CBSE Class 12 Capital Market Operations Question Paper 2019

SET-4
Series BVM H$moS> Z§.
Code No.
317
amob Z§. narjmWu H$moS >H$mo CÎma-nwpñVH$m Ho$ _wI-n¥ð
Roll No. >na Adí` {bIo§ &
Candidates must write the Code on the
title page of the answer-book.

 H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 7 h¢ &
 àíZ-nÌ _| Xm{hZo hmW H$s Amoa {XE JE H$moS >Zå~a H$mo N>mÌ CÎma -nwpñVH$m Ho$ _wI-n¥ð> na
{bI| &
 H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| >33 àíZ h¢ &
 H¥$n`m àíZ H$m CÎma {bIZm ewê$ H$aZo go nhbo, àíZ H$m H«$_m§H$ Adí` {bI| &
 Bg àíZ-nÌ H$mo n‹T>Zo Ho$ {bE 15 {_ZQ >H$m g_` {X`m J`m h¡ & àíZ-nÌ H$m {dVaU nydm©•
_| 10.15 ~Oo {H$`m OmEJm & 10.15 ~Oo go 10.30 ~Oo VH$ N>mÌ Ho$db àíZ-nÌ H$mo n‹T>|Jo
Am¡a Bg Ad{Y Ho$ Xm¡amZ do CÎma-nwpñVH$m na H$moB© CÎma Zht {bI|Jo &
 Please check that this question paper contains 7 printed pages.
 Code number given on the right hand side of the question paper should be
written on the title page of the answer-book by the candidate.
 Please check that this question paper contains 33 questions.
 Please write down the Serial Number of the question before
attempting it.
 15 minute time has been allotted to read this question paper. The question
paper will be distributed at 10.15 a.m. From 10.15 a.m. to 10.30 a.m., the
students will read the question paper only and will not write any answer on
the answer-book during this period.

ny±Or ~mµOma àMmbZ
CAPITAL MARKET OPERATIONS

{ZYm©[aV g_` : 3 KÊQ>o A{YH$V_ A§H$ : 60
Time allowed : 3 hours Maximum Marks : 60

317 1 P.T.O.

gm_mÝ` {ZX}e :
(i) Bg àíZ-nÌ _| 33 àíZ em{_b h¢ {Og_| go Aä`Wu H$mo {g\©$ 25 àíZ H$aZo H$s µOê$aV
h¡ &
(ii) àíZ-nÌ Xmo IÊS>m| _| {d^m{OV h¡ &
IÊS> A
 ^mJ I ‘| 1 A§H$ à˶oH$ Ho$ 1 go 12 VH$ àíZ h¢ {OZ‘| go {H$Ýht 10 àíZm| Ho$ CÎma
XoZo h¢ &
 ^mJ II ‘| 2 A§H$ à˶oH$ Ho$ 13 go 19 VH$ àíZ h¢ {OZ‘| go {H$Ýht 5 àíZm| Ho$ CÎma
XoZo h¢ &
 ^mJ III ‘| 3 A§H$ à˶oH$ Ho$ 20 go 26 VH$ àíZ h¢ {OZ‘| go {H$Ýht 5 àíZm| Ho$
CÎma XoZo h¢ &
IÊS> ~
 Bg IÊS> ‘| 5 A§H$ à˶oH$ Ho$ 27 go 33 VH$ àíZ h¢ {OZ‘| go {H$Ýht 5 àíZm| Ho$ CÎma
XoZo h¢ &
(iii) EH$ IÊS> Ho$ g^r àíZm| Ho$ CÎma C{MV H«$‘ ‘| Xr{OE &

General Instructions :

(i) This question paper contains 33 questions out of which the candidate
needs to attempt only 25 questions.

(ii) Question paper is divided into two sections.

SECTION A
 Part I contains questions 1 to 12 of 1 mark each out of which any
10 questions are to be attempted.
 Part II contains questions 13 to 19 of 2 marks each out of which any
5 questions are to be attempted
 Part III contains questions 20 to 26 of 3 marks each out of which any
5 questions are to be attempted.

SECTION B
 Contains questions 27 to 33 of 5 marks each out of which any
5 questions are to be attempted.

(iii) All questions of a particular section must be placed in the correct order.

317 2

IÊS> A
^mJ I$
SECTION A
PART I

{H$Ýht 10 àíZm| Ho$ CÎma Xr{OE & 110=10
Attempt any 10 questions.

1. àmW{_H$ ~mµOma _| Amn H¡$go {Zdoe H$a gH$Vo h¢ ? 1
How can you invest in primary market ?

2. ZE {ZJ©_m| Ho$ {ZOr Am~§Q>Z H$m Š`m AW© h¡ ? 1
What is private placement of the New Issues ?

3. ‘~mµOma ny±OrH$aU AZwnmV’ Š`m _mnVm h¡ ? 1
What does ‘Market Capitalisation Ratio’ measure ?

4. ‘à_wI àdV©H$ g_yh’ H$s n[a^mfm Xr{OE & 1
Define ‘Dominant Promoter Group’.

