n NISM Certifications
VII NISM Series VII
Medium

Money in a normal stock buy order is debited from the ______ account.

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

Options

  1. A

    Trading member’s

  2. B

    Clearing member’s

  3. Buyer’s

    Correct answer

  4. D

    Seller’s

Why this is the answer

In a buy transaction, funds are debited from the buyer’s account and transferred to the trading member’s account.

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