n NISM Certifications
VII NISM Series VII
Medium

Orders placed through the Block Deal window can be at a price not exceeding -1% of the reference rate. State True or False.

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    True

  2. False

    Correct answer

Why this is the answer

Block deal orders can be placed within ±1% of the reference price — both above and below — not just below (-1%).

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NISM Series VII Mock Test 3