n NISM Certifications
VII NISM Series VII
Medium

Order matching in an Exchange is done on a ______ priority basis.

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

Options

  1. Price - Time

    Correct answer

  2. B

    Time - Price

  3. C

    Broker Net Worth

  4. D

    Quantity - Price

Why this is the answer

Orders are matched based on best price first; if prices are equal, earlier orders have priority.

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