n NISM Certifications
VII NISM Series VII
Medium

The ledger which records the details of all clients and their transactions is called the ______.

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Transaction Ledger

  2. Client’s Ledger

    Correct answer

  3. C

    General Ledger

  4. D

    Journal

Why this is the answer

The Client’s Ledger records all transactions and balances of each client maintained by a broker. It forms part of mandatory records such as the sauda book, journals, bank book, and margin deposit book.

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NISM Series VII Mock Test 2