n NISM Certifications
VII NISM Series VII
Medium

A beneficiary demat account can be debited only if the beneficial owner has given a ______ instruction slip in the prescribed form.

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Debit

  2. B

    Credit

  3. C

    Payment

  4. Delivery

    Correct answer

Why this is the answer

A Delivery Instruction Slip (DIS) in the prescribed form must be provided for debiting a demat account.

Test yourself for real

Take a full NISM Series VII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.