CBSE Class 12 Capital Market Operations Question Paper 2020

SET-4
Series HMJ 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.

ZmoQ> NOTE
(I) H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV (I) Please check that this question
n¥ð> 7 h¢ & paper contains 7 printed pages.

(II) àíZ-nÌ _| Xm{hZo hmW H$s Amoa {XE JE H$moS (II) Code number given on the right
>Zå~a H$mo N>mÌ CÎma-nwpñVH$m Ho$ _wI-n¥ð> na hand side of the question paper
{bI| & should be written on the title page of
the answer-book by the candidate.
(III) H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| (III) Please check that this question
>33 àíZ h¢ & paper contains 33 questions.

(IV) H¥$n`m àíZ H$m CÎma {bIZm ewê$ H$aZo go (IV) Please write down the Serial
nhbo, CÎma-nwpñVH$m _| àíZ H$m H«$_m§H$ Number of the question in the
Adí` {bI| & answer-book before attempting it.
(V) Bg àíZ-nÌ H$mo n‹T>Zo Ho$ {bE 15 {_ZQ >H$m (V) 15 minute time has been allotted to
g_` {X`m J`m h¡ & àíZ-nÌ H$m {dVaU read this question paper. The
nydm©• _| 10.15 ~Oo {H$`m OmEJm & question paper will be distributed
10.15 ~Oo go 10.30 ~Oo VH$ N>mÌ Ho$db at 10.15 a.m. From 10.15 a.m. to
10.30 a.m., the students will read the
àíZ-nÌ H$mo n‹T>|Jo Am¡a Bg Ad{Y Ho$ Xm¡amZ question paper only and will not
do CÎma-nwpñVH$m na H$moB© CÎma Zht {bI|Jo & 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$aV
h¡ &
(ii) àíZ-nÌ Xmo IÊS>m| _| {d^m{OV h¡ &
IÊS> H$
 ^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> I
 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 &

IÊS> H$
^mJ I$
{H$Ýht Xg àíZm| Ho$ CÎma Xr{OE &
1. à{V^y{V ~mµOma Ho$ Xmo nañna-{Z^©a VWm A{d^mÁ` IÊS>m| H$s gyMr ~ZmBE & 1
2. à{V^y{V ~mµOma {Z`m_H$ ñWm{nV H$aZo Ho$ {H$Ýht Xmo _w»` CÔoí`m| H$m C„oI H$s{OE & 1
3. EZ.Eg.B©. A_yVuH¥$V (S>rå`yMbmBµÁS>) T>m±Mo H$m Š`m AW© h¡ ? 1
4. B§{S>`m dr.AmB©.EŠg. _mn H$m Š`m AW© h¡ ? 1

5. ‘Cn-Xbmb’ H$s n[a^mfm Xr{OE & 1
6. à_wI àdV©H$ g_yh H$m Š`m AW© h¡ ? 1
7. ~oOmo‹S> (`yZrH$) J«mhH$ H$moS> H$m Š`m AW© h¡ ? 1
8. nQ>b-AmYm[aV ì`mnma àUmbr H$m AW© Xr{OE & 1
9. ‘bm^-g{hV à{V^y{V YmaH$’ H$m Š`m AW© h¡ ? 1
10. ñd-{Z`m_H$H$mar g§JR>Z H$s n[a^mfm Xr{OE & 1
11. ‘bm^mWu ñdm_r’ H$s n[a^mfm Xr{OE & 1
12. à{V^y{V ~mµOma Ho$ {H$Ýht Xmo {Z`m_H$m| Ho$ Zm_ {b{IE & 1

.317 2

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.