5. ny±Or ~mµOma _| A{YH¥$V S>rba H$s ^y{_H$m H$m CëboI H$s{OE & 1
State the role of authorized dealer in the capital market.

6. ì`mnm[aH$ gXñ` (Xbmb) Ho$ AÝVJ©V Cn-Xbmb H$mo g§~§{YV H$aZo Ho$ {bE Amdí`H$
àboIm| H$s gyMr ~ZmBE & 1
List the documents required to affiliate the Sub-Broker under Trading
Member (Broker).

7. dr.Eg.E.Q>r. ì`mnm[aH$ ghm`H$ CnH$aU H$m Š`m AW© h¡ ? 1
What is meant by VSAT Trading Accessory ?

8. ‘H«$` boZXoZ’ _| Cnm§V (_m{O©Z) H$s A{YH$V_ gr_m H$m AW© Xr{OE & 1
Give the meaning of capping of margin in ‘Buy Transaction’.

9. ‘H«$m°g _m{O©qZJ’ H$s n[a^mfm Xr{OE & 1
Define ‘Cross Margining’.

317 3 P.T.O.

10. EŠgQ´>r_ bm°g _m{O©Z H¡$go EH${ÌV {H$`m OmVm h¡ ? 1
How is Extreme Loss Margin collected ?

11. ‘àUmbrJV Omo{I_’ H$s n[a^mfm Xr{OE & 1
Define ‘Systemic Risk’.

12. go~r (A§Va§J ì`mnma à{VfoY) {d{Z`_, 1992 Ho$ àmdYmZm| Ho$ AZwgma ‘A§Va§Jr’ H$s
n[a^mfm Xr{OE & 1
Define ‘Insider’ according to the provisions of SEBI (Prohibition of Insider
Trading) Regulations, 1992.
^mJ II$
PART II

{H$Ýht 5 àíZm| Ho$ CÎma Xr{OE & 25=10
Attempt any 5 questions.

13. amîQ´>r` eo`a ~mµOma H$m ny±Or ~mµOma IÊS> Š`m h¡ ? `hm± na ì`mnma H$s Om gH$Zo dmbr
à{V^y{V`m| Ho$ àH$ma {b{IE & 2
What is the Capital Market Segment of National Stock Exchange ? Write
the types of securities tradable here.

14. A{ÛVr` J«mhH$ H$moS> H$m Š`m AW© h¡ ? 2
What is meant by unique client code ?

15. à{V^y{V ~mµOma ì`mnm[aH$ gXñ`Vm Ho$ {ZJ_r` (H$m°nm}aoQ>) nXmZwH«$_ _| emIm à~§YH$ H$s
^y{_H$m H$mo g§jon _| g_PmBE & 2
Briefly explain the role of Branch Manager in corporate hierarchy of
Securities Market Trading Membership.

16. ~mµOma H$s Iwbr AdñWm _| ì`mnm[aH$ gXñ` Ûmam H$m¡Z-gr J{V{d{Y`m± {H«$`mpÝdV H$s Om
gH$Vr h¢ ? 2
What type of activities can be carried out by a trading member in the
opening phase of the market ?

17. ‘{nN>bm ì`mnma qdS>mo’ H$s Xmo {d{eîQ> {deofVmAm| H$m CëboI H$s{OE & 2
State the two special features of ‘Previous Trade Window’.

18. ‘à{VñWmnZ bmJV Omo{I_’> H$mo g§jon _| g_PmBE & 2
Briefly explain the ‘Replacement Cost Risk’.

317 4

19. 10% H$s ã`mO Xa na AmO O_m < 1,000 Ho$ nm±M dfm] níMmV² _yë` H$s JUZm H$s{OE &
({Za§Va MH«$d¥{Õ e^0·5 = 1·65) 2
Calculate the value 5 years hence of a deposit of < 1,000 made today if
the interest rate is 10%. (Continuous Compounding e^0·5 = 1·65)

^mJ III$
PART III

{H$Ýht 5 àíZm| Ho$ CÎma Xr{OE & 315=15
Attempt any 5 questions.

20. à{V^y{V ~mµOma Ho$ {ZåZ{b{IV gwYmam| H$mo g§jon _| g_PmBE : 3
(H$) gXñ`m| Ho$ ñdm{_Ëd dmbr ({Zbm©^) g§ñWm H$m eo`aYmaH$m| Ho$ ñdm{_Ëd dmbr (bm^
H$_mZo dmbr) g§ñWm _| n[adV©Z
(I) A_yVuH$aU
Briefly explain the following reforms of the securities market :
(a) Demutualization
(b) Dematerialization

21. gr{_V ({b{_Q>oS>) ^m¡{VH$ ~mµOma H$s {H$Ýht VrZ {deofVmAm| H$m CëboI H$s{OE & 3
State any three features of Limited Physical Market.

