NISM XV SEBI Regulations — Practice Questions
Test your knowledge of SEBI (Research Analysts) Regulations 2014 (amended to 2024) and the regulatory framework for the NISM Series XV exam.
65 questions on SEBI / Regulations in the ScoreSetu bank — each with a detailed explanation and, where useful, a memory hook.
What this topic covers
- SEBI (Research Analysts) Regulations
- Registration & eligibility
- Code of conduct
- Recent amendments
Free sample questions
1. As per the SEBI (Research analyst) Regulations, who is qualified to be registered as a research analyst ?
- A. Only Graduates
- B. Only Post-Graduates
- C. Only Chartered Accountants
- D. All of the above are qualified ✅
Answer: D — All of the above are qualified
Why: As per the SEBI (Research Analysts) Regulations, 2014, amended up to 2024, all of the above are eligible to be registered as a research analyst. Prior to the amendment in 2024, graduates were not eligible for this.
💡 Qualification: post-2024 amendment, GRADUATES too are eligible -> 'All of the above'.
2. As per the rules of SEBI, the chairman of the Remuneration Committee should be _______ .
- A. An Independent director ✅
- B. An Executive director
- C. The Chairman of the Board
- D. A Non Executive director
Answer: A — An Independent director
Why: The remuneration committee decides the remuneration of directors and senior management. Ideally, the committee should comprise entirely of independent directors. SEBI regulation currently stipulates that all members should be non-executive directors and the chairman of the committee should be independent director .
💡 Remuneration Committee chair = INDEPENDENT director. (Remuneration -> Reliable -> Independent).
3. Which of these is true with respect to Regulation 16 of the Code of Conduct for Research Analysts?
- A. Research analyst shall not deal or trade in securities that they recommends within thirty days before the publication of a research report ✅
- B. Research analyst shall not deal or trade in securities that they recommends within sixty days before the publication of a research report
- C. Research analyst shall not deal or trade in securities that they recommends within seven days before the publication of a research report
- D. Research analyst shall not deal or trade in securities that they recommends within fortyfive days before the publication of a research report
Answer: A — Research analyst shall not deal or trade in securities that they recommends within thirty days before the publication of a research report
Why: As per Regulation 16 of the Code of Conduct for Research Analysts : 'Independent research analysts, individuals employed as research analyst by research entity or their associates shall not deal or trade in securities that the research analyst recommends or follows within thirty days before and five days after the publication of a research report'.
💡 Qualification: post-2024 amendment, GRADUATES too are eligible -> 'All of the above'.
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