NISM NISM-Series-VII Q&A - in .pdf

  • NISM-Series-VII pdf
  • Exam Code: NISM-Series-VII
  • Exam Name: NISM Series VII - Securities Operations and Risk Management Certification
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  • Q & A: 85 Questions and Answers
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  • Exam Code: NISM-Series-VII
  • Exam Name: NISM Series VII - Securities Operations and Risk Management Certification
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Answer: A

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What is NOT a feature of Content Delivery?
A. View how often the content has been viewed or downloaded
B. Setting an expiry time on when the content is available till
C. View Microsoft PowerPoint and Word files in a browser
D. Add comments to the document
Answer: D

NEW QUESTION: 3
The budget and actual cost statements for the production department for the latest period were as follows.

Notes.
1. The 10% increase in production was required to meet unexpected additional sales demand.
2. The production manager is responsible for negotiating the price of materials with suppliers.
3. The normal working time is 900 hours per period. Any overtime worked above these 900 hours is paid at a premium of 50%.
In preparing the flexible budget for the latest period, which TWO of the following statements are correct?
(Choose two.)
A. The material quantity should be flexed to 60,000 + 10% = 66,000 kg.
B. The basic pay hours should not be flexed; they should remain at 1,000 hours.
C. The fixed costs should be flexed to $40,000 + 10% = $44,000.
D. The material price should be flexed to the actual figure of $3.10 per kg.
E. The overtime hours should be flexed to (1,000 + 10%) - 900 = 200 hours.
Answer: D,E

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