n NISM Certifications
VII NISM Series VII
Medium

Illiquid securities are those traded for less than ______ percent of the days over the previous six months.

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    50%

  2. B

    60%

  3. C

    70%

  4. 80%

    Correct answer

Why this is the answer

Securities are classified by liquidity: Group I (Liquid): ≥80% of days, impact cost ≤1%, Group II (Less Liquid): ≥80% of days, impact cost >1%, Group III (Illiquid): <80% of days

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Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.

NISM Series VII Mock Test 6