n NISM Certifications
VII NISM Series VII
Medium

Once an order is _______, a trade is said to be executed.

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

Options

  1. A

    Cleared

  2. B

    Settled

  3. Matched

    Correct answer

  4. D

    None of the above

Why this is the answer

A trade is executed when the order is matched. Trade confirmations are then automatically sent to the broker and client terminals.

Test yourself for real

Take a full NISM Series VII mock test.

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