Unit ko samjho · NISM Series II-A
Roles and Responsibilities in a Public Issue
10 questions is unit mein
Sawaal aur jawaab English mein hain, kyunki NISM ka exam paper bhi English mein hota hai.
Is unit mein kya hai
- What happens to application money initially under Application Supported by Blocked Amount, known as ASBA?
- Which rejected-application information must an RTA preserve under the RTA Regulations, 2025?
- Which role does a Self Certified Syndicate Bank perform in the ASBA application process?
- ₹1,00,000 is blocked for 500 shares at ₹200. The investor receives 230 shares at that price. What amount is released?
- An offer requires applications in multiples of 20 shares. An application requests 75 shares. What should the RTA identify?
- An application’s tax identifier does not match the linked demat records. Which processing response best protects accurate allotment?
- What should an RTA do when its issue-processing system identifies possible multiple applications by the same applicant?
- An investor approves a valid UPI mandate for an IPO application. Does this alone confirm that shares have been allotted?
- An application blocks money for 500 shares at the ₹180 cap price. Only 200 shares are allotted at ₹170. What amount should be unblocked?
- An issue receives 1,200 applications for 20 shares each. It rejects 100 for identity failures and 50 different applications for payment failures. What quantity remains in valid demand?
Zaroori ideas
Practice bank se · 1
What happens to application money initially under Application Supported by Blocked Amount, known as ASBA?
ASBA initially blocks the application amount in the applicant’s bank account rather than immediately transferring it to the issuer. Remember: ASBA separates blocking application funds from the later allotment-related debit.
Hint Blocking money restricts its use without immediately transferring ownership to the issuer. Common mistake: Treating a blocked balance as money already paid to the issuer.
II-A-091Practice bank se · 2
Which rejected-application information must an RTA preserve under the RTA Regulations, 2025?
The RTA must preserve rejected applications and their reasons for rejection under regulation 17(2)(b). Remember: Rejection records must show reasons rather than only a final outcome.
Hint A review should be able to explain what happened to an unsuccessful application. Common mistake: Deleting unsuccessful applications once allotment is finished.
II-A-092Practice bank se · 3
Which role does a Self Certified Syndicate Bank perform in the ASBA application process?
A Self Certified Syndicate Bank blocks eligible application funds in the bank account as part of the ASBA process. Remember: The ASBA bank handles the funds block while other intermediaries perform different issue functions.
Hint Focus on the bank’s role in the movement and availability of money. Common mistake: Confusing the bank’s cash-blocking role with a depository participant’s role.
II-A-093Practice bank se · 4
₹1,00,000 is blocked for 500 shares at ₹200. The investor receives 230 shares at that price. What amount is released?
₹54,000 is released. Allotment debit = 230 × ₹200 = ₹46,000. Released amount = ₹1,00,000 − ₹46,000 = ₹54,000. Remember: Partial allotment requires separating the actual debit from the unused blocked amount.
Hint Only the amount needed for the allotted shares remains payable. Common mistake: Calling the allotment debit the refund or released amount.
II-A-094Practice bank se · 5
An offer requires applications in multiples of 20 shares. An application requests 75 shares. What should the RTA identify?
The RTA should identify a mismatch because 75 is not a multiple of the stated 20-share application lot. Remember: Application validity depends on the offer’s quantity conditions as well as payment.
Hint Check the quantity condition separately from whether enough money is available. Common mistake: Changing an applicant’s instructions merely to make validation pass.
II-A-095Practice bank se · 6
An application’s tax identifier does not match the linked demat records. Which processing response best protects accurate allotment?
The RTA should investigate and follow the authorised process because an identity mismatch must not be bypassed or corrected using another person’s information. Remember: Identity checks protect accurate allotment and must not be bypassed.
Hint Validation should protect the correct investor identity rather than force a successful upload. Common mistake: Treating a successful computer upload as more important than correct investor identity.
II-A-096Practice bank se · 7
What should an RTA do when its issue-processing system identifies possible multiple applications by the same applicant?
The RTA should scrutinise possible multiple applications under the applicable issue rules and bring relevant cases to the issuer and lead managers. Remember: Multiple-application checks require appropriate review and an audit trail.
Hint Potential duplicates require a controlled review, not automatic acceptance or record deletion. Common mistake: Assuming every repeated record can be accepted or deleted without examination.
II-A-097Practice bank se · 8
An investor approves a valid UPI mandate for an IPO application. Does this alone confirm that shares have been allotted?
No, approving the mandate concerns the funds-blocking process and does not by itself confirm any allotment. Remember: Payment authorisation, funds blocking and share allotment are separate events.
Hint Keep payment authorisation separate from the issue’s allotment decision. Common mistake: Treating a payment-mandate notification as an allotment confirmation.
II-A-098Practice bank se · 9
An application blocks money for 500 shares at the ₹180 cap price. Only 200 shares are allotted at ₹170. What amount should be unblocked?
₹56,000 should be unblocked. Original block = 500 × ₹180 = ₹90,000. Allotment debit = 200 × ₹170 = ₹34,000. Unblocked balance = ₹90,000 − ₹34,000 = ₹56,000. Remember: Unblocking must account for both partial allotment and any lower final price.
Hint Use the cap price for the original block and the final price for the actual allotment debit. Common mistake: Applying one price to both the initial block and the final debit.
II-A-099Practice bank se · 10
An issue receives 1,200 applications for 20 shares each. It rejects 100 for identity failures and 50 different applications for payment failures. What quantity remains in valid demand?
Valid demand is 21,000 shares. Valid applications = 1,200 − 100 − 50 = 1,050. Valid share demand = 1,050 × 20 = 21,000 shares. Remember: Reconcile valid application counts before converting them into valid share demand.
Hint The two rejection groups do not overlap, and the question asks for shares rather than applications. Common mistake: Mixing the units of applications and shares.
II-A-100