n NISM Certifications
VII NISM Series VII
Medium

Periodic settlement of running accounts may not be necessary in which of the following cases?

Practice question from NISM Series VII Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Funds received from clients as margin in the form of bank guarantees or FDRs

  2. B

    Clients using margin trading facility (MTF) as per SEBI circular

  3. Both A and B

    Correct answer

  4. D

    None of the above

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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