n NISM Certifications
VII NISM Series VII
Medium

For smooth settlements, the clearing corporation is linked to the system of ______.

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

Options

  1. A

    Depositories

  2. B

    Banks

  3. C

    SEBI

  4. Both Banks and Depositories

    Correct answer

Why this is the answer

The clearing corporation links clearing banks and depositories to ensure actual movement of funds and securities on pay-in and pay-out dates.

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NISM Series VII Mock Test 4