Options
- A
Partially accept
- B
Partially reject
-
Reject
Correct answer
- D
Still accept
Why this is the answer
Custodians verify institutional trades. If trade details do not match, the custodian rejects the trade, and margin obligations are applied accordingly.
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.