n NISM Certifications
NSM General NISM
Medium

Maximum Net NPA % for AD Category 1 bank to become trading and clearing members of currency futures?

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

Options

  1. A

    2%

  2. B

    2.5%

  3. 3%

    Correct answer

  4. D

    3.5%

Why this is the answer

AD Category 1 banks must have Net NPA ≤ 3% to qualify.

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