n NISM Certifications
VII NISM Series VII
Medium

For a stock’s normal sell order, the sale amount will be credited to the ________ account by the broker.

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

Options

  1. A

    Buyer’s

  2. Seller’s

    Correct answer

  3. C

    Exchange’s

  4. D

    Clearing Member’s

Why this is the answer

In a normal sell transaction, the Clearing Corporation first pays the broker, who then credits the seller’s account with the sale proceeds.

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.

NISM Series VII Mock Test 3