n NISM Certifications
VII NISM Series VII
Medium

Stock brokers have to obtain different licenses and certificates from SEBI for each of the different services they offer.

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

Stock brokers offering multiple financial services, such as equities, derivatives, commodities, mutual funds, PMS, or insurance, must obtain separate licenses and certifications for each service they provide.

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