n NISM Certifications
VII NISM Series VII
Medium

Stock brokers are allowed to net the client account within the broking company — True or False?

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

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

Brokers can net client positions within the firm, with final pay-in/pay-out of securities and funds processed through clearing banks and depositories.

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.