n NISM Certifications
VII NISM Series VII
Medium

A minimum of ____ percent of the Base Minimum Capital (BMC) deposit from members must be in cash or cash equivalents.

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

Options

  1. A

    25

  2. B

    40

  3. 50

    Correct answer

  4. D

    60

Why this is the answer

SEBI mandates that at least 50% of the Base Minimum Capital deposit from members must be maintained in cash or cash equivalents to meet contingencies in any segment of the exchange.

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