n NISM Certifications
VIII NISM Series VIII
Medium

Derivatives brokers/dealers must exercise care and ensure the product is suitable for the client based on ______.

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

Options

  1. A

    Their own judgment

  2. Client’s understanding and financial capabilities

    Correct answer

  3. C

    Market conditions only

  4. D

    Broker’s discretion

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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