n NISM Certifications
VII NISM Series VII
Medium

Limit orders can be ________.

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

Options

  1. A

    Day orders

  2. B

    Immediate or Cancel (IOC) orders

  3. Both of the above

    Correct answer

  4. D

    None of the above

Why this is the answer

A limit order specifies a fixed buy/sell price and can be set as a Day order or IOC order, depending on execution preference.

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