SECTION A
PART I
Answer any ten questions.
1. List the two interdependent and inseparable segments of the securities
market. 1
2. State any two main objectives of establishing the securities market
regulator. 1
3. What is meant by NSE Demutualised structure ? 1
4. What is meant by India VIX measure ? 1
5. Define ‘Sub-Broker’. 1
6. What is meant by a Dominant Promoter Group ? 1
7. What is meant by a Unique Client Code ? 1
8. Give the meaning of Screen-Based Trading System. 1
9. What is meant by ‘Cum-Security Holder’ ? 1
10. Define a Self-Regulatory Organization. 1
11. Define a ‘Beneficiary Owner’. 1
12. Name any two Regulators of Securities Market. 1

.317 3 P.T.O.

^mJ II$
{H$Ýht nm±M àíZm| Ho$ CÎma Xr{OE &
13. àË`oH$ H$m EH$ CXmhaU XoVo hþE à{V^y{V ~mµOma Ho$ {H$Ýht Xmo à{V^m{J`m| Ho$ Zm_ {b{IE & 2
14. à{V^y{V ~mµOma H$m gyMH$m§H$ Š`m B§{JV H$aVm h¡ ? g§jon _§o g_PmBE & 2
15. gm_mÝ` ~mµOma Iwbm MaU H$m g§jon _| dU©Z H$s{OE & 2
16. gyMZm Ho$ Eogo {H$Ýht Mma {~ÝXþAm| H$m C„oI H$s{OE {OZH$m àXe©Z ~mµOma {ZJamZr na
dmñV{dH$-g_` na AmYm[aV hmoVm h¡ & 2
17. BpÀN>V à{V^y{V Ho$ {df` _| VwaÝV ~mµOma gyMZm àmá H$aZo Ho$ {bE ZrQ> àUmbr na CnbãY
{deofVmAm| H$s g§jon _| MMm© H$s{OE & 2
18. Q>moH$ar ì`mnma (~mpñH$Q> Q´>oqS>J) H$s ì`mdhm[aH$Vm H$mo g§jon _| g_PmBE & 2
19. {ZåZ{b{IV gyMZm go G$U-g_Vm AZwnmV H$s JUZm H$s{OE : 2

{ddaU am{e
<
g_Vm A§e ny±Or 2,00,000
gm_mÝ` g§M` 1,60,000
10% G$UnÌ 1,50,000
Mmby Xo`VmE± 1,00,000
Amapå^H$ ì`` 10,000

^mJ III$
{H$Ýht nm±M àíZm| Ho$ CÎma Xr{OE &
20. EZ.Eg.B©. H$s {H$Ýht VrZ ~mµOma IÊS>m| H$m dU©Z H$s{OE & 3
21. CZ {dXoer BH$mB`m| H$mo g_PmBE Omo à_wI àdV©H$ g_yh Ho$ ê$n _| EŠM|O H$s ì`mnma
gXñ`Vm Ho$ {bE `mo½` h¢ & 3

22. gyMH$m§H$-AmYm[aV ~mµOma-dmBS g{H©$Q> ~«oH$a H$mo g_PmBE & 3
23. gm_mÝ` ~mµOma _| {Z`{_V bm°Q> AmXoem| H$m {_bmZ H¡$go {H$`m OmVm h¡ ? g_PmBE & 3
24. ‘_mZH$ \$m°_© AZw~§Y’ VWm ‘EO|gr AZw~§Y’ H$mo g§jon _| g_PmBE & 3
25. (a) à{V^y{V à_mU-nÌ g_n©U VWm (b) Hw$N> pñW{V`m| _| j{Vny{V© (ZwH$gmZ H$s ^anmB©) H$s
pñW{V _|, {S>nm°{µOQ>ar Am¡a BgHo$ à{V^m{J`m| Ho$ A{YH$mam| VWm Xm{`Ëdm| H$m g§jon _§o dU©Z
H$s{OE & 3

.317 4

PART II
Answer any five questions.
13. Giving one example of each, name any two participants of securities
market. 2
14. What does the index of the securities market indicate ? Explain briefly. 2
15. Describe briefly the Normal Market Open Phase. 2
16. State any four points of information that are displayed in the Market
Watch on real-time basis. 2
17. Discuss briefly the features available in the NEAT system to get
instantaneous market information on a desired security. 2
18. Explain briefly the functionality of basket trading. 2
19. From the following information, calculate Debt-Equity ratio : 2
Amount
Particulars
<
Equity Share Capital 2,00,000

