n NISM Certifications
VII NISM Series VII
Medium

A person wishes to apply to SEBI to become a Trading Member but fails to meet the financial competency criteria. Can he become a SEBI-authorized stock broker?

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

Options

  1. A

    Yes

  2. No

    Correct answer

Why this is the answer

Meeting financial competency criteria is mandatory along with integrity, reputation, and absence of legal restrictions.

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