n NISM Certifications
VII NISM Series VII
Medium

Exposure against the Base Minimum Capital deposit (BMC) is granted to trading members. 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. A

    True

  2. False

    Correct answer

Why this is the answer

BMC is a deposit for contingencies, and no trade exposure is allowed against it.

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