n NISM Certifications
VII NISM Series VII
Medium

The Base Minimum Capital requirement specified by SEBI for proprietary trading and trading on behalf of clients without Algo is ______.

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs 50 Lacs

  2. Rs 25 Lacs

    Correct answer

  3. C

    Rs 15 Lacs

  4. D

    Rs 10 Lacs

Why this is the answer

SEBI specifies minimum capital requirements as follows: Proprietary trading + client trading without Algo: Rs 25 Lacs; only proprietary trading without Algo: Rs 10 Lacs; only client trading without Algo: Rs 15 Lacs; all brokers with Algo: Rs 50 Lacs.

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