n NISM Certifications
VII NISM Series VII
Medium

______ prescribes the uniform documentation to be followed by all stock brokers while opening accounts for clients.

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Ministry of Finance

  2. B

    Stock Exchanges

  3. SEBI

    Correct answer

  4. D

    Stock Brokers Association

Why this is the answer

SEBI prescribes a uniform set of documents for account opening, including the Client Account Opening Form, Rights & Obligations Document, Risk Disclosure Document, Guidance Note, Policies and Procedures Document, and a Tariff Sheet.

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