n NISM Certifications
VII NISM Series VII
Medium

Depository Participants, on instructions from the depository, take responsibility for distributing non-cash corporate benefits. True or False?

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

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

Depository Participants handle non-cash corporate benefits like bonus shares, rights shares, or other entitlements in electronic form for account holders.

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.