n NISM Certifications
NSM General NISM
Medium

Brokers must issue contract notes to clients in what format?

Practice question from NISM Series I - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Customized format

  2. B

    Management-approved format

  3. Format specified by the exchange

    Correct answer

  4. D

    No specific guidelines

Why this is the answer

SEBI mandates use of the prescribed standard format.

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