n NISM Certifications
VII NISM Series VII
Medium

In a Block Deal, orders may be placed at a price not exceeding +1% of the reference price. State True or False.

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

Options

  1. A

    True

  2. False

    Correct answer

Why this is the answer

A Block Deal allows bulk trades at a price within ±1% of the reference price. The statement is false because it ignores the -1% limit.

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NISM Series VII Mock Test 3