n NISM Certifications
VII NISM Series VII
Medium

A broker can do which of the following on the Market Watch screen for mutual fund schemes?

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Default the scheme descriptor when entering subscription/redemption requests

  2. B

    View scheme details like ISIN and limits

  3. C

    View the indicative NAV (previous day)

  4. All of the above

    Correct answer

Why this is the answer

Brokers can view scheme details, default descriptors for easier data entry, and check indicative NAVs via the market watch screen for mutual funds.

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