22. ‘_yë` go ~mµOma (_mH}$Q> ~mB© àmBg)’> qdS>mo H$s {d{eîQ> {deofVmAm| H$m CëboI H$s{OE & 3
State the special features of ‘Market by Price’ window.

23. ‘{S>nm°{OQ>arµO A{Y{Z`_, 1996’> Ho$ CÔoí`mo| H$m CëboI H$s{OE & 3
State the objectives of the ‘Depositories Act, 1996’.
24. ^maVr` g§{dXm A{Y{Z`_, 1872 Ho$ AÝVJ©V Cn-EO|Q>m| H$s ^y{_H$m H$mo g§jon _| g_PmBE & 3
Briefly explain the role of sub-agents under the Indian Contract Act,
1872.
25. Eogr {H$Ýht VrZ àH$ma H$s gyMZmAm| H$m CëboI H$s{OE Omo A§Va§J ì`mnma à{VfoY
A{Y{Z`_ Ho$ AÝVJ©V ‘_yë` g§doXr gyMZm’ g_Pr OmE±Jr & 3
State any three types of information that will be considered as ‘Price
Sensitive Information’ under the Insider Trading Prohibition Act.

317 5 P.T.O.

26. 31.12.2018 H$mo E.~r.gr. {b{_Q>oS> H$m pñW{V {ddaU {ZåZ àH$ma go Wm : 3
E.~r.gr. {b{_Q>oS>
31.12.2018 H$m pñW{V {ddaU

Xo`VmE± am{e n[agån{Îm`m± am{e
< <
g_Vm A§e ny±Or 4,00,000 »`m{V 2,40,000
ny±Or g§M` 80,000 ñWm`r n[agån{Îm`m± 5,60,000
bm^-hm{Z ImVm 1,20,000 {Zdoe (AënH$mbrZ) 40,000
12% {Jadr G$U 2,00,000 ñQ>m°H$ 1,20,000
~¢H$ A{Y{dH$f© 40,000 amoH$‹S> 1,20,000
{d{^Þ boZXma 1,60,000
H$a àmdYmZ 80,000

10,80,000 10,80,000

(i) Mmby AZwnmV VWm (ii) G$U-g_Vm-AZwnmV H$s JUZm H$s{OE & $
The following was the Balance Sheet of ABC Ltd. as on 31.12.2018.
ABC Ltd.
Balance Sheet as at 31.12.2018

Amount Amount
Liabilities < Assets <
Equity share capital 4,00,000 Goodwill 2,40,000
Capital reserve 80,000 Fixed Assets 5,60,000
Profit & Loss A/c 1,20,000 Investment (Short Term) 40,000
12% Mortgage loan 2,00,000 Stock 1,20,000
Bank overdraft 40,000 Cash 1,20,000
Sundry creditors 1,60,000
Provision for taxation 80,000

10,80,000 10,80,000
Calculate : (i) Current Ratio, and (ii) Debt-Equity Ratio.
317 6

IÊS> ~$
SECTION B

{H$Ýht 5 àíZm| Ho$ CÎma Xr{OE & 55=25
Attempt any 5 questions.

27. ZB© gXñ`Vm hoVw àdoe à{H«$`m H$m g§jon _| dU©Z H$s{OE & 5
Briefly describe the admission procedure for the New Membership.

28. gXñ`Vm {Zb§~Z Ho$ AmYmam| H$m CëboI H$s{OE & 5
State the bases of suspension of Membership.

29. amîQ´>r` eo`a ~mµOma Ho$ ‘ZrQ> ñH«$sZ’> H$mo g§jon _| g_PmBE & 5
Explain briefly the ‘NEAT Screen’ of National Stock Exchange.

30. ñH«$sZ AmYm[aV ì`mnma àUmbr Ho$ bm^m| H$mo g§jon _| g_PmBE & 5
Briefly explain the advantages of Screen Based Trading System.

31. {ZJ_r` (H$m°nm}aoQ>) nXmZwH«$_ _| Cn^moº$m H«$` _yë` {ZYm©aU à{H«$`m H$m g§jon _| dU©Z
H$s{OE & 5
Briefly describe the procedure of setting up of the user order value in
corporate hierarchy.

32. {ZnQ>mZ {ZJ_ Ûmam dr.E.Ama. (VaR) Cnm§V H$s JUZm VWm EH$ÌrH$aU H$s {d{Y`m| H$mo
g§jon _| g_PmBE & 5
Briefly explain the methods of computation and collection of VaR margin
by the clearing corporation.

33. ‘A§Vam©îQ´>r` gwajm nhMmZ H«$_m§H$’ Am~§Q>Z H$aZo dmbr amîQ´>r` H«$_m§H$ EO|gr H$m Zm_
Xr{OE & Bg H«$_m§H$ Ho$ Am~§Q>Z Ho$ g_` br OmZo dmbr gmdYm{Z`m| H$m CëboI H$s{OE & 5
Name the National Numbering Agency for allotment of ‘International
Securities Identification Number’. State the precautions that must be
taken while allotting this number.

317 7 P.T.O.
00