n NISM Certifications
VII NISM Series VII
Medium

Professional Clearing Members also have trading rights – True or False?

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    True

  2. False

    Correct answer

Why this is the answer

Professional Clearing Members only clear trades and do not have trading rights.

Test yourself for real

Take a full NISM Series VII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.