n NISM Certifications
VII NISM Series VII
Medium

In the clearing and settlement of trades, the clearing process ______ the trading process.

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

Options

  1. A

    Precedes

  2. Follows

    Correct answer

  3. C

    Goes along with

  4. D

    None of the above

Why this is the answer

The clearing process occurs after trading. Trades happen first, and then the clearing process settles those trades.

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.