n NISM Certifications
VII NISM Series VII
Medium

______ specifies the categories of investors to whom the DMA facility can be extended.

Practice question from NISM Series VII Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. SEBI

    Correct answer

  2. B

    RBI

  3. C

    Stock Exchanges

Why this is the answer

SEBI permits Direct Market Access (DMA) for institutional clients, allowing brokers to provide direct access to the exchange trading system via the broker’s infrastructure.

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