n NISM Certifications
VII NISM Series VII
Medium

Mutual fund orders placed on an exchange can be cancelled or modified during:

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Pre-trade

  2. B

    After close of trade

  3. During trading hours

    Correct answer

  4. D

    All of the above

Why this is the answer

Mutual fund orders can only be modified or cancelled during the trading hours on the exchange (9:00 am to 3:00 pm).

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