n NISM Certifications
VII NISM Series VII
Medium

Once KYC and other formalities are complete, each client is assigned a ________ by the broker.

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

Options

  1. A

    Permanent Account Number (PAN)

  2. B

    KYC Number

  3. Unique Client Code (UCC)

    Correct answer

  4. D

    Demat Code

Why this is the answer

The Unique Client Code (UCC) serves as an identity for the client with respect to the broker. SEBI mandates its use for all client orders.

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.