n NISM Certifications
XIII NISM Series XIII
Medium

The money and securities deposited in a client's account _______.

Practice question from NISM Series XIII for SIF - Mock Test 11 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Can be attached for meeting the obligations of the broker on his proprietary account

  2. Cannot be attached for meeting the obligations of the broker on his proprietary account

    Correct answer

  3. C

    Can or cannot be attached depends on the decision of the Clearing Corporation

  4. D

    None of the above

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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