n NISM Certifications
VII NISM Series VII
Medium

A trading member with a net sale position (sales > purchases) must give ______ to the stock exchange.

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

Options

  1. Securities

    Correct answer

  2. B

    Money

  3. C

    Both 1 and 2

  4. D

    Bank Guarantee

Why this is the answer

A net selling broker delivers the securities and receives money in return.

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