n NISM Certifications
VII NISM Series VII
Medium

The maximum brokerage a broker can charge in the equity segment is _____ of the trade value (excluding statutory levies).

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

Options

  1. A

    1.5%

  2. 2.5%

    Correct answer

  3. C

    1%

  4. D

    5%

Why this is the answer

Brokers can charge up to 2.5% of trade value (excluding statutory levies) in equities, with a maximum of 25 paise per share for low-value shares; no minimum brokerage is specified.

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NISM Series VII Mock Test 4