n NISM Certifications
VII NISM Series VII
Medium

Every trade executed by a stock broker on behalf of a client should be supported by a ______.

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

Options

  1. A

    SMS message

  2. B

    Confirmatory phone call

  3. Contract note

    Correct answer

  4. D

    WhatsApp message

Why this is the answer

A contract note is the legal record confirming each trade executed on behalf of a client on a stock exchange.

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.