n NISM Certifications
VII NISM Series VII
Medium

Stock Exchanges set dynamic price bands at ______ percent of the previous closing price for stocks on which derivatives are available.

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

Options

  1. A

    5%

  2. 10%

    Correct answer

  3. C

    15%

  4. D

    20%

Why this is the answer

SEBI guidelines set dynamic price bands at 10% of the previous closing price. Bands may relax in 5% increments if the market moves beyond this range.

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NISM Series VII Mock Test 4