n NISM Certifications
VII NISM Series VII
Medium

For clearing and settlement of trades, clearing members must take membership with the ________.

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

Options

  1. Clearing Corporation

    Correct answer

  2. B

    SEBI

  3. C

    Banks

  4. D

    Depositories

Why this is the answer

Clearing Members must be registered with the Clearing Corporation, which assigns them a unique ID and facilitates trade settlement.

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