n NISM Certifications
VII NISM Series VII
Medium

Professional Clearing Members (PCMs) do not have trading rights. State True or False.

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

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

PCMs can only clear trades; they do not have trading rights.

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