n NISM Certifications
NSM General NISM
Medium

Seller can deliver ________ for entire obligation?

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

Options

  1. A

    Not more than 3 different deliverable bonds

  2. Different deliverable bonds but in multiples of contract amount

    Correct answer

  3. C

    Any bond of his preference

  4. D

    Same deliverable bond in equal proportion

Why this is the answer

Deliverable bonds can be in multiples of the contract amount, not necessarily limited to 3.

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