n NISM Certifications
VII NISM Series VII
Medium

The contribution of Clearing Corporation (CC) to the Core Settlement Guarantee Fund (SGF) shall be at least ____ percent of the Minimum Required Corpus (MRC) from its own funds.

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

Options

  1. A

    40

  2. 50

    Correct answer

  3. C

    60

  4. D

    70

Why this is the answer

CC contribution to Core SGF must be at least 50% of MRC from its own funds, which counts toward its net worth.

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NISM Series VII Mock Test 4