to deposit the securities in a depository prior to the cut-off date established by the depository for that issue of securities.Incorrect
The FINRA Rule 11310 (Book-Entry Settlement) shall not apply to any transactions where the securities to be delivered in settlement of the transaction are not on deposit at a securities depository on the following condition:-
(a) If the transaction is for same-day settlement, the deliverer is unable to deposit the securities in a securities depository prior to the cut-off time established by the depository for same-day crediting of deposited securities.
(b) The deliverer is unable to deposit the securities in a depository prior to the cut-off date established by the depository for that issue of securities. -
Question 7 of 10
7. Question
In the FINRA Rule 11320 (Dates of Delivery), what should be the date of delivery at the office of the purchaser In connection with a transaction for “cash”?
Correct
In the FINRA Rule 11320 (Dates of Delivery), in connection with a transaction for “cash,” delivery shall be made at the office of the purchaser on the day of the transaction.
Incorrect
In the FINRA Rule 11320 (Dates of Delivery), in connection with a transaction for “cash,” delivery shall be made at the office of the purchaser on the day of the transaction.
-
Question 8 of 10
8. Question
In the FINRA Rule 11320 (Dates of Delivery), what should be the date of delivery at the office of the purchaser In connection with a transaction for “regular way”?
Correct
In the FINRA Rule 11320 (Dates of Delivery), in connection with a transaction “regular way,” delivery shall be made at the office of the purchaser on, but not before, the second business day following the date of the transaction.
Incorrect
In the FINRA Rule 11320 (Dates of Delivery), in connection with a transaction “regular way,” delivery shall be made at the office of the purchaser on, but not before, the second business day following the date of the transaction.
-
Question 9 of 10
9. Question
In the FINRA Rule 11320 (Dates of Delivery), what should be the date of delivery at the office of the purchaser In connection with a transaction for “Buyer’s Option”?
Correct
In the FINRA Rule 11320 (Dates of Delivery), in connection with a transaction “buyer’s option,” delivery shall be made at the office of the purchaser on the date on which the option expires.
Incorrect
In the FINRA Rule 11320 (Dates of Delivery), in connection with a transaction “buyer’s option,” delivery shall be made at the office of the purchaser on the date on which the option expires.
-
Question 10 of 10
10. Question
In the FINRA Rule 11320 (Dates of Delivery), what should be the criteria for the contracts that due on a day other than a business day?
Correct
In the FINRA Rule 11320 (Dates of Delivery), the contracts shall mature on the next business day that are due on a day other than a business day.
Incorrect
In the FINRA Rule 11320 (Dates of Delivery), the contracts shall mature on the next business day that are due on a day other than a business day.