n NISM Certifications
VII NISM Series VII
Medium

Minimum _____ percent of the Base Minimum Capital deposit shall be in the form of cash and cash equivalents.

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    25%

  2. 50%

    Correct answer

  3. C

    65%

  4. D

    75%

Why this is the answer

At least 50% of Base Minimum Capital (BMC) must be in cash or cash equivalents to cover member exposures.

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NISM Series VII Mock Test 5