n NISM Certifications
VII NISM Series VII
Medium

In Stop Loss orders, the client enters which of these prices?

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Limit price

  2. B

    Trigger price

  3. Both Limit price and Trigger price

    Correct answer

  4. D

    None of the above

Why this is the answer

Stop loss orders require a trigger price (activates the order) and a limit price (minimum/maximum execution price) to manage losses automatically.

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NISM Series VII Mock Test 2