n NISM Certifications
VII NISM Series VII
Medium

A clearing member who fails to discharge funds obligations related to settlement dues, margin money, or non-settlement dues may face withdrawal of trading facility or other disciplinary actions by the ________.

Practice question from NISM Series VII Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Relevant Authority

    Correct answer

  2. B

    SEBI

  3. C

    Local Police

  4. D

    Commerce Ministry

Why this is the answer

Clearing members must fulfill settlement obligations. Failure may result in trading facility withdrawal or other actions by the Relevant Authority.

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