n NISM Certifications
VII NISM Series VII
Medium

A stock broker has to maintain different types of books as prescribed under ______.

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

Options

  1. SC(R)R 1957

    Correct answer

  2. B

    SCRA 1956

  3. C

    SEBI Stock Broker Regulations

  4. D

    SEBI Intermediaries Regulations

Why this is the answer

Stock brokers must maintain various records, including Sauda Books, as per SC(R)R 1957 along with SEBI and exchange compliance requirements.

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