n NISM Certifications
VII NISM Series VII
Medium

A sub-broker is not a member of a Stock Exchange but acts on behalf of a trading member as an agent.

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

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

A sub-broker acts as an agent for a trading member, assisting investors in buying or selling securities through the member, without being an exchange member themselves.

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