n NISM Certifications
VII NISM Series VII
Medium

A transferee can give 'Standing Instructions' (SI) to its DP for receiving in securities – True or False?

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

In the depository system, transferees can give SI to DPs to automatically receive securities, avoiding the need to give separate instructions each time.

Test yourself for real

Take a full NISM Series VII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.