n NISM Certifications
VII NISM Series VII
Medium

Non-fulfillment of whole or part of margin obligations by a clearing member attracts penalty — True or False?

Practice question from NISM Series VII Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

Clearing members must meet margin obligations; failure to do so violates rules, bye-laws, and regulations, attracting penalties and potential disciplinary actions.

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