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Exam Code: NISM-Series-VII
Exam Name: NISM Series VII - Securities Operations and Risk Management Certification
Version: V22.75
Q & A: 580 Questions and Answers
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NEW QUESTION: 1
A. Option B
B. Option A
C. Option D
D. Option E
E. Option C
Answer: A,E
NEW QUESTION: 2
In most countries other than the United States, which of the following is used to compensate banks for services provided?
A. Bilateral netting
B. Value dating
C. Automatic overdraft services
D. Giro systems
Answer: B
NEW QUESTION: 3
Which of the following data validation edits is effective in detecting transposition and transcription errors?
A. Range check
B. Validity check
C. Check digit
D. Duplicate check
Answer: C
Explanation:
Explanation/Reference:
Explanation:
A check digit is a numeric value that is calculated mathematically and is appended to data to ensure that the original data have not been altered, e.g., an incorrect, but valid, value substituted for the original. This control is effective in detecting transposition and transcription errors. A range check is checking data that matches a predetermined range of values. A validity check is programmed checking of the data validity in accordance with predetermined criteria. In a duplicate check, new or fresh transactions are matched to those previously entered to ensure that they are not already in the system.
NEW QUESTION: 4
Universal Containers has implemented a strict software architecture for their custom Apex code. One of the requirements is that all SOQL queries are contained within reusable classes. Depending on the context of the Apex transaction, the queries should be able to run either "With Sharing" or "Without Sharing". Which two ways allow the Architect to meet these requirements?
Choose 2 answers.
A. Create a reusable SOQLQueries class; do not specify "With" or "Without Sharing" on the SOQLQueries class and use the runAs() method to dynamically set the context.
B. Create a SystemSOQLQueries class and a UserSOQLQueries class; set the "With Sharing" keyword on the User SOQLQueries class and "Without Sharing" on the SystemSOQLQueries class.
C. Create a reusable SOQLQueries class; specify "With Sharing" on the methods that require user context and "Without Sharing" on the methods requiring system context.
D. Create a reusable SOQLQueries class; do not specify "With" or "Without Sharing" on the SOQLQueries class.
Answer: B,C
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