General Reserve 1,60,000

10% Debentures 1,50,000

Current Liabilities 1,00,000

Preliminary Expenses 10,000

PART III
Answer any five questions.
20. Describe any three Market Segments of NSE. 3
21. Explain the foreign entities that are eligible to take trading membership
as a DPG of the Exchange. 3
22. Explain Index-Based Market-Wide Circuit Breaker. 3
23. How are Regular Lot orders matched in the Normal Market ? Explain. 3
24. Briefly explain ‘Standard Form Contract’ and ‘Agency Contract’. 3
25. Describe briefly the rights and obligations of a depository and its
participants in case of (a) Surrender of Certificate of Security and
(b) To Indemnify Loss in certain cases. 3

.317 5 P.T.O.

26. EH$ H$ånZr Ho$ {df` _| {ZåZ{b{IV gyMZm Xr JB© h¡ :

{ddaU am{e
<
{dH«$` 1,50,000
gH$b bm^ 30,000
~oMo JE _mb H$s bmJV 1,20,000
Amapå^H$ ñQ>m°H$ 29,000
ApÝV_ ñQ>m°H$ 31,000
XoZXma 16,000
ewÕ bm^ 14,000
ewÕ ñWm`r n[agån{Îm`m± 1,10,000
JUZm H$s{OE : 3
(a) ñWm`r n[ag§n{Îm`m± AmdV© AZwnmV
(b) gH$b bm^ AZwnmV
(c) ewÕ bm^ AZwnmV
IÊS> I
{H$Ýht nm±M àíZm| Ho$ CÎma Xr{OE &
27. {ZJ{_V {ZH$m` Ho$ {bE amï´>r` ñQ>m°H$ EŠM|O H$s gXñ`Vm hoVw `mo½`Vm _mnXÊS>m| H$mo
g_PmBE & 5
28. Eogo {H$Ýht VrZ {~ÝXþAm| H$m dU©Z H$s{OE {OZHo$ AmYma na amï´>r` eo`a ~mµOma, gXñ`Vm
H$m {Zb§~Z AWdm {ZîH$mgZ H$a gH$Vm h¡ & 5
29. ‘nwZI©arX ì`mnma’ H$mo g_PmBE & 5
30. nQ>b-AmYm[aV ì`mnma àUmbr Ho$ bm^m| H$mo g_PmBE & 5
31. {ZåZ{b{IV Ho$ AmXoe {_bmZ H$mo g_PmBE : 5
(a) àr-AmonZ {_bmZ
(b) Zrbm_r AmXoe {_bmZ
32. dr.E.Ama. _m{O©Z H$mo g_PmBE & 5
33. {d{^Þ ~mµOmam| Ho$ {bE ŠbmoµO-AmCQ> H$m`©{d{Y H$mo g_PmBE & 5

.317 6

26. The following information is given about a company :
Amount
Particulars
<
Sales 1,50,000
Gross Profit 30,000
Cost of Goods Sold 1,20,000
Opening Stock 29,000
Closing Stock 31,000
Debtors 16,000
Net Profits 14,000
Net Fixed Assets 1,10,000

Calculate : 3
(a) Fixed Assets Turnover Ratio
(b) Gross Profit Ratio
(c) Net Profit Ratio

SECTION B

Answer any five questions.

27. Explain the eligibility criteria for corporate membership of the National
Stock Exchange. 5

28. Describe any three points on the basis of which suspension or expulsion
of membership can be done by the NSE. 5

29. Explain ‘Buy Back Trade’. 5

30. Explain the advantages of screen-based trading system. 5

31. Explain the order matching of the following : 5
(a) Pre-open matching
(b) Auction order matching

32. Explain VaR Margin. 5

33. Explain the close-out procedures for different markets. 5
.317 7 P.T.O.