n NISM Certifications
NSM General NISM
Medium

Positions during the day are monitored based on total open interest at the end of the previous day’s trade for which levels?

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

Options

  1. A

    Client level positions

  2. B

    Trading member level positions

  3. C

    Only FII positions

  4. Both client and trading member level positions

    Correct answer

Why this is the answer

Position limits are checked at both levels based on prior day’s open interest.

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