n NISM Certifications
XIII NISM Series XIII
Medium

Mr. Rohit, a Chartered Accountant, and Mr. Ramesh, a Commerce Graduate, are clearing members. Based on this, which statement is TRUE?

Practice question from NISM Series XIII for SIF - Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Position limits are based on education qualifications

  2. Position limits are defined by SEBI and depend on funds deposited

    Correct answer

  3. C

    Qualifications determine exposure limits

  4. D

    Limits are arbitrary and not regulated

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

Test yourself for real

Take a full NISM Series XIII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.